Monday, February 01, 2010 10:49:38 PM
He said on the last conference call that he didn't realize how difficult it would be to get permits from some municipalities to build a PBR within their city limits, and it was clearly a point of frustration for him. This 150-acre subdivision allows BEHL to:
- pull ONE permit
- put it the city of least resistance (my guess is SJC), avoiding a major timing obstacle each time they install a unit
- share almost every resource the PBR needs to function (electricity, water, CO2 source, labor, etc)
- Deliver each 15 acre solution for less than advertised, yet make the same profit
- be close enough to personally baby the PBRs to success (as stated in the PR)
- prove to a major buyer that the BEHL solution works on a 150-acre scale
And for all this, BEHL will take in revenues of $86,000 an acre. No question this is a forward looking PR, but the mere idea of it makes it a much easier transaction for everyone involved, and increases speed-to-market of the algae that will come out of those tubes.
Somebody deserves a raise.
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