Biofuels:

Verenium's Howe talks partnership with BP, cellulosic commercialization plant

What impact has this year's backlash against corn ethanol had on investments in second generation biofuels? Will the cellulosic ethanol industry successfully meet the government's renewable fuels standard? During today's OnPoint, John Howe, vice president of public affairs at Verenium, discusses his company's new partnership with BP and its plans for a large-scale cellulosic commercialization plant. Howe addresses the heavy competition that exists within the cellulosic industry and addresses some of the key cost issues associated with cellulosic ethanol. He also discusses the ethanol mandate and whether his industry will successfully meet the government’s standards.