INTERVIEW-Credit crisis may delay biofuels development

Newswire

By Gerard Wynn LONDON, Sept 29 (Reuters) - A global pull-back from bank lending may dent the commercialisation of biofuel technologies to replace conventional gasoline, said the chief executive of U.S. cellulosic ethanol firm BlueFire Ethanol . A credit crisis which claimed more bank victims on Monday has raised project finance costs and made ambitious targets to replace replace fossil fuels with renewable energy sources look less achievable. "Longer term, yes... the issue of capital ...

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