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"realize its potential" is a grammatically correct and commonly used phrase in written English.
It means to fully understand or recognize the capabilities or possibilities of something. Example: After years of research and development, the company finally released a new product that had the ability to revolutionize the industry. It was up to the marketing team to ensure that the product realized its potential and reached widespread success.
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In order for "ethanol to realize its potential," it is important to understand that the conversion of ethanol is a process called cellulosic ethanol production.
I could have traipsed through the mall, but if the Internet is to realize its potential, it should save me the trouble.
India, the world's largest democracy, can never realize its potential if it does not treat women with dignity and justice.
To realize its potential clinical benefit, it must be transplanted into the right environment and accepted, at least transiently.
We need only realize its potential and prepare ourselves to meet it mindfully, with compassion and courage.
Twitter will either die or fully realize its potential as a massive media empire, it doesn't have other options.
Indeed, Haiphong may eventually realize its potential.
urges them to realize its potential and welcome engineered products.
But many scientists now think the field is about to realize its potential.
Technical, legal and economic choices will affect whether the Internet can realize its potential or not.
However, despite its potential, PD is widely considered pathologically unable to realize its potential.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com