Archive for the ‘Biofuels’ Category

Bentley isn't known for making gas-sippers. In fact, some of its current models rank among the least fuel-efficient in the country (down to the single digits). But that reputation may change a bit when Bentley launches its new, top-secret powertrain in 2011. There's speculation that the engine may be a hybrid and that it will be capable of running on E85 bioethanol like the new Continental Supersports. No word yet on efficiency, but we know that it's set to reduce CO2 from 396 g/km to under 240 g/km -- still far above the industry average, but hey, a 40% cut is a 40% cut. [AutoExpress]

Algae-based biofuel has gained traction in recent years, but it presents significant financial and scientific challenges. Bottom line: it's a new technology, and it may take years or decades before investors see a profit. That makes venture capitalists skittish. A new project in Colorado, however, may have overcome such hurdles: there, Southern Utes are working with start-up Solix on a promising new algae biofuel project, and it seems that money and time are no object. Must be nice. [NYTimes]

Yes, you read that headline correctly: Exxon (a name forever linked in some people's minds with "Valdez") has jumped on the eco-conscious, biofuel bandwagon, and it's doing so in a forward-thinking way. The company has invested $600 million in a joint partnership with biotech firm Synthetic Genomics to create biofuel from algae, which is viewed as a far more efficient source of energy than other renewable sources, like corn. The initiative is in its early stages, but the promise of "oilgae", as it's called, are enticing. Added bonus: you can still call oil execs "slimy", only now it's a compliment.   [NYTimes]