Venture Capitalist Predicts Rapid Expansion of Biofuels Industry

WASHINGTON–A top venture capitalist and a prominent biotechnology industry business consultant today both said that the biofuels industry is poised for exceptional growth and that ethanol from cellulose appears to be the most promising alternative fuel over the long-term. During keynote speeches at the World Congress on Industrial Biotechnology and Bioprocessing, Vinod Khosla of Khosla Ventures and Dr. Jens Riese of McKinsey & Co. also highlighted the significant reductions in greenhouse gas emissions achievable with ethanol from cellulose. The fourth annual World Congress runs March 21-24 at the Walt Disney World Swan and Dolphin Resort in Orlando, Fla.

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