AOL

The development cycles for projects using established technology are famously lengthy in the energy sector, while the length of time it takes for new technology to be developed and brought to commercial scale runs to decades, if not longer.

The advanced biofuels business, lent a generous mandate by US politicians against the background of fears over energy security and rising oil prices in the middle of the last decade, has managed to accelerate the development cycle to a degree that would have been unimaginable a decade ago, representatives for the industry said on a call with reporters recently.