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Cheap Ethanol For $1 A Gallon
By Mr Ethanol | January 28, 2008
Business Opportunities:
A biofuel startup in Illinois can make ethanol from just about anything organic for less than $1 per gallon, and it wouldn’t interfere with food supplies, company officials said.
Coskata, which is backed by General Motors and other investors, uses bacteria to convert almost any organic material, from corn husks (but not the corn itself) to municipal trash, into ethanol.
“It’s not five years away, it’s not 10 years away. It’s affordable, and it’s now,” said Wes Bolsen, the company’s vice president of business development.
The discovery underscores the rapid innovation under way in the race to make cellulosic ethanol cheaply. With the Energy Independence and Security Act of 2007 requiring an almost five-fold increase in ethanol production to 36 billion gallons annually by 2022, scientists are working quickly to reach that breakthrough.
Topics: Cheap, Ethanol Prices, Money, News |
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