An energy giant and one of the world's largest forest products companies may partner to attempt to develop commercially viable cellulosic biofuels.
Chevron Corporation and Weyerhaeuser Company today announced a letter of intent to jointly assess the feasibility of commercializing the production of biofuels from cellulose-based sources.
The companies will focus on researching and developing technology that can transform wood fiber and other nonfood sources of cellulose into economical, clean-burning biofuels for cars and trucks. Feedstock options include a range of materials from Weyerhaeuser's existing forest and mill system and cellulosic crops planted on Weyerhaeuser's managed forest plantations.
Chevron CEO Dave O'Reilly admits that "there are several research and technology hurdles that will need to be addressed before large-scale commercialization of cellulosic feedstocks occur," but asserts that "both partners share the objective of sustainable commercialization of these fuels at industrial scale."
"Crops created for and dedicated to fuel feedstocks offer the opportunity to augment value creation from our managed forest lands," says Weyerhaeuser CEO Steven R. Rogel.