DI,
I don't know where the c-rap about no feedstock came from! As any who were on the conference call can verify, PHGI definitely stated that they had the feedstock in hand and the manager of the plant, Lamar someone, with a deep southern accent, stated that they could produce from 12 to 20 million gallons of fuel per year. Nothing was stated that I can remember about how much per gallon profit could be made.
The reasons were given regarding the new technology as to why it is so important that more than one kind of feedstock can be used. I believe that it was stated that no other plant in North America, at this time, has the capability that PHGI has in using the different feedstocks.
You can believe the 12 to 20 million gallons per year or you can not, but that is DEFINITELY what was stated!!!!!!!
It was also stated that what can be seen on the webcams does NOT give an accurate portrayal of the way things actually are. (The webcams make everything look smaller, we were told).
