New Zealander, Pete Bethune plans to break the world record for a speedboat circumnavigating the world, and he intends to do it using biofuel.
The event will begin in March of 2008. Bethune and his team landed a major sponsor in SGC Energia of Portugal, who will be supplying all of the biofuel needed for the trip.
What a shrewd move by SGC Energia, based in a country famous for its record breaking world explorers, the company is a leading manufacturer of biofuels. The publicity garnered just in sponsoring the attempt will be enormous. Should Bethune and his team succeed, the payoff will be astronomical.
Even a close finish will demonstrate that biofuel is ready for prime-time. New technologies making algae farming for biofuels more economical, being worked on by SGC and a host of other companies, could help make biodiesel a major contender within the next decade.
For more information visit Earthrace.net. In any case, the boat looks really cool.