Georgia Set to Break Ground on a Cellulosic Ethanol Plant
Who said that Rumpelstiltskin was a fairy tail? If you live long enough, you may just see a man turn straw into gold and Colorado-based Range Fuels is about to break ground on a new fuel plant in Georgia which will turn wood chips into ethanol.
To date in the U.S., ethanol has been produced from corn while in Brazil it’s produced from sugar cane. Range Fuels is backed by Khosla Ventures, a Menlo Park-based VC that is very active in the renewable energy space. The plant is expected to be completed by 2008 with an initial capacity of 20 million gallons of ethanol per year. The plan is permitted for a maximum capacity of 100 million barrels per year.
Some are asking this question. With ethanol prices cut in half and much plant construction on hold, what could Vinold Khosla and the team at Range Fuel be thinking?
Khosla had this to say in an interview with Forbes:
This is ethanol that has 75% less carbon emissions, 75% less land use and 75% less water use.
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