Industry Source Consulting Inc (INSO)

[Loyalhound]

To update the potential competitor in Maine (Thermogen):

According to a local newspaper, the money for their project will involve neither a federal government grant or loan, but is to be funded by the state of Maine.

Also, the company was asking for $25 million, but that was cut by a board vote from $25 million down to $16 million, $9 million less than what the company wanted.

In addition, the article states that Thermogen is only looking to make bio-coal, not bio-coal and bio-char.

Finally, Thermogen's project is a start-up endeavor that's currently in the planning stage, so where they'll get the rest of the money they need to build and manufacture is anyone guess at this point.

Hope this helps clarify a few things.

Loyalhound