mattnyc99 writes "We've gotten excited here about the startup that claims it can make $1/gallon ethanol out of anything from trash to tires. But we've also seen how cellulosic ethanol is a better option, and how ethanol demand in general is only adding to the worldwide food crisis. So what about $1/gallon gasoline? NSF-funded researchers at UMass Amherst just completed the first direct conversion from cellulose using a new method of hydrocarbon refining, which they claim can be commercialized within 5-10 years and essentially make fuel out of anything that grows. Quoting: 'We already have the infrastructure in place to distribute liquid fuels. We're using them to power transportation vehicles today, and I think that's what we'll be using in 10 years and in 50 years,' Huber says. 'And if you want a sustainable liquid transportation fuel, biomass is the only way to go.'"
The process is running at about 50% efficiency now; the $1/gallon figure is based on getting to 100%.