Japan eyes affordable cellulosic ethanol technology

Newswire

TOKYO, Nov 21 (Reuters) - Japan's Ministry of Economy, Trade and Industry said on Wednesday it aimed to introduce new, cost-efficient technology for producing cellulosic ethanol by 2015 to help reduce gasoline demand in the world's third-biggest oil consumer. METI said one of its main objectives was to cut the cost of producing ethanol from such cellulosic biomass as waste wood and wood chips to 100 yen (91 cents) per litre ($3.45 per gallon) from more than 2,000 yen now. Another ...

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