Some company will be big in biofuels and it could very well be SSTP/USSE
I read a 14 page report by Vinod Khosla and the conclusion was that second generation biodiesel and biogasoline are going to be the future and that is exactly what we have have here.
Until now — at least if you believe Vinod Khosla, one of the best-known venture capitalists in America, who was a founder of Sun Microsystems and an early investor in Google, and who has in recent years invested hundreds of millions of dollars into a dozen different biofuel companies using new and potentially revolutionary techniques. In November, a Khosla-backed firm called Range Fuels broke ground on the first cellulosic ethanol plant in the country. The plant, located in Georgia, employs an efficient process that eliminates two of the four traditional thermo-chemical steps. Range Fuels plans to use timber scraps, wood chips and paper pulp, though it could also use municipal waste and even olive pits, to produce 100 million gallons of fuel a year.
Khosla has also supported efforts to utilize the power of bioengineering. The goal here has been to create bacteria that will, in effect, eat cellulose and excrete oil. In February, a Khosla-backed company, LS9, announced its plans to make genetically engineered microbes that do just that. Another company, Verenium, exploits naturally occurring cellulose-eating enzymes in termites and fungus to produce ethanol.
But can products like these go to market? Yes, according to Khosla, who finances technologies only if he believes they can be ramped up to scale and compete with fossil fuels within five to seven years of their initial deployment — without government subsidy. “I believe in technologies that can compete in the marketplace,” he says. “Otherwise, it’s just toys you’re dealing with. Not solutions.”
According to Khosla, within the next two decades, petroleum, which accounts for 40 percent of the current total energy use in the United States, can be entirely replaced by biofuels. That’s a half-trillion-dollar market. In a kind of biofuels roulette, Khosla, a man with a big stack of chips, has covered the table with many different bets. One of them seems bound to hit, which would be a Google-like home run for Khosla and would similarly revolutionize life for the rest of us.