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International experts to converge in Singapore for second Keystone Symposia Conference on Biofuels
Date:2/16/2011

by 2022 (a $600-700 billion market), based on standards set by various governments for renewable energy use (source: US Department of Energy).

According to Professor Mayfield, the fact that the globe is expected to have completely exhausted its entire supply of liquid petroleum by 2047 (leaving only tar sands and oil shale) means that production of biofuels will need to be at least 50% as great as petroleum production volume by 2050 to maintain existing energy production rates. Since the world demand for energy is increasing at 2% per year, it is projected that by 2050 we will need to be producing the equivalent of 190 million barrels of oil per day or 2.9 trillion gallons per year, half of which (1.45 trillion gallons per year or 1,450 billion gallons per year) will need to come from biofuels.

The conference will convene on the evening of Monday, March 1 with an introduction by Guest of Honor Lim Chuan Poh, Chairman of A*STAR, opening remarks by Professor Charles F. Zukoski of A*STAR's Science and Engineering Research Council (SERC) and a keynote address by Professor Richard C.J. Somerville of the University of California, San Diego on "Speaking Truth to Power: The Scientific Case for Urgent Action to Avoid Severe Climate Disruption." Speakers over the subsequent four days from academia, government and industry will include: Dr. Adam Brown of the International Energy Agency, Professor Timothy Goodenough of the University of Wisconsin-Madison/Great Lakes Bioenergy, Dr. Arthur Grossman of Solazyme, Inc., Professor Lonnie Ingram of the University of Florida, Professor Jay D. Keasling of the University of California, Berkeley, Professor Lee Rybeck Lynd of Dartmouth College and Professor Amaral Weber of Universidade de So Paulo.

Commenting on the upcoming conference, Dr. Keith Carpenter, Executive Director of the Institute of Chemical and Engineering Sciences, said, "Diversifying our resources away from total dependence on crude oil towards
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Contact: Yvonne Psaila
yvonnep@keystonesymposia.org
970-262-2676
Keystone Symposia on Molecular & Cellular Biology
Source:Eurekalert

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