article thumbnail

Geely invests in Carbon Recycling Intl.; vehicles fueled by methanol from CO2, water and renewable energy

Green Car Congress

Their results showed that in comparison with gasoline mode, CO emitted in methanol mode decreased 11.2%. The BIT researchers estimated that a 30% fuel-cost saving could be attained if methanol was burnt even though the price of crude oil has decreased by more than 50%. —Wang et al. Sileghem, L., Wallner, T., and Verhelst, S.

Renewable 150
article thumbnail

Perspective: US Needs to Transition to Hydrous Ethanol as the Primary Renewable Transportation Fuel

Green Car Congress

The oil price shocks of the 1970s led the Brazilian government to address the strain high prices were placing on its fragile economy. The government assisted the shift by giving sugar companies subsidized loans to build ethanol plants, as well as guaranteeing prices for their ethanol products. Donovan, CEO Renergie, Inc.