This is similar to another story I posted last November.
http://www.wired.com/cars/energy/news/2008/01/ethanol23
Coskata uses existing gasification technology to convert almost any organic material into synthesis gas, which is which is fed to bacteria that consume the gas and excrete ethanol, yielding 99.7 percent pure ethanol.
An environmental scientist at Argonne National Laboratory says Coskata's ethanol produces 84 percent less greenhouse gas than fossil fuel even after accounting for the energy needed to produce and transport the feedstock. It also generates 7.7 times more energy than is required to produce it. Corn ethanol typically generates 1.3 times more energy than is used producing it.