Toyota Motor Corporation eyeing using new biofuel for cars by 2020

NAGOYA (JAPAN): Toyota Motor Corporation said it will step up development efforts to make commercial use of a new biofuel by 2020, with an eye toward marketing a hybrid vehicle powered by the environment-friendly fuel.

For the biofuel, Toyota has already developed an ethanol-producing yeast through efficient fermentation of sugar from napier grass, an inedible tropical species of grass.

The biggest Japanese automaker plans to devise a low-cost way of producing the biofuel by 2015, in the course of achieving its practical use by 2020.