GM Takes Stake in Small Biofuels Firm - The Associated Press

GM Takes Stake in Small Biofuels Firm - The Associated Press

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GM Takes Stake in Small Biofuels Firm The Associated Press - 5 hours ago "We want to rapidly commercialize biofuels in the US so they're available to everyone at a competitive price, and this is a very huge step in that," said ... GM to partner with biofuels start-up Coskata BloggingStocks GM Extends Biofuels Leadership with Coskata Partnership SunHerald.com GM invests in 'trash to ethanol' start-up CNET News.com all 292 news articles

GM Takes Stake in Small Biofuels Firm - The Associated Press
Biofuels FirmGo to Google NewsGM Takes Stake in Small Biofuels FirmBy DAVE CARPENTER – 5 hours ago WARRENVILLE, Ill. production side of non-fossil fuels as GM and its rivals, under pressure from tougher U.S. fuel-efficient vehicles and technologies."We want to rapidly commercialize biofuels in the U.S. environment, energy and safety policy.Rapidly doesn't mean overnight. biology-based technology won't be available at retail gas stations until the end of 2010 at the earliest.But the Illinois company maintains its process is commercially viable now and is a platform for producing other biofuels in the future. production the company will be able to make ethanol for less than $1 a gallon. fuels are coming faster than people think ... production of flexible-fuel vehicles, with 6 million U.S. biofuels to meet renewable fuel standards and reduce dependence on foreign oil.GM has pledged to double its annual flex-fuel production to 800,000 by 2010 and make half its annual production E85-capable by 2012. producers, calls the shift "an unstoppable trend."David Cole, chairman of the independent Center for Automotive Research, which receives a small part of its funding from auto companies, says GM's move reinforces that U.S. biofuels, the resource base is very, very large and you're talking about fuel at a buck a gallon. Energy Security Act that President Bush recently signed into law mandates 36 billion gallons of biofuels — principally ethanol — as automotive fuel by 2022 and every year afterward. alternative fuel," spokesman Alan Adler said.On the Net:General Motors Corp.:http://www.gm.com Coskata Inc.:http://www.coskataenergy.com Hosted by Copyright © 2008 The Associated Press.