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What should you take from GESI's update released yesterday?
Green Energy Solution Industries Announces Conclusion for Renewable Energy Project Funding
"...GESI’s project funding has been confirmed."
"We have secured the funds to complete and pursue this Joint Venture with GESI..."
http://ih.advfn.com/p.php?pid=nmona&article=57013188
There it is in black and white, confirmed, completed, concluded. What was this funding agreement again?
"...$50M irrevocable funding, for the construction of a gasification facility which will utilize waste railway ties for production of Green Electricity in Alberta, Canada. "
http://ih.advfn.com/p.php?pid=nmona&article=55746757
Say that out loud to yourself right now: $50 MILLION EQUITY FUNDING AGREEMENT!
So, why build a gasification facility to produce electricity?
"...to achieve a projected $9,000,000 (Canadian Dollars) revenue from sales of electricity through peak pricing through direct marketing of the energy by application and participation as a direct wholesale market participant for sales of electricity into the Alberta market."
http://ih.advfn.com/p.php?pid=nmona&article=52759118
A $50 million asset coupled with at a potential of $9 million in revenue generated annually...it becomes easier to see the big picture valuation potential for GESI as a long term investment. And this is only taking into consideration one gasification facilty. We haven't even touched on expansion once this first facility is up and running.
NVAE Reverse Merger with Algae International Attorney letter filed on Friday.
See summary of what could happen below and decide for yourselves
This reverse merger was first publicised in early July last year. Many of us who regularly post on the board have already bought all we can. However, the price is still a very good entry point to load up. Very good indeed.
As well as the reverse merger, Algae International (AIGI) has also had a private offering of shares, which will be listed at the same time. The share offering has been jointly handled by Alliance Ventures and Regus Advisor's. Regus is a private merchant bank with offices in 11 countries. Regus is clearly a serious player in the Texas and wider USA finance and investing community - amongst other markets.
Regus Website: http://www.regusadvisors.com/
Regus and Algae International Press Release: http://www.prweb.com/releases/2012/4/prweb9374859.htm
Regus 05 November Press Release: http://news.yahoo.com/regus-advisors-announces-reverse-merger-savanna-east-africa-133620789.html
The share offering had a minimum subscription level of $27,000, for shares at $5.50. The private offering closed at the end of January I think and I believe was fully if not over subscribed.
At the time the offering closed, Algae International put out a press release to all on its email list which implied quite strongly that they were planning to move forward with the listing imminently. All the work to clean up the old NVAE shell has been done.
It has also been noted that the attorney who wrote and signed the attorney letter for NVAE, works for Algae International. I think that can also be taken as a good indicator of what Algae International think of the cleaned up NVAE "shell". It would seem that Algae International are indeed ready to reverse into NVAE.
You can see that the private offering was aimed at serious private long term holders and institutions - that's why the share price has been set at that level ($5.50). As you well know, many institution's have a minimum share price they will invest in and won't invest in any company below that share price. That to me seems to say that after conversion, there won't be many freely tradeable shares that people are willing to sell as they will be holding for higher returns.
The news that came out on Friday was widely expected. It had been discussed on the board by me having had contact with the company's previous majority share holder - Philip Verges. He has relinquished his 51% controlling interest. New investors have come on board in the last few weeks as well and earlier in the week, and are holding. Also maybe no trades took place on Friday as it's a long weekend in the USA so people are away with family?
We are also trending on Twitter: https://twitter.com/search?q=nvae&src=typd
There are newer entries on Twitter than I saw on Friday, some names you may already be familiar with on the list! So eyes are on us.
All we are waiting for now is Algae International to file the papers. ETARHEEL filed this very helpful post on Friday explaining what is likely to happen from here on in:
Newby info.:
"An APO is a quick transaction compared to an initial public offering (IPO). At the closing of an APO, the public shell and private company sign merger documents to complete the reverse merger; file a Super 8K with the Securities and Exchange Commission (SEC), which is the required public disclosure of transaction; file a registration statement with the SEC to register the PIPE shares; release PIPE funds from escrow; and issue a press release announcing the completion of the transaction. The company’s stock now begins trading on the OTCBB, reflecting the new valuation."
To be honest, I'm not sure exactly what the new ticker will be as there is already an AIGI listed on OTC Pink sheets.
This is an unusual reverse merger for OTC Markets as a very credible company, which owns the FULL intellectual property rights and the trademark, is reversing into a shell, for access to capital markets.
Algae International's Five Year Profit forecasts seem to suggest strong almost exponential profit growth over the first five year:
http://www.alliance-ventures.net/wp/wp-content/uploads/2012/07/AIGI-ExecSum-55M-ISO_2.pdf
This doesn't take into account any possible government grants or the strength that government contracts will add to the company's balance sheet. Government contracts and maybe even a government grant would speed up their production and develop the 12 sites they have already identified in California, USA.
On top of that, I have been told by Mervyn Price, owner of Regus Advisor's that Algae International intends to start working on overseas markets as well.
In overseas markets, I believe they have two options - to either sign individual licences with companies or licences covering an entire country (more likely). No doubt they will then agree royalty payments with the licencee. This saves them trying to negotiate with international jurisdictions and dealing with all local peculiarities for each new market. Instead this will be done by the licencee.
I presume they will also get a fee on signing the licence. That will then be money in the bank allowing them to expand even further and more rapidly in the USA. If they are given a grant by the US government, that alone will send the share price into orbit.
It's all to play for .... we are just waiting for Algae International to start filings detailing the conversion ratio time table. I think they will start doing that after NVAE's status is upgraded to "current" on OTC markets which I'd expect by Friday of next week.
More news given from BLDW today to follow up yesterdays.
Building Turbines Signs Letter of Engagement With the Accounting Firm of MaloneBailey, to Complete Full Financial Audit, With...
http://ih.advfn.com/p.php?pid=nmona&article=55958348&symbol=BLDW
BLDW
Alternative Energy Company making moves BLDW.
Building Turbines' New Partner ATG-LED, Announces Sale of Approximately $250,000 to Physicians Center Project, in Houston, TX
http://ih.advfn.com/p.php?pid=nmona&article=55938666&symbol=BLDW
Low floater, moves with ease.
Share Structure
Market Value1 $6,198,962 a/o Jan 18, 2013
Shares Outstanding 182,322,416 a/o Sep 30, 2012
Float 10,382,824 a/o Jun 30, 2011
Authorized Shares 500,000,000 a/o Sep 30, 2012
Par Value 0.001
http://www.otcmarkets.com/stock/BLDW/company-info
Iconic skyscrapers find new luster by going green
NEW YORK (AP)
...That's because in recent years environmental retrofits have begun to pay off for owners and tenants alike. Higher-profile companies are seeking out more efficient office space, and new technology at older buildings has started to translate into higher property values, leases and occupancy rates...
http://www.google.com/hostednews/ap/article/ALeqM5g07CTo-5lKBH7lEl8nOx5YnYATJAD99834H80
LLEG - things are quiet now, but it moves on any sort of news. You can't get filled much lower than 0004. Nice business model (converting old industrial structures into biofuel energy plants) and several projects in the works. Check out the MB. Great contributors over there.
Forgot to mention TA is ungagged, OS hasn't moved in months.
Check out AWSL -Chatter is picking up on this one. Alt energy, Low floater too. Talk of Pinksheet status upgrade and possibly other news.
This board needs to wake up. Alt energy is gonna be in vogue once healthcare politics die down.
5 Landfill Gas and Geothermal Stocks for Your Clean Energy Shopping List
http://seekingalpha.com/article/146854-5-landfill-gas-and-geothermal-stocks-for-your-clean-energy-shopping-list?source=email
didn't know it has been this long since i've been here.
VGPR is making wood pellets for alternative fuel. Not a bad buy at .006. It should take off soon.
hi lowman, i'm trying to get back to messages for us.
i updated all your chart work that i could. there were some symbol changes too.
i placed it in the ibox...BCON
hi hetty, i placed this in the ibox...DESC
i have this in the ibox now. LFZA
hi bob, i haven't had time to update some here. thanx for com'in
Don't miss LFZA either, I will be in their Mississippi Hdq. tuesday afternoon and hopefully into Mobile Wed. for a visit to IHDR unless they are booked.
hi west, good afternoon. IHDR looks interesting.
IHDR-anouncement thursday will provide huge long term gains...their business model makes them an international mini utility provider of electricity with endless applications world wide.
Only 1.5% of the 508,000 acre BQI position has been explored -
This drilling season, 250 wells will be drilled.
One hundred of those will be used to delineate the current
discovery area.
This could expand the resource to two billion barrels.
An additional 150 holes will be drilled to discover new
areas hopefully similar in size to the Alberta fields.
http://www.investorshub.com/boards/read_msg.asp?message_id=13765474
http://www.investorshub.com/boards/board.asp?board_id=6668
Ludlow Alt. Energy Fund
Ludlow Energy, is a subsidiary of Ludlow Capital, and was created for the purpose of creating an index of renewable and alternative energy stocks. The fund plans to take public an alternative energy ETF (electronic traded fund). Our fund is designed for investors who have a long-term bullish outlook on alternative and renewable energy as a potential investment.
http://www.ludlowcapital.com/funds/energy.html
LUDLOW ALT. ENERGY INDEX
The Ludlow alt. Energy index is an index of US traded alternative energy stocks. Take a look.
http://www.ludlowcapital.com/indices/energy/index.html
DESC crossed above all 4 short term BUY dma's
5 dma of 4.63 obliterated
10 dma of 4.40 obliterated
32 dma of 4.67 obliterated
50 dma of 4.79 obliterated,
now at 5.05 and working to obliterate the 200 dma of $7.29
http://www.investorshub.com/boards/read_msg.asp?message_id=11592804
From Yahoo message board for DESC:
The last 3 trading days averaged 230,714 shares traded for DESC.
2 points-
1) Makes it harder for "boatload" of shorts to buy back their 4,825,109 borrowed shares. (21 days to cover!!, Hardy-har-har,har, HAR!)
2) Last time 3 day avg volume was this low, was June 1st and 2nd of 2005. (I will let you look up the graph to see what happened later that summer)
Okay, 3 points--
3) All this and only 8 days till earnings and conference call means a high possibility of upside volatility coming soon.
Okay 4 points-
One things for sure, shorts are now locked in to their positions through earnings...
and one last point-
If you are long, you should hope for "no news" until cc, to insure max effect from Aug 2nd news "bomb"....
Ka-BOOM!
"NNNNOOO!!!, Ya STUPID RABBIT!! LIKE THIS!!!"
BSLM NEWS 2006-07-12 23:14 ET - News Release
HATTIESBURG, Miss. -- (Business Wire) -- July 12, 2006
Bio-Solutions Manufacturing, Inc. (OTCBB: BSLM)
(Frankfurt: B2T.F) today announced its commencement of its new
bio-diesel venture by combining the recently acquired Bio-Extraction
Services, Inc., (provider of the technology for extracting oil and
grease from food service facilities' grease traps (interceptors) and
municipal collection systems), with the proposed acquisition of
Bioremediation Services, Inc. and its growing network of franchisees.
Franchisees' earnings in the past have been derived from services
they provided to food service facilities for treatment of grease traps
and drain lines and municipal sewer mains, lift stations, and
treatment plants. The oil and grease waste derived from the commercial
cooking establishments is divided into two categories: yellow and
brown grease. There is typically twice as much brown grease per
restaurant as yellow grease, and BSLM technology can handle both
types.
It is intended that all existing franchisees will be required to
upgrade their franchise agreement in order to participate in the
Bio-Extractor program. With the addition of the Bio-Extractor, each
grease trap and lift station can become a small individual oil well,
with the potential to increase revenue to the franchisee and the
Corporation with relatively little add-on costs. Bio Solutions intends
to revamp its franchise agreement for all new franchisees allowing
them to participate in this new bio-diesel feed stock extraction
venture and this represents a significant potential increase in
revenues for both Bio Solutions and its network of franchisees.
According to Michael Silverman, President of Bioremediation
Services, Inc., "This represents a major opportunity for Bio Solutions
- one that we believe can increase corporate and franchise revenues.
The BioExtractor opens the door for franchisees to own and operate
their own individual oil wells, extracting the oils and grease from
food service facilities and municipal treatment facilities that can be
used to produce bio-diesel and other value-added products. This is a
great opportunity and I look forward to the expansion of our company
in this field."
According to U.S. government statistics, the combined potential in
the United States for bio-diesel production is in excess of
1,650,000,000 (1.65 billion) gallons per year and growing rapidly.
This production is potentially of major significance in accordance
with President Bush's plan to combat high gas prices. Bio-Solutions
believes it can produce bio- diesel for less than $1.00 per gallon and
is also entitled to receive a .50 per gallon tax credit for the
refiner, according to President Bush's Four Part Plan Program. See
fact sheet at
www.whitehouse.gov/news/releases/2006/04/20060425-2.html. BSLM, with
its technology for extracting oil and grease (feed stock for
bio-diesel), is seeking to become a major player in this industry.
David S. Bennett, President and CEO of BSLM, states: "Our corporation
is striving to fulfill its mission to help combat the destructive
agents that pollute and harm our environment, in addition to helping
America lower its dependence on foreign oil."
Bio Solutions corporate office anticipates hosting a major
training session for new franchisees and recruits in September 2006.
About Bio Solutions Manufacturing, Inc.:
Bio Solutions has developed superior microbiological products for
waste bioremediation. Bio Solutions currently services many municipal
collection systems and a growing number of food service facilities in
the United States. The company's products have been approved by an
ever-growing number of municipalities for use in food service
facilities that produce waste products introduced into the municipal
collection systems. Bio-Solutions' products treat waste in an
environmentally friendly and safe manner in compliance with Federal
and State government standards.
Bio Solutions has also developed a line of environmentally
friendly cleaning products that include an all purpose cleaner, carpet
cleaners, concrete and asphalt cleaners, and floor soaps. With these
lines of products, it is enabling Bio Solutions to broaden its
customer base to residential areas as well as to businesses and
municipalities.
Bio Solutions has acquired a unique patented grease extractor to
be used in conjunction with bioremediation solutions to extract
desired oil and grease to be converted into value-added products.
DESC NEWS!!!
Northern Power Signs Strategic Agreement Focused on Implementing Wind Power in Alaska
11:31 a.m. 06/26/2006 Provided by
WAITSFIELD, Vt., June 26, 2006 /PRNewswire-FirstCall via COMTEX/ -- Northern Power, a subsidiary of Distributed Energy Systems Corp. (DESC), announced it has signed an agreement with two key Alaskan-based contracting firms. The agreement with construction firm STG, Inc. and engineering services firm Hattenburg Dilley & Linnell, LLC (HDL) forms the Alaska Wind Resource Group (AWRG), a cooperative effort dedicated to the turnkey installation, commissioning and service of Northern Power's NorthWind(R) 100 wind turbine systems in Alaska.
The 100-kilowatt (kW) NorthWind 100 wind turbine will be the centerpiece of AWRG's sales and business development efforts. With its direct-drive design and enclosed tower and nacelle, the NorthWind 100 is a proven solution for cold weather environments. To date, the Alaska Village Electric Cooperative (AVEC) has purchased 13 NorthWind 100 turbines to generate lower cost, environmentally friendly power for a number of the 52 rural villages in its service area.
The first three turbines purchased by AVEC have been installed at Toksook Bay, with three more scheduled for installation in the village of Kasigluk this month. Northern Power supplied the turbines, as well as remote monitoring software, system controls, and engineering and wind-diesel integration services. STG, Alaska's preeminent construction management and planning firm, erected the turbines, while HDL performed civil and geotechnical engineering and permitting duties on the Kasigluk installation.
Integrated Group Offers Complete Wind Power Package
Brett Pingree, NorthWind 100 sales manager at Northern Power, stated that the successful work on the initial turbines and a positive relationship with AVEC sparked conversations between the companies. "Together, Northern Power, STG and HDL form a cohesive, tightly integrated group with practical, real- world experience in Alaska," Pingree said. "We are able to provide a superior turnkey system and excellent service, which are both critical in helping these villages avoid high fuel and maintenance costs, as well as gain greater power independence using renewable resources."
Jim St. George, president of STG agreed, adding that, "The unique combination of experience of the parties involved in the AWRG agreement gives us great confidence that we offer the best solution for remote utility customers in Alaska seeking to integrate wind power into their energy portfolios."
Local Technicians Certified to Perform Turbine Maintenance
The AWRG group has also developed a certification course for training Alaska-based technicians to service wind turbines in the field. In March 2006, an initial group of STG technicians completed the course at Northern Power's Barre, VT manufacturing facility, certifying them on the NorthWind 100 wind turbine. Having a team of local, trained experts on-site in Alaska will ensure AWRG customers receive faster response times for any maintenance and repair needs and receive improved overall customer satisfaction.
Northern Power to Host Wind Diesel Energy Conference
Building on the agreement and the group's established AVEC relationship, Northern Power will be hosting a one-day conference in Bethel, Alaska, on June 29, 2006. The conference is aimed at helping community leaders and organizations understand the opportunities, challenges, and processes involved in implementing an effective wind project. Representatives from STG, the Alaska Energy Authority, AVEC, and the Association of Village Council Presidents will attend.
The day's events will include presentations from individuals with recent experience installing wind-diesel systems, and a field trip to an actual site, where participants will have an opportunity to see first-hand how wind systems work and integrate into the broader community.
For more information on the Wind-Diesel Energy Conference, please contact Kelly Griffith at kgriffith@northernpower.com or (802) 583-7230.
About Northern Power
Northern Power designs, builds, installs and services reliable power solutions for commercial, industrial, government, and military customers worldwide. The company also conducts research and development in the areas of renewable energy, distributed generation and hydrogen technology. Northern Power was founded in 1974 and is headquartered in Waitsfield, VT, with field offices in California, New York City and Houston. Northern Power is a wholly owned operating unit of Distributed Energy Systems Corp. For more information, visit http://www.northernpower.com .
About STG
STG is dedicated to providing superior construction management and construction services throughout rural Alaska where the conditions are harsh and locations are logistically challenging. STG's services include design review, project planning support, logistical expertise, budget and schedule development, technical construction documents, and other construction management services for the successful implementation of various construction related projects. STG specializes in a wide variety of commercial construction needs including; Bulk Fuel Systems, Pile Foundations, Diesel Power Generator Facilities, Renewable Energy Systems such as Wind Generation and Waste Heat Recovery, Power Distribution, Communication Towers and Fuel and Water Pipelines. For more information please visit www.stginc.cc .
About HDL
Hattenburg Dilley & Linnell, LLC is a locally owned consulting firm specializing in civil, geotechnical, and transportation engineering. The company provides programming, planning, design and construction phase services on road, highway, water and wastewater, airport, bulk fuel, and site development projects for a wide range of valued clients in Alaska. As one of Alaska's best mid-sized engineering firms, HDLs' mission is to respond to the customer's needs with quality, client-focused deliverables.
This press release contains forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Statements contained herein that are not statements of historical fact may be deemed to be forward-looking information. Without limiting the foregoing, words such as "could," "may," "will" and "would" and other forms of these words or similar words are intended to identify forward-looking information. Northern's and Distributed Energy's actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors. Northern Power Systems and Distributed Energy each disclaim any obligation to update these forward-looking statements.
Factors that could cause results to differ materially from those contained in Northern's and Distributed Energy's forward-looking statements include, but are not limited to, failure of our products and systems to perform as specified or achieve commercial acceptance, the impact of competitive products and systems, and other factors detailed in Distributed Energy's Form 10-Q for the quarter ended March 31, 2006, and other filings Distributed Energy may make from time to time with the SEC.
Amy Klinger, Northern Power, +1-802-496-2955 ext. 7289, aklinger@northernpower.com, for Distributed Energy Systems Corp.
Distributed Energy's CEO to Speak Tomorrow at Thomas Weisel's Alternative Energy Conference in NYC
Wednesday June 14, 12:37 pm ET
WALLINGFORD, Conn., June 14 /PRNewswire-FirstCall/ -- Ambrose L. Schwallie, chief executive officer of Distributed Energy Systems Corp. (Nasdaq: DESC - News), will speak tomorrow (Thursday, June 15th) at 9:00 A.M. (EDT) at Thomas Weisel Partners' Alternative Energy Conference being held this week in New York. Distributed Energy serves the energy marketplace by giving users greater control over the cost, quality and reliability of electric power.
ADVERTISEMENT
Mr. Schwallie will discuss the company's strategic approach and recent progress toward becoming an important provider of global energy systems and services. His presentation will be simultaneously webcast by Thomas Weisel Partners (http://www.tweisel.com) and will also be accessible for 30 days following the conference.
About Distributed Energy
Distributed Energy Systems Corp. (Nasdaq: DESC - News) creates and delivers products and solutions to the emerging decentralized energy marketplace, giving users greater control over their energy cost, quality and reliability. As the parent company of Proton Energy Systems (http://www.protonenergy.com) and Northern Power (http://www.northernpower.com), Distributed Energy Systems delivers a combination of practical, ready-today energy solutions and the solid business platforms for capitalizing on the changing energy landscape. For more information, please visit http://www.distributed-energy.com.
For recent oil and gas news/plays bookmark and visit us daily at The Oil and Gas Pipeline on IHub:
http://www.investorshub.com/boards/board.asp?board_id=5320
Gateway_Stocks
www.tweisel.com
DESC - loaded the boat. BEST AE stock out there.
BCON on the move. Summer season...power outages...this is going to $3 by July 20!!!!!
HHO gas news link....
http://www.techeblog.com/index.php/tech-gadget/first-water-powered-car#more-2261
cashwealth, that was a promo from Jeff Siegel's Green Trader. The company is O2Diesel Corp(AMEX)OTD, I'd check the chart before buying. It doesn't look so hot to me.
Is somebody know a bio-fuel company that is struck a deal with the US Department of Defense to develop a future fuel for the military? It happened about a month ago. Thx.
cw
NNLX, getting noticed!!!
http://www.wicu12.com/news/index.vnss?newsid=1670&type=News
cw
ENOV may be getting ready to break out.
I remember a couple of years ago Tr4 said he had tried buying into this co (it was on a different board), but got tired of waiting for it to do something. I started buying into it about 4 yrs ago and have gotten REALLY tired of waiting for it to do something....many times.
During that time I have gotten to know this co pretty well though and the potential is so incredible that I have just held on and gradually added a little more here and there. It has been painfully obvious that it has been deliberately held back for whatever reason (I have my suspicions), but sometime between now and August, it should really fly.
This co has such tremendous irons in the fire and so many of them, that all it would take is for one to materialize for the pps to go through the roof. There will be a lot more than one.
I know this sounds like an over-hype but I would heartily recommend that you do some DD. The float is so low that there is hardly any volumn so you don't want to try and "trade" it. It's for sure a buy and hold but some forward splits will surely be forthcoming.
You could start by going to their website. Enovasystems.com
See for yourself.
GLTA
Asia Is Turning to Plants for Fuel
Saturday April 29, 2:06 pm ET
By Michael Casey, AP Environmental Writer
With Oil Prices Rising, Asia Is Turning to Plants for Fuel
FARIDABAD, India (AP) -- Indians know better than to eat the plum-sized fruit of the wild jatropha bush. It's poisonous enough to kill.
But with oil prices surging, the lowly jatropha is experiencing a renaissance of sorts -- as a potential source for fuel for trucks and power stations. The government has identified 98 million acres of land where jatropha can be grown, hoping it will replace 20 percent of diesel consumption in five years.
ADVERTISEMENT
"We have found that we can produce biodiesel from it. If we can keep the price down, the future looks bright," says R.K. Malhotra, who oversees the Indian Oil Corp.'s research center that is running tests on the oil.
India isn't alone. All across Asia, governments are searching for crops that can help them offset a dependence on imported oil that can only skyrocket as their economies soar. Palm oil and sugar cane are the dominant crops in the region, but everything from coconuts to castor oil to cow dung is being tested for fossil-fuel alternatives such as ethanol and biodiesel.
Most experts also believe that, using current technologies, there isn't enough land to make a serious dent in oil consumption. Some scientists say production will consume more conventional energy than it will save, and environmentalists came out this month against plans by Indonesia to convert millions of acres of rain forest on the island of Borneo into palm oil plantations.
Georgia Tech Professor Arthur Ragauskas, who co-authored a study of biofuels published in Science magazine, sees other potential pitfalls.
"One criticism of biofuels is that if you want to go from 2 percent to 20 percent, you would have to direct so much of that agriculture from food to fuel that there would be real competition between the two," he told The Associated Press in a phone interview.
"Even worse, if we have a famine in part of the world, we would have to make a decision as a society between food or fuel."
For now, alternative fuels are less than 1 percent of current fuel usage in most of Asia, and experts say their large-scale use is years if not decades away.
Still, "Every country in Asia is trying to commercialize and put up legislation on biofuels," said Conrado Heruela, a renewable energy specialist with the U.N. Food and Agriculture Agency.
"Right now, the target is not that big but it will be very significant in the long term," he said.
Ethanol, distilled mostly from corn in the United States and from sugar in Brazil and Asia, is mixed with petrol. Biodiesel comes mostly from rape seed in Europe, vegetable oil in the United States and palm oil, coconut oil and jatropha in Asia, and is mixed with diesel.
Ethanol produces 13 percent less greenhouse gases than fossil fuels, a study published recently in Science magazine found, while the U.S. Department of Agriculture says biodiesel can reduce carbon emissions by 78 percent.
Thailand's King Bhumibol Adulyadej has a car that runs on palm oil and has been touting the substitute fuel to his nation for more than 20 years. Today, hundreds of gas stations in the capital, Bangkok, sell gasohol -- gasoline with 10 percent ethanol -- and it's slightly cheaper than regular gas.
Thailand also grants the sugar industry tax breaks to produce ethanol and is following the United States in a plan to replace the toxic fuel additive MTBE with ethanol. Still, supply is not matching demand.
On some Pacific islands, whose isolation makes oil imports more costly and vulnerable to market shifts, power companies are looking for other sources.
"The use of alternative fuels is very much the topic of the moment among the small utilities in the Pacific," said Jean Chaniel, the general manager of Unelco Vanuatu, whose company runs some generators on 5 percent coconut oil.
The Fiji Electricity Authority plans to switch entirely to renewable energy by 2011.
India says it wants to increase its use of renewable energy from the current 5 percent to 25 percent by 2030. Much of this will come from nuclear plants, but it is also examining wind power and other methods including jatropha.
About half of India drives on gasoline with 5 percent ethanol, and the government aims to increase that to 20 percent in the next decade.
In China, the government is promoting ethanol and is financing nuclear, hydroelectric and solar power, aiming to increase renewable energy sources from 7 percent currently to 15 percent by 2020.
High oil prices and rising car ownership mean "there is great market potential to develop renewable vehicle fuel," China's National Development and Reform Commission said in a statement. "Introducing ethanol fuel is good to improve the environment, stabilize grain production, and promote sustainable economic development."
Other countries are using the interest in biofuels to boost their farming sector.
Malaysia, the world's largest producer of palm oil, has issued 10 licenses for plants to produce biodiesel for export, mostly to the European Union, which has mandated that all fuels should contain 5.75 percent biofuels by 2010.
Decatur, Ill.-based Archer Daniels Midland last year announced plans to build a $29 million biodiesel facility in Singapore.
BP is spending $9.4 million to study jatropha in India and in March announced it will produce 29 million gallons of ethanol a year by 2007 in Australia, which aims to substitute 2 percent of oil use by 2010 with ethanol.
British-based D1 Oils is investing up to $20 million mostly in jatropha in India, Indonesia and the Philippines.
The Indian government says it has successfully run dozens of trucks and buses on jatropha-based biodiesel and 18.5 million acres of jatropha saplings are growing along the country's railroad tracks. It intends to start mixing 5 percent or 2.6 million tons of jatropha into diesel by 2007, which would require planting 6 million acres of jatropha.
Seeds from the jatropha fruit are crushed to produce a yellowish oil that is refined and then mixed with diesel. Yields remain open to debate, with the Indian government saying they could be up to 4 tons of biodiesel per acre of jatropha -- or just a fifth of that -- depending on how successfully farmers cultivate it.
It appears to have advantages in Asia over competitors like palm oil, since it can be grown almost anywhere, meaning it won't compete with food crops and so far has not appeared to threaten rain forest and other environmentally sensitive areas.
Chris Chatterton, chief executive officer of D1 Oils Southeast Asia, sees jatropha as "a major competitor with palm oil." And an inedible source is an advantage over rape seed or sunflower oil, he says, because "You are not taking land that would otherwise be used for food ... It is a bit bourgeois to take edible biodiesel so Europeans can drive around in their Mercedes."
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hi T4$, good afternoon.
ethanols and alternative fuels retraced this week after a great start, I believe the high gas prices will bring lots of exposure to the alternative fuel sector, but I dont believe any of these companies will be able to get very far with the current administration. Alternative fuel movement in 2008. Does anyone have any recommendations for next week?
Hi Trade_4_Money. How's it going?
Heavy trading in ethanols and potential ethanols.
I've been watching ACMG, CLME, etc. I'm a little surprised BLDV has not gotten more attention..wonder if I'm missing something, or people are put off by goats.
DKGR looks like its almost ready to go again. Maybe by Wednesday imo. Consolidating very nicely
PLUG, HYGS, DESC moving in Alt. Energy sector, so watch BCON for a move. BCON is due soon imho...1.72 now! Chart looks like it could break soon.
http://bigcharts.marketwatch.com/javachart/javachart.asp?symb=bcon&time=&freq=
PP
Mick, I saw you post an oil futures chart. Just thought I'd let you know that for some strange reason those particular futures charts are always a couple cents/dollars high. Not sure what exchange they follow.
U.S. light, sweet crude (CLc1) fell 59 cents to $74.58 a barrel, down from the $75.35 record high struck on Friday, the fourth consecutive day for a new peak.
hi stepahead, good evening. thank you.
Interesting picks, this week Im expecting news on the EFTI merger, and results from IHDR's secret placement of their mini hydro turbine- the Commander V.Both are at good entry points in my opinion, but be careful with IHDR, bad news would send this one into the ground. Thanks for the tip on CTUM, doing my DD. Good Luck!
i call this one my spider or centipede chart.
STDE, thanks Mick.
Wind, Coal, Alternative Energy Tech/Companies EVEN HYDROGEN FUEL CELLS AND WATER ENERGY WHICH HAS BEEN AROUND FOR A LONG, LONGTIME.
THIS LIST WILL GROW LONG FOR ALTERNATIVE ENERGY.
OUR FORUM WILL COVER ALL ALTERNATIVE ENERGY COMPANIES.
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