Replies to post #2517 on Laidlaw Energy Group, Inc.(fka LLEG)

[icarus6700]

Okay, in the CEO's recent letter to shareholders, I found this:

"I believe that as times passes, we will see an even greater emphasis on biofuels and
on utilizing as close to 100% of cellulose products as possible. So
it will become standard practice for wood residue from manufacturing
and forestry to be shipped to a biomass energy facility, where the
fermentable sugars will first be extracted for the manufacture of
cellulosic ethanol, with the residue then serving as feedstock for a
boiler where it will make electricity and thermal energy. I am glad
to say that Laidlaw Energy is a participant in the energy revolution
that is reshaping the future of energy production."

The way I read this is NOT that LLEG already knows how to make cellulosic ethanol from woodchips but rather that they eventually would like to acquire cellulosic ethanol technology. The fact that they just bought a GE turbine suggests that they are indeed going to burn the wood stuff for the present. Anyone agree or disagree? Thanks.