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Cutting The Cost Of Ethanol, Other Biofuels And Gasoline

 
Biofuels like the ethanol in U.S. gasoline could get cheaper thanks to experts at Rutgers University-New Brunswick and Michigan State University.
 
They've demonstrated how to design and genetically engineer enzyme surfaces so they bind less to corn stalks and other cellulosic biomass, reducing enzyme costs in biofuels production, according to a study published this month on the cover of the journal ACS Sustainable Chemistry & Engineering.
 
"The bottom line is we can cut down the cost of converting biomass into biofuels," said Shishir P. S. Chundawat, senior author of the study and an assistant professor in the Department of Chemical and Biochemical Engineering at Rutgers University-New Brunswick.
 
Typically, the enzymes tapped to help turn switchgrass, corn stover (corn stalks, leaves and other leftovers) and poplar into biofuels amount to about 20 percent of production costs, said Chundawat, whose department is in the School of Engineering. Enzymes cost about 50 cents per gallon of ethanol, so recycling or using fewer enzymes would make biofuels more inexpensive.
 
In the United States, gasoline typically contains up to 10 percent ethanol and corn grain is the primary feedstock of ethanol, according to the U.S. Energy Information Administration. Biorefineries produce about 15 billion gallons of ethanol a year.
 
In the last few years, some refineries began converting the inedible parts of corn plants into ethanol, Chundawat said.
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U.S.-China Trade “Truce” + U.S. Fed Cuts Rates Again

Video: U.S.-China Trade “Truce” + U.S. Fed Cuts Rates Again


The market was hoping for a US-China trade deal, but we got a trade “truce” for now from the keenly awaited Trump-Xi meeting at the APEC Summit.
China commits to minimum purchase commitments of 12 MMT of U.S. soybeans during the “current season” and a minimum of 25 MMT annually through 2028.
U.S. Treasury Sec Bessent said other Asian countries have agreed to buy additional 19 MMT of US soybean.
Soybean futures trading above $11 now- they normally tend to rally to $12.
As expected, US Fed cuts interest rates by -0.25% again in October to 3.75%–4.00%. No further cuts promised for this year but trade looking out to the Dec FOMC.
The Bank of Canada cut interest rates to 2.25% but raised concern over trade war damage.
Soy meal futures, remarkably, have had 14 consecutive higher close sessions. A bull market in soybeans is a bull market in soy meal!
Cattle futures lower as funds unwind out of cattle for now due to Trump headlines and objective to lower beef prices.
All major stock indices climb to new record highs. It was Mag 7 reporting week, which had mixed results. But we now have the first $5 trillion company in Nvidia!