Mascoma, which hopes to make cellulosic ethanol out of old wood chips and weed-like plants, will hold a groundbreaking ceremony on Monday for its first plant that is expected to start producing fuel by the end of 2008.
The plant, in Rome, N.Y., will be capable of churning out 500,000 gallons of fuel a year when fully operational. While that sounds like a lot, it's small for the fuel industry. (Americans consume about 150 billion gallons of gas a year.) Thus, the plant will serve as a showcase for Mascoma's technology. The company, a spin-out of … Read more