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Global Sea Ice Extent

September 17th Data:

Arctic Sea Ice: 1.2 Million km

Antarctic Sea Ice: 1.5 million km

Net Global Sea Ice Deviation: 0.3 million km

Forget Corn: Mushrooms May Hold Key to Energy Crisis (Update1)

Quote From Source:

Nov. 7 (Bloomberg) -- A solution to the world's energy problems may lie in a Chinese mushroom growing in Novozymes A/S laboratories.

The Danish company's scientists in China, Brazil, Denmark and the U.S. are testing mushrooms and lichen to find one that will turn corn cobs and sugarcane stalks into biofuel. An affordable alternative to gasoline made from plant waste would end concerns that global hunger for energy is driving up food prices worldwide.

Novozymes said it will find the answer by 2010, getting to the market before its closest rival, Danisco A/S.

``We're not going to solve today's energy shortage with food,'' said Per-Henrik Graesberg, a DnB NOR ASA fund manager who directs almost $200 million in renewable energy investments. Graesberg is considering buying Novozymes shares after selling off earlier this year. Second-generation biofuel ``is one of the main reasons'' to invest in the sector, he said.



Source Bloomberg
Source URL:
http://www.bloomberg.com/app...=aqf2JJ0iGYBE&refer=home

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3 comments to Forget Corn: Mushrooms May Hold Key to Energy Crisis (Update1)

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