Car Fuel for $1.40 a Gallon?
GreenTech Media
By MICHAEL KANELLOS
Published: January 13, 2010
Think of this as the Gerber of biofuels.
Cobalt Biofuels opened a demonstration plant today in Mountain View, California and says it will begin to commercially produce biobutanol-a liquid fuel that can be transformed into jet fuel, a green chemical for making polypropylene, or an additive for gas or diesel---in 2012.
But will it be economical? Yes, says CEO Rick Wilson. That 2012 plant will produce fuel for around $1.40 a gallon and crank out about a million gallons a year. That total doesn't include shipping and transportation costs but, if Cobalt makes its goals, the fuel will won't be an economic burden for fuel refiners.