Bill Gates Joins Group of Ethanol Investors

Wisconsin [] Microsoft Corp. Chairman Bill Gates last week invested $84 million in ethanol, and fellow computer pioneers are following that strategy in anticipation that technology will help wean America from its oil addiction. Cascade Investments LLC, a group owned by Gates, on April 13 bought a stake in Pacific Ethanol Inc. of Fresno, Calif., which says it will become the largest seller of corn-based fuel additives on the West Coast. Vinod Khosla, founder of Santa Clara, Calif.-based Sun Microsystems Inc., the world’s fourth-largest maker of computer servers for networks, is financing ethanol fuel research. Robert Metcalfe, the co-founder of 3Com Corp., is testing a system to convert smokestack emissions into power-plant fuels. …
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