CERAWeek: So how much will bioengineered fuel cost?

The audience asked Craig Venter for cost estimates on how much these designer-bug-made biofuels would cost?
“There’s nothing that should cost more than corn to ethanol,” he said. “Sugar cane to ethanol in Brazil works very well.”
The notion of creating methane from CO2 eliminates the cost of the feedstock, Venter said, so the cost would mainly be the capital costs of the plants.