Agree that while timelines are longer than initially projected...
we need to remember that CLME has already established worthwhile business associations with the Chinese amongst others...
Also,contrary to what someone recently posted on this board,nowhere has Colusa publicly stated the commencement of construction on a plant.
The closest they've come to announcing construction has been the following preliminary study.
Colusa Biomass Energy Receives Preliminary Engineering Study for Conversion of Waste Rice Straw to Ethanol Bio-Refinery
Business Wire News ReleasesPublished: 05/16/07 12:03 PM
NewsvineCommentColusa Biomass Energy Corporation (CLME) today announced that it had received the much awaited preliminary engineering study for its first rice straw to ethanol bio-refinery in Colusa, California, located in the heart of the state’s rice growing area.
Tom Bowers, Colusa Biomass Energy Corporation’s CEO, said, "This preliminary engineering study in an important step on our path to commercializing our proprietary rice straw conversion to ethanol process. Our engineering consultants, the Harris Group, is a highly respected engineering firm with extensive experience in developing cellulosic ethanol processes and who have conducted studies for National Renewable Energy Laboratory (NREL) among others. This preliminary report establishes the validity and viability of our proprietary process in scientific and engineering terms and provides a first-order estimate of the operating and capital costs. Based on this study, Harris Group has advised us to proceed with full engineering development and construction of our first plant."
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September 12, 2006
Colusa Biomass Energy Corporation (PINKSHEETS: CLME) today announced the closing of a successful negotiation for a sale of equity to Mr. Eoghan Flanagan, a highly successful hedge fund manager. In addition to Mr. Flanagan’s significant equity purchase, he has accepted the invitation of the Colusa Biomass Energy Corporation Board of Directors to join the Board. Mr. Flanagan has a considerable background in international financial markets.
Tom Bowers, CLME President, said, “I am particularly delighted that Mr. Flanagan has joined the Board of CLME. With his international experience and background, CLME can accelerate its examination of the continuing inquiries from abroad into the technologies we have developed for the conversion of biomass to ethanol. Over the past several months CLME has received many inquiries from all over the world. With Eoghan leading the evaluation of these business opportunities, the balance of the management team and I can continue to focus on bringing our California ethanol bio-refinery operations online as planned for 4th quarter 2007. These steps will greatly enhance CLME’s position for international and domestic growth.”
Eoghan Flanagan said, “Cellulosic ethanol has been an area of great interest to me for some time. During my research of this technology, I found Colusa Biomass to be the state-of-the-art leader in this area. I am very excited to make this investment and to be part of CLME’s future.”
About Colusa Biomass Energy Corporation
Colusa Biomass Energy Corporation (PINKSHEETS: CLME) in planning to build a bio-refinery which is engineered to convert waste rice straw residue into ethanol. The plant is based on CLME patented and proprietary technologies that converts waste biomass into ethanol for use in transportation fuels. It is important to note that the CLME technology takes nothing from the food stream but only consumes waste biomass such as straws, wood chips, forest slash and orchards trimmings.
"posts are imo...please confirm by doing "original" dd.
futrcash..."
