The world’s largest automaker, GM, has partnered with a renewable energy company called Coskata. The CEO of GM, Rick Wagoner, believes “…making ethanol more widely available is absolutely the most effective and environmentally sound solution” for our gasoline problem.
So what exactly does Coskata do? Founded in July 2006, Coskata is working on producing ethanol, but not just any ethanol, ethanol from crop wastes, wood chips, scrap plastic, rubber and even municipal garbage. A process that promises to require less electricity and natural gas in its production, which ultimately means less carbon released into our environment. Besides seeking to reduce carbon footprints, Coskata also wants to make sure the production cost of making ethanol is under $1/gal, a savings that will be passed on to the consumers. And GM expects to have the first commercial plant producing this ethanol by 2011.
And it seems, GM is ready to go when and if the world decides to convert to ethanol from gasoline (instead of hybrids that use electric power), as many of its vehicles are capable of running on a mixture of 85% ethanol and 15% gasoline.