Several next-generation developers of biofuels are entering the low-volume, high-margin market of specialty chemicals, waiting for the costs of advanced biofuels to go down and technologies to improve, analysts and executives said. "Some people think biochemicals are a crutch on the way to fuels," said Jonathan Wolfson, CEO and co-founder of Solazyme. "We haven't thought about it that way in many, many years."

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