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BloggingStocks.com – January 13, 2008
I am very intrigued with biofuel as an alternative source of liquid fuel to propel our trucks and automobiles down the road. This source combined with plug-in electric technology seems like a very effective method of breaking our addiction to liquid fossil fuel.
General Motors announced this weekend at the North American International Auto Show in Detroit that it would partner with Coskata Inc., an Illinois-based renewable energy start-up company that plans to produce ethanol from agricultural, municipal, and industrial waste byproducts.
But Coskata’s cellulosic ethanol won’t be available at retail gas stations until 2010 or later. The company maintains that its process is commercially viable already. It plans to open a 40,000-gallon demonstration facility by the end of this year to deliver ethanol to GM for vehicle testing, before building a 100-million-gallon commercial plant at an undetermined U.S. location.
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