At least they are on the thermochemical conversion path.

They are missing the boat from several directions, however just understanding the drop in, fuel and chemical demand. puts this work ahead of most.

Of the $1.4B invested last year, only 1/3 was geared toward Thermochemical. Without the Chemistry, the biology is simply held back, & will remain on hold.

If your biology is not running toward an Algae growth path, or you are still stuck in Corn, Study your closed loop, none crop, biomass objectives, all over again.

If you don’t have permaculture in your design, forget your integration model, it is simply flawed.

If your GTL is OFF, then get out now. You can’t get there from here without this extremely important phase. BTL without GTL advancements is still 5 years away from the projected target yield. If your not addressing the two key price reduction demands now with all your time and money, then you still will not get there.

It’s not a matter of producing. It is a matter of producing at an affordable price over time. Even if you find the price reductions in every key area, operations is still demanded to prove commercial success. The risk from here is still extremely high that no profit will ever be made even with all the work that has been done. This is why, throwing money at the problem has never been the answer. What is required is time for research. Something most simply do not wish to give without the price that is required to be paid. A lifetime of work, while still not knowing if it will be cost effective. That is the true cost of this research.

Anyone who tells you different is blowing smoke up their own rear end and serves you no purpose. You can’t dream up the yield per ton, or pray for the cost per gal. to magically go down, without better science. We have the best in their field exhibiting very exciting promise & yet we are smart enough to know we are still years away from anything proven. We are also smart enough to know the sub systems must be cost effective to BUILD, AS the construction costs must come down, while operating expenses are reduced. The math becomes fuzzy directly related to the size & the never ending cost over runs, which no one wishes to address.

What you don’t do is start out with a production yield objective of 200,000 gals a day. This is throwing money at the problem. Massive mistake.

The only way to get costs in line is to reduce the plant size from the start. If you have fixed numbers per sub system, we are buying. If you have proven operations we are buying. Otherwise don’t waste your time here. The fact that storage, transportation, distribution, expenses, across the board, is not even addressed & speaks vols. to the lack of understanding with regard to total integrated production costs.

This is not simply downstream. This is midstream coming together with downstream. If your not on that over all cost expense demand number, your off by a MILE.