GM Takes a Stake in Ethanol Maker

[GreenGreenLimaBean]

interesting stuff...cellulose ethanol maker that claims $1 per gallon cost....i hope they are right...i believe all electric will win in the long run....

"Here's a tough sell. General Motors (GM) thinks it can make ethanol a big player in the quest to cut greenhouse gas emissions and wean America from its addiction to foreign oil.

GM is so adamant that ethanol can be a good solution that the automaker bought an undisclosed stake in Coskata, a private Warrenville (Ill.) company that claims it has developed an advanced process to make ethanol cheaply. GM announced the move Jan. 13 at the Detroit Auto Show.

GM and Coskata say that the company's highly efficient methods for making ethanol can take away many of the problems that have kept the fuel on the back burner. First, they plan to use agricultural waste and household garbage to make ethanol, which means fuel production wouldn't push food prices up. And second, Coskata claims its production will be so efficient that it won't give back all the oil savings just making the stuff."

for the rest:

http://businessweek.com/lifestyle/content/jan2008/bw20080111_703972.htm?chan=top+news_top+news+index_businessweek+exclusives

check out their site:

http://www.coskataenergy.com/

[sentelle]

1. I wonder

I wonder if they are doing it so that they can shut it down.

[Buzz Clik]

2. My thought exactly. Another electric car fiasco.

[OKIsItJustMe]

3. Apparently, it's PR

http://www.gm-volt.com/2008/01/13/breaking-bob-lutz-says-driveable-chevy-volt-mules-in-june-not-easter/

...

Asked about the financial relationship with Coskata, the new ethanol producing partner, he says “we took a tiny little bit of equity in Coskata”. In explaining why GM is doing it besides altruism he said “We would like to take the automobile out of the firing line for being involved in everything from global warming to funding terrorism.”

...