 The consortium plans to produce 250,000 kilolitres (1.6 million barrels) per year of bioethanol by March 2014, and produce bioethanol at 40 yen ($0.437) per litre (about $70 a barrel) by 2015.In March 2009, Honda Motor announced an agreement for the construction of a new cellulosic ethanol research facility in Japan.The new Kazusa-branch facility of the Honda Fundamental Technology Research Center will be built within the Kazusa Akademia Park, in Kisarazu, Chiba.