While no one has yet figured out how to successfully make commercial cellulosic biomass ethanol
(i.e., ethanol from varied plant parts, not just corn or soybeans), MRG
and Fuji-Keizai have released a report
on the future of commercial ethanol production and have included cellulosic ethanol in the picture. The report, U.S. Bioethanol & Cellulosic Ethanol Markets & Future Directions, says that successful cellulosic production is "within view".
The $995 report (PDF for $1,495) considers the way ethanol fits in the overall energy economy, comparing it to gasoline, its land-use requirements, how much ethanol will be produced – and what revenue will be from that production – each year between now through 2010.
[Source: MRG, Inc.]