There have been so many projects announced in cellulosic ethanol in the past five years, it’s hard to keep count. But the list of projects that have completed construction at commercial scale, and publicly established the financial structures for deployment at scale — that’s a list of one, Beta Renewables.
Though the project is tucked away in Crescentino, Italy — it has attracted a steady stream of visitors looking to see what “steel in the ground” really looks like: in a word, massive. A signature investment by Novozymes this year — who probably have seen almost every technology out there — tell us a lot of what we need to know about the company’s prospects.