General Motors Invests in Alternative Fuel Startup that Makes Ethanol from Waste Products

Natural News.com
Sunday, August 03, 2008 by: David Gutierrez

(NaturalNews) General Motors (GM) has invested in a startup company dedicated to the production of ethanol from waste products, chief executive officer (CEO) Rick Wagoner announced at the North American International Auto Show in Detroit.

Wagoner said that GM has purchased an equity stake in Coskata, a company that aims to synthesize ethanol from crop waste, scrap plastic, rubber, wood chips and even regular garbage. He did not say how big a stake the company had purchased.

GM has already invested in the production of so-called "flex-fuel" vehicles, which are capable of running either on standard gasoline, gasoline with 10 percent ethanol, or an 85-15 ethanol-gasoline mix.

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