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Switchgrass grew 10ft high all over the midwest
before Americans settled here.

2006-07-16 04:46:44 · 3 answers · asked by Olivia 4 in Environment

3 answers

Goldman Sachs thinks it is a good idea and so do I:

"Goldman Sachs Invests $30 Million in Iogen

Iogen Corporation announced May 1st that Goldman Sachs & Co. has invested $30 Million (CDN), ($27 million US) in its renewable cellulose ethanol technology. Iogen operates the worlds largest pilot/demonstration plant that makes cellulosic ethanol.

Goldman Sachs' investment gives it a minority stake in Iogen, the only company to be operating a demonstration facility that converts agriculture materials like straw, corn stalks, and switchgrass to ethanol. Goldman Sachs joins the Royal Dutch/Shell Group as a major investor. The funds will be used to accelerate Iogen's commercialization program.

2006-07-16 05:25:59 · answer #1 · answered by Engineer 6 · 9 1

Here's another question. What's wrong with putting your lawn in your gas tank? The point is that Switchgrass is not a very good source of E85 Ethanol, we might as well stick to corn. Before Americans settled there too, but 1. Back then, there were no things as cars and basically no need for gasoline. and 2. we aren't going to be able to grow 10 ft. tall switchgrass to process into biomass fuel before it all runs out at the rate we are consuming fuel. A very analytical idea though, nice job. We need creative minds like you to help find new sources of fuel.

2006-07-16 05:09:46 · answer #2 · answered by Anonymous · 0 0

I think its a good idea, but the problem is that oil companies will say its too dificult or uneconomical or something like that, because it will directly affect their profits. So it won't happen. You would think ethanol fuels would be cheaper, but they aren't because of stuff like that.

2006-07-16 08:51:36 · answer #3 · answered by Ryan rox 3 · 0 0

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