But I think there would be enough opportunities in the biomaterials space going forward such as 2G space because of a very beneficial use of ligno-waste. Rest is wait and watch.
This maybe true but demand for 2G is constrained by EBP 20 and the need for flex fuel engines. Without SIAM buying into flex fuel engines, the automotive industry may not demand so much Ethanol beyond EBP20. With EV powertrain development already a drag on OEM resources, I am not sure how much appetite OEMs will have for developing flex fuel engines. The global scenario on flex fuels isn’t very encouraging is it?