It uses vegitable oid and alcohol to produce biodeisel. I doubt this can be used because (1) we do not have that much vegitable oil and it is expensive for car to use. (2) alcohol itself can be used fuel for cars already. Why bother to go through extra step?
bio diesel would be used for transportation (trucks, trains, machinery)where alcohol isn't very efficient.
I was at an operation in Maylasia that was knocking out 40cents a gallon diesel fuel from oil palms (three cycles a year). Nano is going to be a great field for energy production. Getting the thermal out of alcohol production will be very helpful as well.