Forestry Investment – The use of forest waste products to develop biofuels was a major subject for discussion at this summer’s Louisiana Natural Resources Symposium.
Biodiesel production is expected to increase over the coming two years, with its development potentially able to offset US use of fossil fuels by 20 per cent in the future.
Richard Vlosky, the director at the Louisiana Forests Products Development Center, says there is a huge potential to use forestry bi-products in biofuel development, particularly in the south of the US where forestry is a major industry.
Major energy firms such as Chevron and Weyerhaeuser are already investing generously in research and development of biofuels. However, further R&D investment is needed to establish how best to supply, store, develop and distribute biofuels.
Investment is needed in order to discover how forestry waste can be turned into fuel on a large scale and while making a profit.
The symposium also looked at the possibility of growing the Chinese Tallow Tree, which can be grown in poor soil conditions and can produce up to 1,000 gallons of fuel per acre grown.