In the future, the move toward renewable energy produced in the commonwealth could be a boon for farmers, help industries cut costs, and assist in the battle against climate change. Despite the downturn in fossil energy prices, colleges, hospitals, and companies around the state are tapping into the supplies of biofuels, and researchers at Virginia Tech want businesses and farmers to be able to capitalize on this market.
“We have the opportunity to grow a number of plant species — both existing crops and new species — that could be used for everything from chemicals and fuel to paper. Dedicated biomass crops may also enhance our existing natural resources portfolio by conserving soil and reducing runoff,” said John Fike, an associate professor of crop and soil environmental sciences and Virginia Cooperative Extension specialist who has been conducting studies on the feasibility and costs of biofuels.
Although the cheap price of oil and natural gas in recent years has slowed development of bioenergy and bioproduct systems, the industry continues to push ahead.
Ken Moss, CEO of Piedmont BioProducts in Gretna, Virginia, notes that earlier business models that were based on fuel production alone don’t work well in today’s economic climate. Piedmont BioProducts has taken a different path and is investigating advanced engineering systems to extract high-value chemicals from plants before turning the post-process residues into fuel oil and soil amendments. Others are going old school, using the biomass as a replacement for traditional sources of boiler fuel.