funding support to several private companies and public institutions
to develop a suitable conversion technology using which cost of
ethanol production from cellulosic feedstock can be brought down
significantly. Already, federal government has provided a funding of
$1 billion for promoting research in developing a commercial viable
conversion technology for producing cellulosic ethanol (Curtis, 2008).
It is expected that the successful demonstration of at least one
conversion technology on a commercial scale will help in increasing
the confidence of investors in cellulosic ethanol production and thus,
will help in achieving the policy target of producing 21 billion gallons
of cellulosic ethanol by the year 2022.