I'm not aware of any $40 million local incentive. Whether one comes to pass or not, does not change my belief that the PHGI biofuel plant will never be profitable. That is taking into consideration just raw materials (vegetable oil, I presume for phase I? - including delivery costs of vegetable oil), labor, utilities, costs pertaining to environmental regulations, various insurance coverages they will require (both labor and environmental) and utilities.
Paying taxes is not a factor for an unprofitable venture, and I don't even assume they will be required to pay property tax. Management fees are another unknown in this venture, which for a company that prides itself on transparency, that kind of unknown is just not nice.
Regards.
