British Petroleum and Verenium, a Cambridge, Massachusetts based cellulosic ethanol company, are teaming up in a 50-50 joint venture to develop the world’s largest cellulosic ethanol plant in Florida.
A nice start for oil and energy after a brutal year:
Now that $25 oil is the new $200 oil, there’s concern that any strides we might have made towards cleaner fuel were all for naught, and that green is dead until oil spikes again. Many people even find the drop in oil prices unfortunate for that reason.
It really is the ’70s redux!