Unfortunately you said this is going to be your only post... That's unfortunate for all of us longs because you made a ton of sense..... So I respect your choice, but nonetheless thank you for your terrific post.... Jim
I believe the assets of Alabama Bio Energy/Eagle Biodiesel will be vital to any arrangement between CGG and CPOW.
China needs cooking oil now - particularly the Chongquin region. There are articles in the I-Box about the cooking oil situation in China. Anyone who is a fan of Chinese food will know that it just can't be made without cooking oil. 1 billion mouths to feed. 3 meals a day. That's a lot of cooking oil.
If I am not mistaken, the Alabama Bio Energy company was crushing soybeans. Rapeseed and Camelina are not grown in Alabama that I know of.
Refresher for newbies to the board: Canola stands for "Canadian oil, low acid".
If the CPOW/CGG deal to do a joint venture and build a crushing plant comes together, this will help supply the demand for cooking oil. Remember that cooking oil can be made from soy as well.
While the proposed plant is being built, the combined output of CPOW making canola oil and Alabama Bio Energy making soy oil would help supply the cooking oil demand.
Notice the word "Assets" was used in the PR. "Assets" could also include any patents or technology plus established business relationships, lines or credit, etc. not just equipment.
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