There is no free lunch.
FWIW:
Quote:
For ethanol contaminated with larger amounts of water (i.e., approximately 11% water, 89% ethanol, equivalent to 178 proof ethanol), considerable engine wear will occur, especially during times while the engine is heating up to normal operating temperatures. For example, just after starting the engine, low temperature partial combustion of the water-contaminated ethanol mixture takes place and causes engine wear. This wear, caused by water-contaminated E85, is the result of the combustion process of ethanol, water, and gasoline producing considerable amounts of formic acid (HCOOH, also known as methanoic acid and sometimes written as CH2O2). In addition to the production of formic acid occurring for water-contaminated E85, smaller amounts of acetaldehyde (CH3CHO) and acetic acid (C2H4O2) are also formed for water-contaminated ethanol combustion. Of these partial combustion products, formic acid is responsible for the majority of the rapid increase in engine wear.