ew Market for Sustainable Biofuels, According to Washington State University Study
A new type of biofuel using biological non-food sources may soon be readily available, and
Washington State University discovered that consumers were willing to pay more for a more environmentally friendly type of fuel.
First generation biofuels typically use food sources, like corn, which can increase the price of food and is less sustainable than second generation biofuels, which use materials like wood scraps. While this new biofuel does not exist commercially yet, if consumers are willing to pay a greater premium, the market of new biofuels might not be far behind.
Read more about Washington State University’s study on new biofuels here.