Rick Wilson of US biofuel technology company Cobalt Biofuels discusses the need for private investment in new energy, the huge potential for development in biofuels and why a financial downturn encourages innovation.
'The fuels market is huge. Next generation biofuels are only going to get better over time. The aim is to get to the point where we are cost competitive with crude oil refinery, but no-one is here yet.'
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