Analysis: Progress to U.S. biofuel-use goals to be slow

02/7/2007 | Reuters

The U.S. goal of consuming 35 billion gallons of renewable fuels by 2017 is within reach, according to experts, but getting to that point will be a slow process. Billions of dollars in government incentives are expected to fuel the drive to produce fuels from plant materials, much of it from cellulose-based ethanol, but an initial slow place of growth with a new generation of technologies and high capital costs could mean a slow start, according to analysts.

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