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Biofuel economics

"Second generation" biorefineries -- those making biofuel from lignocellulosic feedstocks like straw, grasses and wood -- have long been touted as the successor to today's grain ethanol plants, but until now the technology has been considered too expensive to compete. However, recent increases in grain prices mean that production costs are now similar for grain ethanol and second generation biofuels, according to a paper published in the first edition of Biofuels, Bioproducts & Biorefining.

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Keywords: biofuel, economics, economic

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