Can Ireland be the next Saudi Arabia ?

Ireland... and its green grass, you can find all over the place. May be this grass can be the new source of richness for Irish, it turns out a Canadian company has developed a new process to create ethanol from the left-over of corn/cereal production, which means basically been able to make ethanol from cellulosic material. Some scientists have tried to calculate the yield by using switchgrass. And now we can dream of producing bio-fuel just by lawn mowing your garden. May be a whole industry could emerge in Ireland, based on shamrock-fuel ?