The New York Times
March 10, 2011, 12:07 pm
By MATTHEW L. WALD
High oil prices are generally bad news for American companies, but one, Gevo of Englewood, Colo., says that $100-a-barrel oil is opening up a niche.
The company bought a factory in Luverne, Minn., that makes ethanol from corn. Ethanol replaces some petroleum but has only one main use, vehicle fuel, and it yields less energy per gallon than gasoline. Gevo will convert the plant to make a different chemical, isobutanol, one of a number of new pathways to butanol, a chemical that can be used for fuel for many other purposes.
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