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Ethanol for $1 a Gallon
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.
Photo by The Library of Congress.
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Jim Peake on January 26th, 2008 6:04 pm
If this is all that it is cracked up to be then I would sell the idea to the Federal Government there have to be a lot of willing buyers who would love to get their hands on this technology. They buy a lot of fuel.
Darren on January 27th, 2008 7:50 am
Very interesting. But I would say it’s unlikely that any true innovation is being driven by some arcane government mandate. Innovation is driven by profit-making opportunities in the market.
Riviera on January 27th, 2008 4:14 pm
Very amusing indeed, and I quite suspect that the oil companies / Monopoly have nothing to integrate concerning this type of operation. This is none other than a sad attemp at making us all realize how bad our “shape” is…
I am so glad that telecommuting is at my disposal, and as prices of fuel rise, which is inevitable, my costs will always be stabilized by frugal behaviour!
http://homejobsite.blogspot.com/
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