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The full economic benefits of ethanol have yet to be realized, but the promise is tremendous.
By design, Coskata's ethanol production can occur anywhere in the world using a wide variety of local source material. This geographic flexibility can provide a tremendous boon to local economies, offering job creation and growth opportunities for rural communities as well as urban environments.
The ability to make fuel from sources such as agricultural waste and municipal solid waste opens up a whole new avenue to achieving energy independence. Coskata's ethanol production will make landfills more efficient, and have a positive impact on the environment.
The United States alone accounts for 25% of global oil consumption, yet holds only 3% of the world's known oil reserves. Most known oil reserves - approximately 60% - are found in sensitive and volatile regions of the globe. An increasing strain on the world oil supply is also expected as developing countries become more industrialized and increase their energy demand.
The costs - economic, social and political - of relying on foreign sources of fuel grow greater with each passing day. The development of domestic sources of renewable energy will dramatically reduce that dependence, creating jobs, domestic wealth and self-sufficiency, in addition to preserving national security.
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