Tuesday, March 31, 2009

The Economic Downturn that has Slowed the Ethanol Industry

Making ethanol from plant cellulose - such as crop residue and wood chips - could help reduce the nation's use of gasoline.

Refiners are required by law next year to start using at least 100 million gallons of cellulosic ethanol. But industry officials acknowledge they will not come close to providing enough of the fuel to meet that target or the targets for subsequent years.

Companies that are trying to commercialize cellulosic ethanol are struggling to find investors and lenders. Read this

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posted by Geetha @ 9:26 PM

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