Feds' advanced-biofuels push will boost investor interest in sector

08/25/2011 | OilPrice.com (U.K.)

The federal government's announcement to spend up to $510 million to promote advanced-biofuel production for military and commercial use is likely to boost investor interest in the sector, according to industry observer John C.K. Daly. "Wall Street's big money boys, the Carlyle Group and Goldman Sachs, have already begun discreetly investing in biofuel production in the U.S., but given the size of the recent [government] pronouncement, there is still plenty of largesse to go around," Daly writes.

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