I seem to recall that a few years back, let's say something like 5 years back, the ethanol lobby was here claiming that cellulosic ethanol was a "slam dunk" and that we should all invest in this car CULTure scam.
For instance, here is a thread from almost 4 years ago, on how Iogen "couldn't fail" and how we should bet the lungs of every being on this planet on this sure thing:
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=115x55144">Vinod Khosla's presentation on Ethanol at the MIT Energy Conference
From post #9 we have:
IT is widely recognized that cellulosic ethanol is on a course to be commercially viable in 5 to 6 years (Shell Oil is a major investor in Iogen, a leading company in the development of cellulosic ethanol). BUT WE DO NOT HAVE TO WAIT UNTIL CELLULOSIC ETHANOL IS COMMERCIALLY VIABLE TO START DOING SOMETHING ABOUT OUR DEPENDENCE ON FOREIGN OIL OR TO START REDUCING GHGs.
Meanwhile on planet Earth:
http://bx.businessweek.com/ethanol/view?url=http%3A%2F%2Ffeedproxy.google.com%2F~r%2Fgreencarcongress%2FTrBK%2F~3%2FrG1NIAPH0TQ%2Fiogen-20100112.html">Iogen produced 581,000 liters of ethanol in 2009.
OTTAWA – Iogen Corporation today announced that its cellulosic ethanol production in 2009 topped 581,000 litres, more than doubling the firm’s 2008 fuel production, and
surpassing the one million litre mark in cumulative production since 2004.
No word, of course, on what it cost to produce that much. Note the use of liters rather than gallons to make the word seem bigger. A barrel of oil is 117.3477 liters, meaning that the entire company produced about 5000 barrels of ethanol after receiving $500M in investments.
That's a mere $100,000/barrel. A bargain!
Amory Lovins should look into this business: There's a hell of a lot of wishful thinking fleecing that could follow from this line. It's almost as profitable as getting big pay checks to greenwash Conoco, Royal Dutch Shell, Chevron...
Great stuff about the cow culture too...
That's what every environmentalist needs, more cow greenwashing.