A recent Forbes article took a closer look at what had to be done to maximize profits within the biofuel industry. The article acknowledge the cry from green groups like the Environmental Working Group to stop the world of biofuel because of additional ecological concerns. The policy shift from these groups isn’t a surprising one. First generation biofuels have created some real problems, including depletion of natural water resources and increased food prices. Adding extensive U.S. taxpayer funding to that mix hasn’t necessarily changed the situation. The article concludes by suggesting that the best way to overhaul the current system is to phase out those first generation biofuels and refocus on sustainable choices, without taxpayer help. The hint is that taxpayer help often doesn’t help industries grow. Instead, it’s the world of competition that makes things work well.
Many, outside of this Forbes article, have suggested that biofuel is an absolute disaster in terms of an option to replace traditional fuel products. After all, the ideas behind biofuel initially came to light in the late 1800s. Even Henry Ford thought the future of cars was to run on fermented vegetable matter. The problem, though, was that petroleum was a quicker, easier source of the fuel so many require. It, of course, comes with its own drawbacks.
Given the push toward biofuel and the new push against it, though, is it actually a viable choice? Absolutely. The problem is that the industry, as an actual industry, not just an idea on paper, is still far too embryonic to make any real progress. These things take time, and in a society where we can have anything we want thanks to the computers in our hands, it’s tough to wait a year, two years, or even twenty or thirty years for the discoveries necessary to make this industry work.
At Komax, we believe in the power of biofuel, and we have a number of technologies ready to help the industry as it grows.