Primafuel wins the WEF Technology Pioneer Award

World Economic Forum: Bioenergy tops agenda Biofuel companies debut among Tech Pioneers

Davos, Switzerland, January 15, 2008 - Biofuel companies are among the winners at this year’s World Economic Forum (WEF). Biofuel specialist Primafuel will be awarded the coveted WEF Technology Pioneer Award, which in previous year was given mostly to Internet companies. The WEF expects the bioenergy subject to to be leading the agenda this year.

"In the energy/environment field, we have received many more applications than last year. What's interesting to see is that in the past, the great majority of these companies were working on batteries, solar solutions or wind energy, not biofuels. This year, biofuels are getting more interest from investors and entrepreneurs,'

says Rodolfo H. Lara, Head of Technology Pioneers and Knowledge Integration Center for Global Growth Companies Global Leadership Fellow.

Professor Christoph Frei, Senior Director, Energy Industries & Strategy at the World Economic Forum, adds:

'Biofuels have become the subject of a highly controversial discussion during which the potential positive contribution has recently been understated. It is important to understand that there are ‘good’ and ‘bad’ biofuels and hence there is a need for splitting the wheat from the chaff and for making biofuels traceable through the supply chain. At the World Economic Forum and also in the Roundtable on Sustainable Biofuels, these issues find enormous interest and at the forthcoming Annual Meeting we have a number of large companies and Tech Pioneers in the Bioenergy field who want to work towards a bright bioenergy future."

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