Blue Diamond Ventures Inc (BLDV)

[tncurler]

In case you did not read the whole article posted by nightwish...



Additional funding for the Biorefinery Assistance Program will reduce investor risk and provide construction and operations jobs in rural communities.


Consideration should be given to broadening the authority to utilize direct federal grants to expedite the construction of first generation advanced biorefineries and to modify or retrofit existing grain-based ethanol plants to convert cellulosic biomass to biofuels.


Knowledge gained and experience with these operations would rapidly drive down costs associated with second-generation cellulosic biofuel plants and result in private-sector investment in their construction.


Proposal for Biorefinery Assistance Program: increase and fully fund mandatory and discretionary levels, at $500 million in year one and $1 billion in year two, and consider expanding the use of the grants to facilitate the construction of first generation cellulosic biofuel plants.