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Sustainable Power Corp Delivers for the Skeptics
HUNTINGTON BEACH, CA, Jun 15, 2007 (MARKET WIRE via COMTEX) -- BioCentric Energy,
Inc. (BCEI), as a follow up on our prior release dated June 8th, announces today
delivery occurred from Iowa of 20,000 pounds of DDGS -- the by-product of Ethanol
production -- to Sustainable Power Corp (PINKSHEETS: SSTP) in Natchez,
Mississippi.
The demonstration will entail utilizing the fully scaled Hydrolysis Pyrolysis
unit, the same of which will be installed in BECI's Mason City, Iowa facility.
The Rivera Hydrolysis Pyrolysis Solution demonstration will blend 50% ethanol
Dried Distiller Grains Soluble (DDGS) and 50% imperfect soybeans to produce their
bonding agent to build E-Diesel.
A host of the top minds in the biofuels arena will view this process next Tuesday
in Natchez. Some of the attendees include Mr. D. Rodriguez - National
Commissioner of Energy from the Dominican Republic, and Admiral Rahamas Lora, who
will accompany Mr. A. Zucco - Secretary of Energy from the Dominican Republic.
The entire Board of BioCentric Energy will be on hand including Paul McGuire,
whose thirty-eight year tenure includes being Senior Business Manager for General
Electric in the development of cogeneration, Syngas and distributive power
projects in the western United States and Canada. While there Mr. McGuire
obtained Six Sigma - Green Belt Certification from the General Electric Company.
Other attendees will include Mr. Jerry Bloom, who recently accompanied California
Governor Arnold Schwarzenegger on his trade mission to China to promote the
integration of alternative energy into China's resource plans, and is a Plasma
Gasification Specialist in Process Engineering for Ethanol & Syngas. Finally, yet
most importantly, he is a representative from U.S. Military Procurement
Department, who expressed extreme interest in the low heat signature attribute
delivered in the Rivera Hydrolysis Pyrolysis Solution biofuel.
Mr. Tortorice, President of BCEI, stated, "For an exact replication of our plans
in Mason City, we had the DDGS feedstock shipped from our future supplier in
Mason City and have retained an independent laboratory to document the entire
process. We also have a film crew coming down to create a documentary of the
Rivera Solution. Now is our time for rapid plant deployment, which will replicate
this low-cost Cellulosic Ethanol solution throughout our great country."
Jack Tortorice went on to state this morning, "We at BCEI know what Mr. Rivera
has created and what an impact the Rivera Hydrolysis Pyrolysis Solution will
deliver for our country. This assembly of knowledgeable humanity is to map out
the delivery mechanism for our part to energy independence and fulfilling our
mission. We at BCEI gratefully consider this daunting task as the culmination of
our professional careers... inform, educate, build trust and deliver the business
that SSTP so highly deserves."
About BioCentric Energy Incorporated
Our team has spent considerable time and treasure in the research and development
to deliver energy to our country from low, no or negative value feedstocks. The
BCEI focus is on the energy business origination and the outsourcing of the
actual technological development, design, engineering, and construction functions
of the build out of the facility are entrusted to our partners.
About Sustainable Power Corp
Sustainable Power Corp is an international green energy service provider focused
on environmentally safe power generation. The company has the exclusive rights to
develop and manage a portfolio of green power plants utilizing the USSEC biofuel
discovery, a renewable fuel source able to be produced from one-fifth of the
soybean acreage traditionally associated with biodiesel. For more information
please visit http://www.sustainablepower.com.
Safe Harbor Statement
Matters discussed in this press release contain forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995. When used in
this press release, the words "anticipate," "believe," "estimate," "may,"
"intend," "expect" and similar expressions identify such forward-looking
statements. Actual results, performance or achievements could differ materially
from those contemplated, expressed or implied by the forward-looking statements
contained herein. These forward-looking statements are based largely on the
expectations of the Company and are subject to a number of risks and
uncertainties. These include, but are not limited to, risks and uncertainties
associated with: the impact of economic, competitive and other factors affecting
the Company and its operations, markets, product, and distributor performance,
the impact on the national and local economies resulting from terrorist actions,
and U.S. actions subsequently; and other factors available from the Company.
Resource: BioCentric Energy Incorporated
Investor Contact:
Executive Vice President of BioCentric Energy, Incorporated
Dennis Fisher
714-552-4965
Email Contact
SOURCE: BioCentric Energy, Inc.
http://www2.marketwire.com/mw/emailprcntct?id=B76C0C0C55E9F5E2
Copyright 2007 Market Wire, All rights reserved.
Looks like USSE traded 25,000 shares at .07 at 4:06 pm to close unchanged on the day.
Etrade doesn't allow online purchases of RHOI. I had to call my order in which is a big pain in the a__.
Whoever bought at .083 this morning should be loving some more at .069. I have been nibbling for weeks and will continue as more news rolls out.
I want folks to get the information for themselves by making a phone call. I gave the contact info and its up to folks to do what they want with the info.
I just heard from an associate that he spoke to the contact at Biocentric Energy and found that this person was very knowledgeable with regards to the projects with USSE/SSTP. Without getting into specific details, he talked about the information that is already in press releases and made us feel more comfortable about buying more stock at these levels. I would recommend others call and find out for themselves where these companies are going.
Investor Contact:
Executive Vice President
BioCentric Energy, Incorporated
Dennis Fisher
714-552-4965
DFisher@BioCentricEnergy.com
I just heard from an associate that he spoke to the contact at Biocentric Energy and found that this person was very knowledgeable with regards to the projects with USSE/SSTP. Without getting into specific details, he talked about the information that is already in press releases and made us feel more comfortable about buying more stock at these levels. I would recommend others call and find out for themselves where these companies are going.
Investor Contact:
Executive Vice President
BioCentric Energy, Incorporated
Dennis Fisher
714-552-4965
DFisher@BioCentricEnergy.com
Another company in our field:
Gulf Ethanol Launches Texas Cellulose Project (BIZ)
http://www.gulfethanolcorp.com/gulf_ethanol_investors.htm
News is what drives stocks. The trick is that when they announce something that is good news they need to actually follow through on it and have it come to fruition. Seems like we are on the right track with this BCEI deal but time will tell.
They need to keep the news flowing to break these stocks out of their funks. At some point the cumulative effect of positive news should take hold and attract new buyers.
Go with Etrade. They have Level 2 for pinks now through MarketTrader.
Short lived rally. It seems 90% of the time that there is pressure on USSE or SSTP its NITE doing the selling. I don't know if they are shorting or selling long shares but it seems they have an endless supply.
Anyone know how much beer they are selling presently, where they sell it and what their maximum prodcution capacity is at this point? If anyone lives in the NY area, maybe a trip to their production facility would be helpful.
International Oil & Gas Holdings Corporation Highlights 3-Step Bio-Diesel
Production Process
Each Load of Bio-Diesel Is Lab-Tested to Ensure a Consistent Quality Product
Throughout Manufacturing
DALLAS, Jun 14, 2007 (BUSINESS WIRE) -- International Oil & Gas Holdings
Corporation (Pink Sheets:IOGH) today announced that the Company's proprietary
production processes for bio-diesel made from oils and fats are contained in
three basic routes: Base catalyzed trans-esterification of the feedstock, Acid
catalyzed trans-esterification and Conversion of the feedstock to its fatty
acids, and then to bio-diesel. A major difference in the IOGH process compared to
others is that most bio-diesel today is produced using the Base catalyzed
reaction because of ease of overall production cost. The choice of which Base
catalyst to use can have long range effects on the quality of the bio-diesel
produced. IOGH has chosen and perfected this 3-stage process.
The IOGH system uses a sodium hydroxide catalyst instead of a potassium hydroxide
catalyst to control the chemistry of the end products created during the reaction
process. Both sodium hydroxide and potassium hydroxide dissolve in oils and fats,
and a small amount of excess catalyst is needed to complete the reaction. The
catalyst must be neutralized at the end of the reaction to prevent carryover into
the bio-diesel. Potassium hydroxide will dissolve in the oils and fats faster and
stay dissolved longer than the sodium hydroxide, and at first would sound like
the better choice of catalyst, but potassium hydroxide also creates problems with
the final bio-diesel because it can create an excessive ash content in the burned
fuel, and can lead to engine deposits and high abrasive wear on the pistons and
cylinders.
The IOGH process uses laboratory testing on every tank of bio-diesel to insure
that the quality of the bio-diesel meets the highest standards and that the
catalyst is neutralized into a very safe product known as salt.
"Chemistry is a tool that we use to control every phase of production and
determine the products that we can sell to our customers without creating waste
by-products," stated Rick Graves, President of International Oil and Gas Holdings
Corp.
About International Oil & Gas Holdings Corporation
International Oil & Gas Holdings Corporation engages in business through
wholly-owned subsidiaries and joint venture partners that are engaged in diverse
business activities. The capture and delivery of petroleum and natural gas is
most important to International Oil and Gas's bottom line. Insurance, real estate
and a Security Protection Company are also among our wholly owned subsidiaries
and partners. IOGH is always looking for opportunities to further diversify our
business activities.
Please visit the company's website at http://www.ioghc.com.
Safe Harbor Forward-Looking Statements
Statements about the Company's future expectations, including future revenues and
earnings, and all other statements in this press release other than historical
facts are "forward-looking statements" within the meaning of section 27A of the
Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and
as the term is defined in the Private Litigation Reform Act of 1995. The
Company's actual results could differ materially from expected results. The
Company undertakes no obligation to update forward-looking statements to reflect
subsequently occurring events or circumstances. Should events occur which
materially affect any comments made within this press release; the Company will
appropriately inform the public.
SOURCE: International Oil & Gas Holdings Corporation
Redwood Consultants, LLC
Jens Dalsgaard, 415-884-0348
Copyright Business Wire 2007
This article is very informative:
http://www.biomassmagazine.com/article.jsp?article_id=1159
American Bulls maintains its hold rating after issuing a buy on 6/6/07:
http://www.americanbulls.com/StockPage.asp?CompanyTicker=USSE&MarketTicker=OTC&TYP=S
Notice they aren't perfect either. They were also experiencing delays and problems:
“They’re going to buy everything we make,” Vegas said. “For us, what it does is provide instant logistics, which is where we were going to get strangled.”
One of the prior hold-ups was getting rail, barge and truck transportation to ship the product out, Vegas said. Now, Aventine will handle all that.
“It will allow us to ramp up our volume in ways we couldn’t otherwise do,” he said.
This company is right next door to USSE in Natchez:
Delta BioFuels signs with company to market product
By Katie Stallcup
The Natchez Democrat
NATCHEZ — Delta BioFuels has had a busy couple of weeks.
The biodiesel company officially got cranking in early May after a year of work retro-fitting the old Ethyl Petroleum Additives plant near the Natchez-Adams County Port.
Tuesday, they announced an agreement with Aventine Renewable Energy, Inc., to market the Delta BioFuels product.
The plant is currently making what averages to be 18 million gallons a year, President Clint Vegas said.
With the contract, signed with Aventine, the plant will eventually produce 80 million gallons each year, he said.
Aventine will serve as marketer for the plant’s biodiesel product, Vegas said.
“They’re going to buy everything we make,” Vegas said. “For us, what it does is provide instant logistics, which is where we were going to get strangled.”
One of the prior hold-ups was getting rail, barge and truck transportation to ship the product out, Vegas said. Now, Aventine will handle all that.
“It will allow us to ramp up our volume in ways we couldn’t otherwise do,” he said.
For Aventine, the marketing agreement is a big step, too, company biodiesel manager Kevin Lockart said Tuesday.
The company traditionally dealt with ethanol, a “green” competitor with gasoline. This contract is the first time the company has done anything with biodiesel, Lockart said.
“This is a doorway for us — it’s a great start for us,” Lockart said. “Their job is to produce biodiesel, which is what they’re best at,” he said. “We, in turn, market the product as well as move the product. We’re just real excited to be a part of it.”
One advantage of the Natchez plant, from a shipping standpoint, is the Mississippi River, Lockart said.
“Location, location, location,” he said. “The port is right there, so it’s kind of a supermarket to the world. It’s just perfect.”
Delta BioFuel receives feedstock and exports biofuel from the river and by truck and rail.
Great article from recent Biomass Magazine:
http://www.biomassmagazine.com/article.jsp?article_id=1159
Great article from recent Biomass Magazine:
http://www.biomassmagazine.com/article.jsp?article_id=1159
BioCentric Energy, Inc a member of the National Biodiesel Board:
The NBB is the national trade association representing the biodiesel industry as the coordinating body for research and development in the US. It was founded in 1992 by state soybean commodity groups, who were funding biodiesel research and development programs. Since that time, the NBB has developed into a comprehensive industry association, which coordinates and interacts with a broad range of cooperators including industry, government, and academia. NBB's membership is comprised of state, national, and international feedstock and feedstock processor organizations, biodiesel suppliers, fuel marketers and distributors, and technology providers.
Mission Statement:
The mission of the National Biodiesel Board is to advance the interests of its members by creating sustainable biodiesel industry growth. NBB serves as the industry's central coordinating entity and will be the single voice for its diverse membership base. Industry growth will be achieved through public affairs, communications, technical, and quality assurance programs. We are dedicated to inclusiveness and integrity.
Vision 2015:
Our vision of the future is that by 2015, biodiesel will be viewed as an integral component of a national energy policy which increasingly relies on clean, domestic, renewable fuels. Positive market dynamics coupled with federal counter-cyclical policy will support a significant and stable market. Sales, primarily in the form of low level biodiesel blends, will replace 5% of diesel demand by 2015. Energy security and environmentally driven uses, such as B20, remain a significant and visible source of demand. Grassroots involvement remains a strong and vital strength of the industry.
http://www.biodiesel.org/aboutnbb/alliance/alliance_members_prodsupplier.shtm
Mug Shot?
No posters here since 8:38 this morn? Slow day?
Any shareholders here speak to anyone at the company lately to see what the latest status of the company is? I like the press releases but we need an update on where things stand with developments in various areas of their business plan.
We'll see who is right in the end, you and the doubters or me and the informed and optimistic.
As far as I can see its not JR putting out these releases but Biocentric Energy. They are USSE/SSTP's partner and also, as of today, a funding source for the joint ventures. I see a plant in Iowa that is up and things seem to be moving forward.
Go to the freedomfuels website and look on the left side. You will see that they are connected with biocentric energy:
The BCEI / Core Ventures Team:
Now with over 300,000,000 million gallons of build out experience the BCEI/Core Ventures Team is the premier turnkey company within the biofuels industry, period!
www.c-ventures.com
Core Ventures is a total solutions provider for our biodiesel requirements. Core Ventures provides design, engineering, construction, operation & maintenance, hedging, procurement, off take and even equity or debt financing. Mr. Jim Blair of Core Ventures was the first person to build a 30 MMGPY plant within the United States. To their credit, Core Ventures just completed the Mason City, Iowa plant and have a proposed plant to be built on the island of Maui. BCEI has negotiated favorable terms to where Core Ventures will now become a Joint Venture partner of BCEI.
www.ssoe.com
SSOE is a nationally recognized firm with the combined strengths of more than 600 professionals doing business across the globe in diverse markets. BCEI believes that SSOE stands out as the best design service in the biodiesel industry. For nearly 60 years, SSOE has helped clients achieve their objectives. Specializing in design, engineering and planning SSOE has delivered full-service solutions in a cost-effective manner.
www.newmech.com
NewMech is a solutions driven, full service construction and engineering group performing services throughout the United States. Their proven ability to develop biodiesel projects from the conceptual stage in and through construction provides BCEI solace. NewMech is a schedule driven company that ensures our projects will be completed on time and on budget.
Could be a mug shot? Who knows?
So when JR says something you don't believe it and when others concur and reiterate the same things as JR you don't believe. The government is giving away billions in grants for cellulosic ethanol producers. Are they in on the hoax too?
Federal help for cellulosic ethanol
by Mark Steil, Minnesota Public Radio
December 9, 2006
Early next year, the U.S. Energy Department plans to announce the winners of some major federal grants to help build the nation's first cellulose ethanol plants. A South Dakota business is among the companies competing for the money. A recent University of Minnesota study says certain types of cellulose are more efficient sources of ethanol than the current favorite: corn.
Worthington, Minn. — Ethanol has become a major component of the nation's alternative energy drive and that makes it's main ingredient a source of intense debate. The basic technology of distilling corn into alcohol has been around for centuries. It was a natural choice for the ethanol industry when it started more than 20 years ago. Corn has limitations, though.
University of Minnesota ecology professor David Tilman says there may not be enough corn to feed humans, livestock and fuel refineries.
"The estimates are within 40 or 50 years we're going to need twice as much food on the world and twice as much energy as we have now," says Tilman. "And we don't have twice as much land to use. We don't have that much land left in the world now that we can convert to agriculture."
Tilman studied native prairie plants as a substitute for corn in making ethanol. He found that they can provide plenty of cellulose to make the fuel. Other researchers have reached the same conclusion. The problem is technology. No one is sure if cellulose to ethanol can be done profitably. To test the concept, the federal government is ready to hand out more than $150 million in grants. The money will help several company's build the nation's first cellulose ethanol plants.
"We're committed to the development of cellulose technology."
- Mike LockremThe Department of Energy's John Mizroch says the money should be awarded early next year.
"Our goal at the department is to try to promote its being produced on a commercial scale cost effectively," says Mizroch. "And we deem that cost effective at or around $1.07 a gallon."
That would be in roughly the same range as what it costs today to make ethanol from corn. One of the companies hoping for some of that federal money is Broin Companies of Sioux Falls. It currently manages 19 ethanol production plants across the nation.
Broin's Mike Lockrem says the company wants to add a cellulose plant when it expands its Emmetsburg, Iowa corn ethanol facility.
"We're committed to the development of cellulose technology," says Lockrem. "But our project in Emmetsburg this is a vital part of that, that Department of Energy funding."
Lockrem says the cellulose for the operation will come from corn stover. Stover is basically the entire corn plant, minus the ear. He says stover makes sense since the company is already tied in to a network of farmers who can easily meet the company's cellulose needs.
University of Minnesota researcher David Tilman has a different sort of plant material in mind for cellulosic ethanol. He studied a mix of 16 prairie grasses and legumes.
"We find we actually get more net useable energy coming from an acre of prairie on this land than we do from an acre of corn that is used to make ethanol," says Tilman. "And that really surprised us because corn's a very productive plant."
Tilman says the main reason prairie plants beat corn is because they take far less energy to grow. Corn requires lots of fuel for tractors and natural gas to make fertilizers. The prairie plants are like lawn grass. Once they're established, they come up each year on their own. Tilman says another benefit of the prairie plants is that they do fine on marginal land, leaving the best acres for food production. The debate over which basic ethanol ingredient works best likely will take years to settle. Cellulose is promising, and energy companies are busy trying to find out if they can make the fuel and money at the same time.
I see other people are saying some very positive things and are backing it up with funding. This plant looks real to me and the organization behind it is also very real:
http://www.freedomfuelsllc.com/index.htm
BioCentric Energy Board of Directors Approves Funding for Mason City
HUNTINGTON BEACH, CA--(Marketwire - June 12, 2007) - BioCentric Energy, Inc. (BCEI) is pleased to announce that the Board of Directors unanimously approved funding to facilitate the first Cellulosic Ethanol plant utilizing the 'Rivera Process' at BCEI's Mason City, Iowa, location. The Rivera Hydrolysis/Pyrolysis (HP) sublicense was provided to BCEI by Sustainable Power Corp. (PINKSHEETS: SSTP), the primary master license holder.
This Rivera HP Solution will use a combination of DDGS (the slag or by-product of ethanol production) and imperfect raw Soy Beans to produce and deliver a high BTU liquid, biogas, and char. The high BTU liquid will be scrubbed and converted into ethanol. BCEI has negotiated favorable terms for the use of the biogas by a factory located within ten miles of our plant. The char will be shipped to a local cement factory for fuel in their furnace to reduce their costs of production.
Jack Tortorice, President of BioCentric Energy, Inc., stated, "The Rivera Hydrolysis/Pyrolysis Solution delivers a new cost-effective paradigm to the renewable energy world." Mr. Tortorice further elaborated, "With 16 Ethanol plants within a one-hundred mile radius, this modest facility is but the first of an ambitious, yet achievable business plan for rapid plant deployment, which will replicate this low-cost Cellulosic Ethanol solution throughout our great country."
Mr. Tortorice went on to note, "The Mason City facility will immediately be utilized for the delivery of E-Diesel (OD-66)*. Until our Iowa facility is operational, the unique blending component generated by the Rivera Hydrolysis/Pyrolysis Solution will be manufactured in Natchez, and then shipped to Mason City to fulfill blending production requirements for over 58 million gallons per year of OD-66."
About BioCentric Energy Incorporated
Our team has spent considerable time and treasure in the research and development to deliver energy to our country from low, no or negative value feedstocks. The BCEI focus is on the energy business origination and the outsourcing of the actual technological development, design, engineering, and construction functions of the build out of the facility are entrusted to our partners.
About Sustainable Power Corp.
Sustainable Power Corp. is an international green energy service provider focused on environmentally safe power generation. The company has the exclusive rights to develop and manage a portfolio of green power plants utilizing the USSEC biofuel discovery, a renewable fuel source able to be produced from one-fifth of the soybean acreage traditionally associated with biodiesel. For more information, please visit www.sustainablepower.com.
Safe Harbor Statement
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors available from the Company.
*BCEI was also pleased to announce the recently completed third party analysis by an independent laboratory, AmSpec (Lab ID# HO55648-1), on the OD-66 product, which provided a 52.5 Cetane Number (#2 Diesel is 45-47) along with other confirmatory results.
Stocklemon Reports on American Water Star Inc (AMWS) Part I
Posted in Citron Reports by Stocklemon on the October 27th, 2003
stock ticker: AMWS
CEO Of American Water Star Inc (OTC: AMWS) is a Notorious Con-Man.
A recent high flyer on the OTC has been American Water Star. With over 50 mil shares outstanding, this startup water company has a valuation of over $60 mil. But look who is at the helm of this ship.
Roger Mohlman.the San Diego Granite Man
Before Roger Mohlman was the CEO and largest shareholder of American Water Supply, he was the notorious Sand Diego “Granite Man” who was originally charged with 48 counts of Fraud.
For the whole story on Roger Mohlman click below.
http://www.thesandiegochannel.com/troubleshooter/1727034/detail.html
No where did Mohlman disclose this is any filing. This is material information. But what is an SEC violation to this guy. Hey, anybody need some granite?
This is not the first time that Mohlman has had a run-in with the law. Mr. Mohlman is supposed to have an illustrious career in licensing products. Obviously, no one has contacted the people at B.U.M. about this. According to the LA Times.
HUNTINGTON BEACH Alleged Counterfeit Shirts Are Seized
249 words
7 August 1992
Los Angeles Times
Orange County
2
English
(Copyright, The Times Mirror Company; Los Angeles Times 1992 All Rights Reserved)
State authorities have seized an estimated $200,000 worth of counterfeit B.U.M. T-shirts from a clothing designer here, the attorney general’s office said Thursday.
The 10,000 T-shirts with the B.U.M. trademark were seized Wednesday at University Jeanswear on Oceanus Drive, said Dave Genens, special agent in charge of the attorney general’s Bureau of Investigation.
The shop owner, Roger Mohlman, said Thursday that he was surprised by the seizure, adding that state investigators misunderstood why he had the T-shirts in his shop.
Mohlman said he had a contract with Shorebreak, a San Diego distributor of B.U.M., to make 48,000 of the trendy, loose-fitting shirts. During production, Mohlman said, Shorebreak canceled the order, leaving him with thousands of shirts that had no buyer.
“I just couldn’t afford to sue Shorebreak for breach of contract,” Mohlman said.
Mohlman said that when he talked to B.U.M representatives about the contract, they could not offer any help.
Mohlman, who said he does not have any quarrel with B.U.M., added, “You talk about David and Goliath, I’m David without the slingshot.”
Officials with Shorebreak could not be reached for comment late Thursday.
The attorney general’s office said Mohlman legally manufactures sportswear for the National Football League and National Hockey League, but has no legal agreement with B.U.M.
Stocklemon will do more searching into the business of American Water Star, but what else does a cautious investor really have to know.
WASHINGTON - The Energy Department on Wednesday said six companies could receive up to $385 million in government funding over four years to demonstrate the commercial viability of producing ethanol in untraditional ways.
Energy Secretary Samuel Bodman, who sought proposals a year ago for three "biorefineries" that would receive $160 million from the government, said he decided to more than double the grant program as a way to reach President Bush's goal of using 35 billion gallons a year of ethanol and other alternative fuels by 2017 — a fivefold increase over current requirements.
The U.S., which currently has 114 ethanol plans in operation, produced about 4.9 billion gallons of ethanol last year, according to the Renewable Fuels Association, an industry trade group. By comparison, the country consumes roughly 140 billion gallons of gasoline per year.
Production of ethanol from corn alone is expected to reach no more than 12-15 billion gallons a year, Bodman said, because of the need to use corn to feed cows, chicken and other livestock. High demand for traditional corn-based ethanol has already driven up the cost of corn and livestock.
As a result, the government wants to accelerate research into the production of "cellulosic" ethanol made from wood chips, switchgrass and other feedstocks. President Bush has toured research labs in Delaware and North Carolina to promote the use of these technologies as a way to reduce American dependence on foreign oil.
"While it requires a more complex refining process, cellulosic ethanol contains more net energy and results in lower greenhouse gas emissions than traditional corn-based ethanol," Bodman said. Since cellulosic ethanol can come from numerous feedstocks, Bodman said, it can be made "in nearly every part of our country."
With companies paying for at least 60 percent of the projects on their own, Bodman said, the announcement could spur a $1.2 billion investment in cellulosic ethanol. Congress has not yet approved Bodman's proposal to increase the ethanol grants, and the Energy Department has not finalized agreements with the companies.
Under the announcement made Wednesday:
Abengoa Bioenergy, a St. Louis-based division of Spain's Abengoa SA, would receive up to $76 million to help construct a 11.4 million gallons-per-year plant in Colwich, Kan., that would use corn stover, wheat straw and switchgrass.
Agribusiness company Alico Inc. of LaBelle, Fla. would get up to $33 million to help construct a plant in LaBelle, Fla., that would produce 13.9 million gallons of ethanol per year, plus electricity and hydrogen, from yard wastes, wood wastes and vegetation.
BlueFire Ethanol Inc. of Irvine, Calif., would receive up to $40 million to help construct a 19 million gallons-per-year plant in Corona, Calif., that would produce ethanol from landfill waste.
Broin Cos. of Sioux Falls, S.D., would get up to $80 million to help construct an 18 million gallons-per-year plant in Emmetsburg, Iowa, that would make corn-based ethanol and cellulosic ethanol from corn fiber, cobs and stalks.
Canadian biotechnology firm Iogen Corp. would receive up to $80 million to build a plant in Shelley, Idaho that would produce 18 million gallons of ethanol per year from agricultural residues such as wheat and barley and rice straws.
Range Fuels Inc. of Broomfield, Colo., would get up to $76 million for a plant to be built near Soperton, Ga. that would use timber scraps to produce 40 million gallons of ethanol per year and 9 million gallons annually of methanol.
The companies selected plan to use a variety of technologies to produce ethanol. They have lined up major investors including Goldman Sachs Group Inc., Waste Management Inc., DuPont Co. Royal Dutch Shell PLC and venture capital firm Khosla Ventures.
Several executives emphasized Wednesday that the technology is closer to maturity than many people realize.
"Cellulosic ethanol is not five or six years away," said Alico's chief executive, John Alexander. "It is almost today."
Federal help for cellulosic ethanol
by Mark Steil, Minnesota Public Radio
December 9, 2006
Early next year, the U.S. Energy Department plans to announce the winners of some major federal grants to help build the nation's first cellulose ethanol plants. A South Dakota business is among the companies competing for the money. A recent University of Minnesota study says certain types of cellulose are more efficient sources of ethanol than the current favorite: corn.
Worthington, Minn. — Ethanol has become a major component of the nation's alternative energy drive and that makes it's main ingredient a source of intense debate. The basic technology of distilling corn into alcohol has been around for centuries. It was a natural choice for the ethanol industry when it started more than 20 years ago. Corn has limitations, though.
University of Minnesota ecology professor David Tilman says there may not be enough corn to feed humans, livestock and fuel refineries.
"The estimates are within 40 or 50 years we're going to need twice as much food on the world and twice as much energy as we have now," says Tilman. "And we don't have twice as much land to use. We don't have that much land left in the world now that we can convert to agriculture."
Tilman studied native prairie plants as a substitute for corn in making ethanol. He found that they can provide plenty of cellulose to make the fuel. Other researchers have reached the same conclusion. The problem is technology. No one is sure if cellulose to ethanol can be done profitably. To test the concept, the federal government is ready to hand out more than $150 million in grants. The money will help several company's build the nation's first cellulose ethanol plants.
"We're committed to the development of cellulose technology."
- Mike LockremThe Department of Energy's John Mizroch says the money should be awarded early next year.
"Our goal at the department is to try to promote its being produced on a commercial scale cost effectively," says Mizroch. "And we deem that cost effective at or around $1.07 a gallon."
That would be in roughly the same range as what it costs today to make ethanol from corn. One of the companies hoping for some of that federal money is Broin Companies of Sioux Falls. It currently manages 19 ethanol production plants across the nation.
Broin's Mike Lockrem says the company wants to add a cellulose plant when it expands its Emmetsburg, Iowa corn ethanol facility.
"We're committed to the development of cellulose technology," says Lockrem. "But our project in Emmetsburg this is a vital part of that, that Department of Energy funding."
Lockrem says the cellulose for the operation will come from corn stover. Stover is basically the entire corn plant, minus the ear. He says stover makes sense since the company is already tied in to a network of farmers who can easily meet the company's cellulose needs.
University of Minnesota researcher David Tilman has a different sort of plant material in mind for cellulosic ethanol. He studied a mix of 16 prairie grasses and legumes.
"We find we actually get more net useable energy coming from an acre of prairie on this land than we do from an acre of corn that is used to make ethanol," says Tilman. "And that really surprised us because corn's a very productive plant."
Tilman says the main reason prairie plants beat corn is because they take far less energy to grow. Corn requires lots of fuel for tractors and natural gas to make fertilizers. The prairie plants are like lawn grass. Once they're established, they come up each year on their own. Tilman says another benefit of the prairie plants is that they do fine on marginal land, leaving the best acres for food production. The debate over which basic ethanol ingredient works best likely will take years to settle. Cellulose is promising, and energy companies are busy trying to find out if they can make the fuel and money at the same time.
That was posted earlier today:
http://www.investorshub.com/boards/read_msg.asp?message_id=20374252
Alcorn State to host business ethics forum
By Joan Gandy
The Natchez democrat
NATCHEZ — Corporate CEOs go to jail for fraud. Industry financial officers enter false data into the records. Company owners file false reports to inflate the public perception of their businesses.
These and other unethical business practices have become all too well known in recent years, and, in response to that climate, the Alcorn State University Graduate Business Programs is holding “Ethics in the Marketplace and Beyond,” a forum featuring four experts in the area of business ethics.
The April 19 program, open to the public, will begin at 6:30 p.m. with a reception at the ASU business building on the Natchez campus. The program begins at 7 p.m.
“Ethical challenges in today’s business environment impact most all of us either directly or indirectly,” said Steve Wells, interim dean of the ASU School of Business.
“Financial debacles continue to raise questions regarding ethical behavior in the marketplace.”
Panelists include Keith Starrett, U.S. District Judge in the Southern District of Mississippi; Walter Brown, Natchez attorney and former chairman of the Mississippi Ethics Commission; Becky Vaughn-Furlow, director of human resources at Trustmark National Bank; and John Igwebuike, attorney and assistant professor at the ASU School of Business.
Igwebuike will speak on “Business Schools Responses to Ethical Challenges in the Marketplace.” He said the challenges loom large.
“There is a dire problem going on in ethics in the corporate and marketing arena,” Igwebuike said.
“And many of the heads of these large companies are people who gained their degrees in business schools, often in the most prestigious business schools,” he said. “What they do affect the lives of millions of people.”
Moreover, their unethical actions affect not only the DOW, the NASDAQ but also “whether families can buy groceries and whether people can retire.”
Illustrating how the actions of few can have wide-ranging consequences over many is one of the lessons he presents to his classes, Igwebuike said.
“As teachers, it is our responsibility to diffuse and inculcate in our students moral values and the significance of ethics in the workplace,” he said.
“We must teach students to stand for something, for things far more valuable than just a job or just money — their name, their integrity and their reputation.”
One quote he uses with his classes is from Martin Luther King Jr.: “If you don’t find you’re willing to stand for something, you’ll fall for anything.”
The faculty at a business school has a big responsibility, Igwebuike said.
“We must live it out. They are watching who we are as well as what we say,” he said. “We must model integrity in what we say but also in what we do. We must build that integrity into the classroom.”
Other topics on the program will include “Ethics in the Office: Will Your Behavior Earn a Pink Slip,” by Vaughn-Furlow.
Brown’s topic will be “Mississippi Ethics Law: The Grand Experiment.” And Starrett will speak on “Sexual Harassment: What You Don’t know Can Cost You.”
Wells said the forum is for the benefit of the business school students but also for the public.
“In addition to exposing our students to the real world experiences of the speakers, we cordially invite everyone to attend the program,” Wells said. “We are honored to have these distinguished individuals participate in the discussion of this topic.”
Do you ever call and ask these "simple questions" of JR or anyone in a position to answer them? I don't know how the reporter for that article got his info or if there were any implications that reactors are up or not. If JR told the guy they have parts for 15 and he chose to write that they are assembled, that is his perogative. Call JR and clarify as I am going to. I suggest you call yourself since if I post information I get from my own phone calls, it will be immediately dismissed as biased.
Is it possible that since that info was posted, the parts for 15 reactors were delivered to Natchez for assembly? Now that the people who assemble the reactors have experience assembling them, it should take a shorter period of time to have them up and running. Even if they aren't up and running at this time, having the materials in the facility for 15 reactors is a huge positive.
NEWS 6/12/07:
International Oil & Gas Holdings Corporation's Proprietary Production Process
Adheres to Strict Quality Control Standards
Every Tanker of IOGH Bio-Diesel is Lab Tested and Issued a Certificate of Quality
DALLAS, Jun 12, 2007 (BUSINESS WIRE) -- International Oil & Gas Holdings
Corporation (Pink Sheets:IOGH) today announced that the Company's proprietary
process has the strictest Quality Control standards in the industry.
"We pride ourselves in never having a bad batch of bio-diesel," stated IOGH
President Rick Graves.
Quality control at each step of bio-diesel production is one way that IOGH can
meet the highest standard for its customers. Testing of incoming feedstock allows
IOGH to make use of a wide variety of oils and fats for conversion into
bio-diesel.
Excess amounts of free fatty acids or water can create side products such as soap
which leads to incomplete separation of the glycerin generated during bio-diesel
production. If this is not controlled early in the production process, the
resulting bio-diesel will not meet the minimum ASTM standards. The resulting "bad
bio-diesel" is then typically treated in one of three ways: the bio-diesel is
reprocessed (doubling the cost), blended with other bio-diesel to mask the
problem, or becomes a disposal problem.
The IOGH process uses testing on every tank of bio-diesel to insure quality
during production and then runs a complete set of ASTM (American Society for
Testing and Materials) D6751 Test for bio-diesel from an independent lab. A
Certificate of Quality is provided with each load of bio-diesel produced and
sold. IOGH is setting new standards for production and distribution of the
highest quality bio-diesel within the industry.
About International Oil & Gas Holdings Corporation
International Oil & Gas Holdings Corporation owns subsidiaries that are engaged
in a number of diverse business activities. The capture and delivery of petroleum
and natural gas is most important to our bottom line. Insurance, real estate and
a Security Protection Company are also among International Oil and Gas wholly
owned subsidiaries and partners. IOGH is always looking for opportunities to
further diversify our business activities.
Please visit the company's website at http://www.ioghc.com
Safe Harbor Forward-Looking Statements
Statements about the Company's future expectations, including future revenues and
earnings, and all other statements in this press release other than historical
facts are "forward-looking statements" within the meaning of section 27A of the
Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and
as the term is defined in the Private Litigation Reform Act of 1995. The
Company's actual results could differ materially from expected results. The
Company undertakes no obligation to update forward-looking statements to reflect
subsequently occurring events or circumstances. Should events occur which
materially affect any comments made within this press release; the Company will
appropriately inform the public.
SOURCE: International Oil & Gas Holdings Corporation
Redwood Consultants, LLC
Jens Dalsgaard, 415-884-0348
Copyright Business Wire 2007