Tuesday, December 12, 2006 6:51:27 PM
When USSE comes online using 300,000 bushels a day/
109,500,000 per year of soy beans, the farmers will
require 50,000,000 gallons of additional diesel to produce
the additional soy bean needed by USSE.
USSE proposes to burn the biofuel to make electricity.
Coal priced at $52.02 per ton makes #2 fuel oil worth
about $.23 per gallon.
SOURCES: USSE statements, fuel requirements for field operations,
USDA Fuel Value Calculator
WSJ 12/12 Jan soy bean $6.70. This is the necked soy bean cost to USSE.
Revenue 5 gal biofuel x $.23,737 fertilizer 25 lbs x $.05
biogas 5 gal x $.14.
GROSS REVENUE $3.10 less just bean cost $6.70 EQUALS a loss
of $3.60 per bushel prior to processing cost.
The electrical market will not support a fuel price that makes
this process or concept PROFITABLE....period...
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