And not a moment too soon.
Meantime, DuPont and BP seem to think they can make butanol (butyl alcohol) from corn, sugar beets, or cellulose at prices competitive with ethanol. Apparently butanol has some important technical advantages, including the capacity to be sent through petroleum pipelines. (Ethanol, which attracts water, can’t be.)
Footnote I wonder what sort of legislation Archer-Daniels-Midland is going to come up with to make this impossible? After all, biomass is even more of a threat to the ADM ethanol racket than it is to OPEC.