Toyota enters biofuel territory with cellulosic ethanol plan

Auto Blog: Ethanol , Toyota , Japan Not many posts have been written on our little blog here that use both of the following two words: “Toyota,” “ethanol.” Until now, the Japanese automaker has mostly steered clear of the biofuel (with a few exceptions ), unlike the domestic brands that can’t seem to get enough . New reports from Reuters say that ToMoCo, along with other Japanse firms, will work to develop low-cost cellulosic ethanol. Go figure. Mitsubishi Heavy Industries, Toray Industries Inc, Kajima Corp, Nippon Oil Corp. and Sapporo Engineering Ltd, a wholly owned subsidiary of Sapporo Breweries, are all joining the automaker in the project, which might use plant and timber waste as a biofuel feedstock. The group’s goal is to produce 1.6 million barrels a year by 2014; by 2015 they hope to drive the cost down to $70 a barrel (there are 42 gallons of fuel in a barrel, and compare here ). Anyone who’s been to the future should please post in theCar Blog Green what the price of oil will be in 2015. Thanks. [Source: Reuters via Domestic Fuel ] Toyota enters biofuel territory with cellulosic ethanol plan originally appeared on AutoblogGreen on Wed, 11 Feb 2009 08:44:00 EST. Please see our terms for use of feeds . Car Blog Green|Car Blog Green|Car Blog Green|Car Blog Green

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Toyota enters biofuel territory with cellulosic ethanol plan