New Ethanol Fuel Technology

Producers of ethanol fuel have come up with a way to produce ethanol much cheaper and on a much larger scale than is possible from current methods using corn. The new ethanol fuel is called Cellulosic ethanol and can be made using virtually any organic matter including waste products, sewage sludge, any plant material and even coal.

This is set to become the next big thing although it's doubtful whether it could totally replace fossil fuels. There could be some good investment opportunities in the coming years with this type of renewable fuel and considering Goldman Sachs the world's largest investment bank, invested $27 million into Iogen, a Canadian-based biotech specializing in ethanol made from cellulose, this is an area to keep an eye on.

Super ethanol is on its way
"Cellulosic ethanol, the biofuel that differs from corn-based ethanol in that it can be made from pretty much any organic matter, has made an impression among people who matter.

Alan Greenspan, the revered former chairman of the Federal Reserve with a big distaste for irrational exuberance, recently sang its praises before a Congressional hearing on energy security. Greenspan said cellulosic ethanol is the only alternative energy source that could be produced in enough volume to make a dent in gas usage." CNNMoney

# Ethanol News