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The greatest promise for biofuels is to produce a combustible liquid fuel from any kind of waste material. That’s what Coskata, a startup company with investment capital from General Motors,  claims it can do with new, patented technology. (Read "GM invests in cellulosic ethanol.") Yesterday, the company said it got one step closer to that goal with the launch of a demonstration plant in Madison, PA. 
Coskata claims it can convert any type of waste material containing carbo…

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