It seems like there has been quite a bit of bad news for the cellulosic biofuel industry in the last few weeks. BP decided not to move forward on their Highlands project, which included both a commercial refinery and large-scale energy farm. Industry stock prices seem to be trending downward. Low natural gas prices have energy companies reevaluating their investment strategies.
However, at the same time that we’ve all become acutely aware of the challenges that the industry continues to face moving forward, we should also acknowledge another major milestone… KiOR began production just a few days ago at the first commercial-scale cellulosic biorefinery in the U.S.