Alternative Energy (fka AENS)

[coin_in_fountain]

What happened to the Kankakee plant?

Here is a link that should interest you:

http://www.epa.state.il.us/air/permits/ethanol-plants.html

It looks like the AENS plant got the permit, as AENS claimed months ago. I did however notice that the permit says "gas", not "biomass", as AENS claimed. I don't know if that's significant, but it is interesting.

For a while now I have been trying to figure out if AENS plans for the Kankakee plant have any value. This link clearly indicates that Kankakee Renewable Energy is building a comparable sized plant in the same county. I don't know what the current state of the KRE plant is, but if they're serious about building a plant in the same county that AENS wanted to build a plant, it can't possibly be good news for AENS.

Folks, I'm running out of ideas for how to place any value on the remnants of AENS. Keeping them off the market is the only reason I can come up with for anybody to give AENS any money for their existing plans to build in Boone County and Kankakee County.

Here is another article I noticed this morning:

http://www.pjstar.com/php/index.php?/news/canton_bankruptcy_filing_possible_for_ethanol_plant_according_to_advisors/

This is the story of another ethanol plant in Illinois that looks like it won't even been completed. It's a small plant, but they planned to burn low cost coal, so you can't ignore it. If new plants are getting mothballed during the construction phase, It doesn't look like a very favorable environment for starting construction on new plants.

If anybody else can find any significant value in the remnants of AENS' ethanol plant plans, please let the rest of us know.