They state "It costs more than a barrel of oil right now, but in places with a price on carbon of $200 a ton, like what’s enabled through California’s Low Carbon Fuel Standard, we’re competitive". Today, the carbon price in the European cap-and-trade scheme is $81 per ton, and in California it's $29 per ton. So unless they've greatly improved efficiency, they don't have a profitable market.
The EU price is also only that high since about a year ago, two years ago it was about $23 per ton. Even if they were profitable at about $80 per ton, there was little time to scale up production.
The EU price is also only that high since about a year ago, two years ago it was about $23 per ton. Even if they were profitable at about $80 per ton, there was little time to scale up production.