Volt to use ethanol as well as electricity

Volt.jpgThe blog has been following the development of GM’s new all-electric car, the Chevrolet Volt, with interest, ever since Pedro Spohr of Galp in Portugal highlighted its potential to impact naphtha balances.

Of course, it won’t do this on its own – but GM’s adoption of the technology makes it essential for other manufacturers to follow suit.

The Volt’s launch is scheduled for next year, and now ICIS news reports that GM say it will run on E85 blend ethanol, as well as electricity. It is part of a trend that led BP’s CEO, Tony Hayward to forecast last week that gasoline consumption in the western world probably peaked in 2007.

This has to be good news for the chemical industry, over the medium and longer-term, as it means the competition with gasoline for oil-based feedstock supply will become easier.

About Paul Hodges

Paul Hodges is Chairman of International eChem, trusted commercial advisers to the global chemical industry. Paul is also an invited member of the World Economic Forum’s Global Agenda Council. The aim of this blog is to share ideas about the influences that may shape the chemical industry over the next 12 – 18 months. It will try to look behind today’s headlines, to understand what may happen next in important issues such as oil prices, economic growth and the environment. We may also have some fun, investigating a few of the more offbeat events that take place from time to time. Please do join me and share your thoughts. Between us, we will hopefully develop useful insights into the key factors that will drive the industry's future performance.

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