Corn-based ethanol producer says it will soon compete with gasoline

The Washington Post
By Steven Mufson
Washington Post Staff Writer
Wednesday, November 18, 2009; 12:16 PM

The nation's largest producer of corn-based ethanol said it has slashed the cost of producing cellulosic ethanol from corn cobs and that it will be able to compete with gasoline in two years.

POET, which currently produces 1.5 billion gallons a year of ethanol from corn, said its one-year old pilot plant has reduced the cost of making ethanol from corn cobs from $4.13 a gallon to $2.35 a gallon by cutting capital costs and using an improved "cocktail" of enzymes.

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