Tuesday, July 3, 2007

Range Fuels Inc. —- a dot-com billionaire's bet that pine trees can be turned into fuel ...

...has received key environmental and construction permits from Georgia for a proposed $225 million cellulosic ethanol plant in Treutlen County.

...In February, the Department of Energy said that six cellulosic ethanol plants were eligible for $385 million in construction and production grants. Range Fuels is in line for $76 million.

..."Corn ethanol is the least desirable form of ethanol in production now," said Jay Hakes, who ran the federal Energy Information Administration from 1993 to 2000.

"To get real benefits of both oil independence and reduction of greenhouse gases, we need to move as quickly as possible to cellulosic ethanol," said Hakes, now director of the Jimmy Carter Library and Museum.

From the Atlanta Journal-Constitution