Houston, United States [RenewableEnergyWorld.com] The Alternative Energy Technology Center, Inc. has announced its plans to produce ethanol for the U.S. market for less than US $1 per gallon. AETE plans to refine cellulose biomass into fuel products using its proprietary technology.
Most new automobiles built in the U.S. are equipped to run on 85% ethanol. To fuel these cars ethanol is set to expand significantly. With corn prices at more than US $5 per bushel, current plants spend nearly US $2 to produce a gallon of ethanol that sells for US $2.60.
“One dollar ethanol will allow us to operate profitably without government subsidies or incentives,” said Brown Marks, AETE’s president. “We expect to produce over 100 gallons of fuel per ton of cellulosic biomass, which costs about US $65 in today’s market…We use a low energy input design to increase efficiency and we can place our plants wherever there is abundant biomass available.”