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CEO says new enzyme will be available in the first quarter, and that the company could show the product would be competitive with corn-based ethanol and gasoline.
National Research Council says that without "major technological innovation or policy changes" long-term targets for cellulosic biofuels are not likely to be met.
Critics say it is a failure of government policy, not science, that the U.S. is still so dependent on corn for its biofuels.
Europe's world-leading industry is now on the verge of being legislated out of existence after the studies reveal biodiesel's indirect impact cancels out most of its benefits.
Cellulosic ethanol. Everyone loves it, but building it to scale will take quite a number of years.