Toyota to Make Their Own Fuel
February 11, 2009 by admin
New reports from Reuters say that ToMoCo, along with other Japanse firms, will work to develop low-cost cellulosic ethanol.
The Japanese automaker has mostly steered clear of the biofuel unlike many American brands that are keen to use as much as they can. This probably due the psychology and the agricultural state of the two nations.
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 Toyota in the project, which might use plant and timber waste as a 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).
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