World’s First Commercially Viable Cellulosic Ethanol Plant Online 2009
Range Fuels Inc. announced yesterday it has secured over $100 million in Series B funding, an investment that could make it the first company to seriously commercialize cellulosic ethanol. The first phase of construction will produce 20 million gallons of mixed alcohols per year by 2009, and has the potential to expand to up to 120 million gallons.
Range Fuels says their facility will break down any type of plant material (eg agricultural waste or wood chips) by a two-step thermochemical process. This differs from competing methods of producing cellulosic ethanol, which involve breakdown of plant material with heat and/or acid, and treating it with costly ($0.50/gallon) enzymes.
