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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 VP.
Originally posted by DimensionalDetective
People should be all over this IMO. If it's not contributing to food shortages and is that cheap to make, then it's a no-brainer. That's what gas was like 20 years ago, price-wise.
Originally posted by NGC2736
Edit to add: let's flag this so it gets a lot of attention. We're now a 'go to' site for the news, and this needs to be looked at by a lot of people to see if it can be up and running as soon as practical.
[edit on 26-1-2008 by NGC2736]
Originally posted by Mekanic
reply to post by SimonSays
You won't see it at $1.00 by the pump. It may only cost $1.00 to produce, but you can bet you life that the gov will tax the hell out of it. One thing you have to remember about fossil fuels, diesel and gasoline, is that they are heavily taxed. Your price at the pump isn't all OPEC's money. Once Uncle Sammy finds out he's losing money because of a cheaper, cleaner fuel, there will be a tax imposed. No, it won't be $1.00, but it also will not be $3.00 either.
A new study by Stanford University claims 200 more respiratory deaths will occur a year if all cars switched from gasoline to ethanol. The study claims ethanol use in vehicles will cause ozone levels to raise, ozone (Health Effects of Ozone)is an irritant and damages the lungs. The study also claims the burning of ethanol also produces two carcinogens, Formaldehyde and Acetaldehyde.