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Pre-conference Workshop: How to Accelerate the Commercialization of Biofuels |
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Big Oil and Biofuels: How Biofuels and Conventional Fuels are Converging and What it Means for the Future |
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Todd Taylor, Lead Biofuels Attorney, Fredrikson & Byron |
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Since 2005, when former oil man and then
President Bush signed the 2005 Farm bill creating the Renewable Fuels
Standard, oil companies have been forced to deal with biofuels. With
various degrees of enthusiasms', big oil has entered the biofuels
market, often with unexpected results. From simply being a blender of
biofuels, to investing in new biofuels technologies and start-ups, and
more recently actually buying distressed ethanol assets, big oil
companies have significant impact on biofuels market dynamics. Biofuel
companies need to understand big oil’s perspective on biofuels, even if
they don’t agree with it, and work on strategies to either minimize big
oil’s influence or maximize cooperation. |
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Speaker Bio: |