renewable resources, its use as a fuel, economics, and hazards. Then in 1986, the Swedish Motor Fuel Technology Co. (SBAD) extensively reviewed the use of alcohols and alcohol blends as motor fuels. It reviewed the potential for methanol production from natural gas, very heavy oils, bituminous shales, coals, peat and biomass. In 2005, 2006 Nobel prize winner George A. Olah, G. K. Surya Prakash and Alain Goeppert advocated an entire methanol economy based on energy storage in synthetically produced methanol. The Methanol Institute, the methanol trade industry organization, posts reports and presentations on methanol. Director Gregory Dolan presented the 2008 global methanol fuel industry in China. On January 26, 2011, the European Union's Directorate-General for Competition approved the Swedish Energy Agency's award of 500 million Swedish kronor (approx. €56M as at January 2011) toward the construction of a 3 billion Swedish kronor (approx. €335M) industrial scale experimental development biofuels plant for production of Biomethanol and BioDME at the Domsjö Fabriker biorefinery complex in Örnsköldsvik, Sweden, using Chemrec's black liquor gasification technology. Uses Internal combustion engine fuel Both methanol and ethanol burn at lower temperatures than gasoline and both are less volatile, making the engine starting in cold weather more difficult. Using methanol as a fuel in spark-ignition engines can offer increased thermal efficiency and increased power output (as compared to gasoline) due to its high octane rating (114) and high heat of vaporization. However, its low energy content of 19.7 MJ/kg and stoichiometric air-to-fuel ratio of 6.42:1 mean that fuel consumption (on volume or mass bases) will be higher than hydrocarbon fuels. The extra water produced also makes the charge rather wet (similar to hydrogen/oxygen combustion engines) and with the formation of acidic products during combustion, the wearing of valves, valve seats, and cylinders might be higher than with hydrocarbon burning. Certain additives may be added to the fuel in order to neutralize these acids. Methanol, like ethanol, contains soluble and insoluble contaminants.<ref>Brinkman, N., Halsall, R., Jorgensen, S.W., & Kirwan, J.E., "The Development Of Improved Fuel Specifications for Methanol (M85) and Ethanol (Ed85), SAE' Technical Paper 940764</ref> These soluble contaminants, halide ions such as chloride ions, have a large effect on the corrosivity of alcohol fuels. Halide ions increase corrosion in two ways; they chemically attack passivating oxide films on several metals causing pitting corrosion, and they increase the conductivity of the fuel. Increased electrical conductivity promotes electric, galvanic, and