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April 28, 2005

New Biodiesel store

Found BiodieselWarehouse.com through some del.icio.us links. Good gathering of DIY stuff and generators. I am still looking for a generator to run in my garage and power my house. Problem is that I want to run it 24 hours a day in an urban area and my house will probably draw 20KW. I wonder if those little 6KW generators are designed to run 7x24? Probably not.

Posted by Martin at 4:08 AM | Comments (0) | TrackBack

April 25, 2005

Bush meets Saudi's... they are out of extra capacity

NPR : Bush, Saudi Prince Meet to Discuss Oil Prices. This should be good for the price of oil yes? Well the real answer is no. Bush will ask for a production increase and the popular wisdom is that the Saudis have lots in reserve, but listen to the whole story. Youssef Ibrahim, managing director of Strategic Energy Investment Group, says the Saudis are tapped out. They are already running at 100% capacity with current infrastructure. And by the way they like oil at $55 per gallon. They have a heavy burden for their socialized state that has been underfunding domestic programs for some time. The high prices give them much needed money to quell the popular rebellion they are facing. And to expand capacity they will need to spend $50-$60B on inproved infrastructure. That is money they need NOW to placate a restless domestic population. See the fundamentalist gains in the recent elections? Watch out.

This is good for biodiesel. Petroleum prices are not going down any time soon. Ibrahim believes they will stay between $50-$70 per barrel for quite some time. At over $70 per barrel, some of the more expensive fields like Canada become interesting to restart and the Saudis don't want that.

Posted by Martin at 2:09 PM | Comments (0) | TrackBack

April 22, 2005

Green utility top 10 released

This out today: Green Power Network: Green Pricing: Top Ten Utility Green Power Programs. Today almost all "green" electricity is generated from wind, landfill gas, small hydro or solar. What about turbines running B100? I wonder what agency gives the "green" stamp of approval to a source? With increasing consumer demand for green power and utilities lowering the premiums over "regular" power, there has got to be a pony in here somewhere.

Posted by Martin at 12:50 AM | Comments (1) | TrackBack

April 21, 2005

Sustainable Systems in contract to buy Montana Crusher

BELLACIAO - Montana oilseed processing plant to make biodiesel fuel, preserve jobs in rural community - Collective Bellaciao. Paul Miller has been busy. I wish them all the best luck. Getting a sustainable stable source and price for feedstock (oil) is the hardest part of the biodiesel refining business. I hope their vertical integration is successful.

Posted by Martin at 11:40 PM | Comments (2) | TrackBack

April 15, 2005

WVOfuels.com continuing the good fight

Thanks Clark (Clark Burbidge [clark@wvofuels.com]) for linking to some of the stuff I find here on B100Fuels.com. Nice site: Waste Vegetable Oil Fuels. The more people looking for info and sharing it the better. I want to buy some of your bumperstickers!

While I don't have the time nor the talent to home brew my own biodiesel, i sure do like the price! Keep it up.


Posted by Martin at 2:46 PM | Comments (0) | TrackBack

April 14, 2005

Your support needed to continue federal funding for alternative energy projects

This came off one of the list servers. Alternative fuels and Biodiesel specifically are supported in a number of ways by the feds. This is just one of the bills that funds these programs. Please call your representative and senator and express your support.


From: "Alexandra Morel"
Date: April 7, 2005 11:13:58 AM PDT
Subject: Sign-ons Requested for Farm Bill Coalition Letter!

Dear Renewable Energy and Energy Efficiency Interests,

Attached is a draft coalition letter the Environmental and Energy Study Institute is circulating for organizational sign-ons in support of restoring full funding for the Sec. 9006 Renewable Energy Projects and Energy Efficiency Improvements Grant Program. This letter will be sent to the House Appropriations Subcommittee on Agriculture, as they continue Budget deliberations. Dear Colleague letters in the House and Senate are also being circulated.

For the third year running the President’s Budget request has more than halved the authorized funding level in the 2002 farm bill, from $23 million to $10 million in FY06. Previously, concerted bipartisan, multi-sectoral efforts have restored full-funding successfully for this vital program. Therefore, we urge your organization’s support of this Coalition letter and hope to collect signatures ASAP!

For more information and/or to sign-on to this letter, please contact Alexandra Morel (amorel@eesi.orgor 202.662.1885) with EESI.

Alexandra Morel
Program Assistant
Environmental and Energy Study Institute
122 'C' Street, NW
Washington DC, 20007
(202) 662-1885

Posted by Martin at 4:13 PM | Comments (0) | TrackBack

April 13, 2005

What is the state of the Ethanol industry?

The industry put out their 2005 Outlook report. If Biodiesel could become that large of an industry it would be great! It took Ethanol 10 years to make the first 1B gallons, another 10 years to make the next 1B, but only 2 years to make the next 1B. Acellerating! I predict it will take much less than 10 years to get to 1B gallons of Biodiesel.

Posted by Martin at 3:30 PM | Comments (0) | TrackBack

April 12, 2005

Opponents to biofuels subsidies have it wrong

A couple of weeks ago down in Oregon one of the papers spouted off against legislation to help subsidize the biofuels business in that state. But they looked at the legislation in a vacume. In response, the bill's sponsors point out that since 1970 the petroleum industry (a mature industry who should be on it's own) has received over $130B in subsidies vs $10B for biofuels (mostly Ethanol). Also, when people say it takes more total energy to cerate a BTU of ethanol, that may be right, but a large percentage (over 40%) of that energy is plant based, renewable. When you compare non-renewable energy required for petroleum vs ethanol, the picture is much clearer. You can read the whole thing here...


--------------------------------------------------------------------------------

www.registerguard.com | © The Register-Guard, Eugene, Oregon


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March 25, 2005

Guest Viewpoint: Biofuel analysis flawed

By Jackie Dingfelder
and Jeff Kropf

A March 16 Register-Guard editorial, "Fuel subsidies a bad sign: Oregon considers encouraging biofuels," was fatally flawed. It evaluated biofuels in a vacuum, rather than in juxtaposition with petroleum - a finite, nonrenewable fuel that devastates our health and our environment and even undermines the economic and physical security of our nation.

Arguing against state support for biofuels (ethanol and biodiesel), the editorial states that biofuels "suffer an economic disadvantage." That's an understatement. Incentives for biofuels, a fledgling industry with enormous growth potential, pale in comparison to those paid to oil, a mature industry based on a resource the production of which inevitably will decline.

Since the early 1900s, the oil industry has received massive subsidies. According to an October 2000 General Accounting Office report, the oil industry has received more than $130 billion in tax incentives since 1970, dwarfing the roughly $11 billion provided for biofuels. Add to that the costs of protecting the United States' access to foreign oil, as well as the environmental and public health costs of extracting, transporting and burning petroleum.

Despite these disadvantages, biofuels already are starting to compete on a market basis. A recent check of gas and ethanol rack prices - the prices distributors pay - showed that gasoline in Portland was selling at $1.4950 per gallon while ethanol in a number of states was selling for as low as $1.3465 per gallon.

Do biofuels consume more energy than they create? It depends what energy you're talking about. Let's take a closer look at Jim Bowyer's figures.

To deliver 1 million British thermal units to a vehicle fuel tank, gasoline requires a total energy investment of 1.24 million btu, all of which is fossil fuel-based energy. Starch-based ethanol delivers those same million btu for a total energy investment of 1.59 btu, but only 600,000 btu of that energy is fossil-based (including petroleum-based pesticides and herbicides). The rest of the energy required for starch-based ethanol production comes from the plant matter itself, which has converted solar energy into starch and stored that energy in the plant mass. This solar energy is free and wholly renewable, unlike fossil-based energy.

The production of petroleum will never benefit Oregon's economy. We have no oil reserves or refineries; only retailers benefit when we spend a dollar on gasoline or diesel. Contrast that with the production of ethanol or biodiesel. We can grow oilseed crops as feedstock for biodiesel, and in the not-too-distant future produce ethanol from wood waste and agricultural residues, which are abundant in Oregon.

A facility built to convert biomass to fuels requires several hundred temporary and permanent jobs - for construction, operation and maintenance - which will have a ripple effect on Oregon's rural economy. When we spend a dollar on a biofuel produced in Oregon, we'll benefit the farmer or forester, the producer and the retailer, cleaning the air and reducing our contribution to global warming to boot!

There is a strong and growing West Coast demand for hundreds of millions of gallons of renewable transportation fuels. Private industry will locate ethanol and biodiesel plants on the West Coast in the near future. The question is where.

If we listen to the editors of The Register-Guard, Oregon shouldn't bother to vie for this industry. That would be economic as well as environmental nonsense.

Rep. Jackie Dingfelder, D-Portland, and Rep. Jeff Kropf, R-Sublimity, are sponsors of biofuels proposals in the Oregon Legislature

Posted by Martin at 2:04 PM | Comments (0) | TrackBack

largest biodiesel plant in North America to start in North Dakota

AP Wire | 03/22/2005 | New $50 million biodiesel plant near Minot to use canola. Interesting. They say that they will utilize 355,000 acres of Canola. Now doing just some rough calculating, it costs about $5M in farmer payments to pay for 20,000 acres of Canola in October for harvesting in the summer. This money needs to be paid up front to farmers. So to grow 355,000 acres, the plant is going to need $90M in working capital for farmer payments. I wonder if they have that part figured out? Farmers aren't going to grow that much canola without a contract. I don't believe large scale facilites are the way to go. Too much working capital needed to build and to operate on a yearly basis.

Posted by Martin at 11:08 AM | Comments (0) | TrackBack

NorCal biofuels event in Santa Cruz May 20..

This from the NorCal biofuels mail serv...

Hello,

You are invited to participate in the Biofuels Community Conference & Car Show, held in Santa Cruz, CA on May 21-22, 2005.

Our invitation is online at
http://www.biofuel.coop/downloads/invitation.pdf and I've pasted the text below as well.

More to come! Please distribute this. We are gearing up our publicity and outreach campaign, and will be posting our posters, press release, conference agenda, etc. on www.biofuel.coop shortly.

Yours truly,
Alissa & Dave


-=-=-=-=-=-=-=-

BIOFUELS COMMUNITY
CONFERENCE & CAR SHOW

THE TIME: May 21st, 8:00 a.m. to May 22nd, 3:30 p.m.

THE PLACE: University of California, Santa Cruz

THE THEME: The Future of Biofuels

THE PURPOSE:
☼ Showcase successes in the grassroots biofuels community and active biofuels cooperatives ☼ Provide a place for creativity and networking ☼ Educate about sustainable biofuels ☼ Documentation of the biofuels movement ☼ Consider the urgency and issues facing biofuel businesses, workers, and consumers

SOME OUTCOMES:
☼ Specific actions for addressing the needs which the participants believe are vital ☼ A stronger network of people for getting things done

THE HOSTS: Homes On Wheels, Education for Sustainable Living
Program, Santa Cruz
biofuels collective, www.biofuel.coop

THE APPROACH: The event relies upon the active participation of
attendees for
education and action planning. On Saturday and Sunday, we will use a method that enables groups of all sizes to effectively deal with complex issues in short time periods. Expect to work hard and have fun. And expect the unexpected.

We hope to cultivate a festival-like atmosphere with music, circus arts, a biofuels car show, and wholesome food surrounding the conference.

This is a zero waste event. Please feel free to bring your own dishware.

LOGISTICS: Event registration is a suggested donation of $40
per day. No one will be
turned away for a lack of funds. Food will be available for sale from Kresge Community Natural Foods cooperative, and by donation from Homes on Wheels cooperative.

We are coordinating ridesharing to and from the event. Guest housing options may be available. Please RSVP soon to partake in these community services.

Homes On Wheels wishes to make this event accessible to people with disabilities. If you need accommodation, please call SOAR at 459-2934.

TO REGISTER:
Contact Conference Coordinators at conference@biofuel.coop, (831) 454-0343.

FOR MORE INFORMATION, CONTACT:

http://www.biofuel.coop

Biofuels Conference
13 Leonardo Lane
Santa Cruz, CA 95064

Alissa White, (831) 454-0343, acwhite@ucsc.edu Dave Shaw, daveshaw@biofuel.coop

SEE YOU THERE!

Posted by Martin at 9:53 AM | Comments (0) | TrackBack

Some notes from Sunday's Cantwell event at Seattle Biodiesel

Thanks Ted Stearns for this summary of the event:

Congrats to John Plaza and Senator Cantwell,

Sunday’s event which came together Friday had the Senator, 3 tv cameras, print media and 30 supporters toured and celebrated Washington’s growing biodiesel production and usage.

The real work of the event was to talk about how to move the demand and production forward. Senator Cantwell described it as a “homegrown solution” and is determined to increase production of canola and mustard oil in Washington State.

Some of the Issues discussed

- price of canola is 20% below wheat

- need a crusher in Washington

- need broader uses of glycerol

- vehicle warranty changes to allow use of great that 5% biodiesel

- permitting processing and dispensing facilities –

- attract broader investment

- keep usda 9006 and value added programs funded

- need more diesel vehicles available – ½ of Europe’s new cars are diesel

- local oilseed sources needed – 50cents per gallon to transport from the Midwest

- all of Washington’s petroleum is imported – 1 billion gallons used – costing $1-3 billion annually

- hundreds of thousands of jobs possible – Washington can be an early adopter and seller

- we can improve air quality, water quality and the vitality of rural Washington

Thanks to the many catalysts for biofuels –

Seattle city light, king county metro, Washington State Ferries, Northwest Biodiesel Network, Dan Freeman, Aaron Kahn, Representatives Holmquist & Sullivan, WSU energy program, WSU Agri-Environmental and Bioproducts Engineering Group, Climate Solutions, Mike Massey, USDA and too many more.

Congrats again to John Plaza and Seattle Biodiesel. John did such a great job hosting It was suggested his next starring role should be as a talk show host – perhaps “who wants to be a biodiesel entrepreneur”?


Posted by Martin at 9:23 AM | Comments (0) | TrackBack

April 11, 2005

DOE biodiesel study 2004

The DOE has a 2004 study on Biodiesel Performance, Costs, and Use. Many of you may have seen it. They go through all the issues with production, consumption, etc. Their conclusion is that Biodiesel from Soy is never going to be economical and that there is only enough yellow grease to make about 100M gallons of biodiesel. They predict a biodiesel market as an additive to meet EPAct and clean emissions standards. While I disagree, I can't fault their numbers and logic. With Algae, we can get feedstock down faster quicker.

Posted by Martin at 8:04 PM | Comments (0) | TrackBack

Grow algae from smokestack emissioins?

So say these guys over at: GreenFuel Technologies Corporation. MIT spin-out. I have asked them if they are looking for more beta sites. In the end biodiesel will need to perfect a cheaper feedstock than even the agricultural products available today. Algae is it. I wonder if I can buy one of these today?

Posted by Martin at 7:57 PM | Comments (0) | TrackBack

New Clean Energy fund in California

New CalCEF $30 Million Fund Poised to Fuel California's Clean Energy Industry

The California Clean Energy Fund (CalCEF), a new $30 million public benefit investment fund created as part of the Pacific Gas and Electric's bankruptcy settlement, today announced agreements with three leading venture capital
firms: Nth Power, Draper Fisher Jurvetson and VantagePoint Venture Partners.
These venture funds, with combined assets under management of $6 billion, will bring added value to CalCEF including matching funds and access to key strategic partners. The purpose of the evergreen non-profit Fund is not only to make attractive investments, but also to provide an engine of economic growth while reducing California's dependence on fossil fuels.

"With this new Fund, we have the opportunity to shape the future of clean energy investments by demonstrating wins for both investors and our environment," said Michael R. Peevey, chairman of CalCEF and President of the California Public Utilities Commission (CPUC).

CalCEF's cross-disciplined Board of Directors enables a focus on this promising investment sector in ways that a traditional fund cannot. "This Board, which blends public policy makers, investment professionals, entrepreneurs, and science and technology experts, is uniquely able to meet this investment challenge," said Lisa Bicker, president of CalCEF. "The time is right for clean energy investing and CalCEF can be the change agent that leads the way."

CalCEF Investment Strategy

CalCEF's investment strategy will focus exclusively on clean energy, including renewables, energy efficiency, energy storage, and enabling technologies and services. Under the terms of the agreements, the venture capital firms will make equity investments in clean energy companies on behalf of CalCEF. By working with three highly qualified investment firms, each with their own investment expertise, CalCEF can take a blended approach to the market that mitigates risk and maximizes returns. The goal is to support a wide range of opportunities, including both later stage and early stage opportunities, where CalCEF funding will make a difference.

CalCEF has allocated $8.5 million to each of the three funds for a total of
$25.5 million. Nth Power and Draper Fisher Jurvetson (DFJ) will each directly manage an investment portfolio totaling $8.5 million, with Draper Fisher Jurvetson's allocation to be managed through DFJ AltaTerra, a DFJ affiliate fund launched to make investments in the clean technology sector.
These managers will also match each dollar invested on behalf of CalCEF with its own investments in order to maximize market impact. CalCEF will also participate as a limited partner in VantagePoint Venture Partners. The remaining $4.5 million has been reserved by the CalCEF Board for future program development.

Nth Power estimates that venture capitalists invested approximately $500 million in US-based energy-tech companies in 2004, representing well over 2% of all VC investing. California is well positioned to take the lead in this emerging market thanks to its strong technology base, entrepreneurial talent, access to capital and enlightened environmental policies.

"Clean technologies -- including clean energy technologies -- are emerging as one of the most exciting and promising sectors for investment," said Raj Atluru, Managing Director of Draper Fisher Jurvetson. "DFJ has consistently been a leader in identifying and capitalizing on emerging investment areas, and we are excited to work with CalCEF as we launch DFJ AltaTerra as a new venture fund dedicated to clean technologies."

"Nth Power is excited to serve as one of CalCEF's managers," said Tim Woodward, Managing Director, "and will work closely with the CalCEF board to meet its investment strategy." Woodward added, "Nth Power's extensive deal flow and investment experience will give CalCEF's program a critical jump start in the market."

Stephan Dolezalek, Managing Director of VantagePoint Venture Partners commented, "We are delighted to have CalCEF as a Strategic Limited Partner.
VantagePoint believes CleanTech is an increasingly important investment sector. We look forward to working with the CalCEF Board and with Nth and DFJ to commercialize technologies that will increase renewable energy utilization and bring new jobs to California and the other states that support this important growth industry."

About CalCEF

CalCEF is a non-profit public benefit corporation dedicated to making equity investments in clean energy companies. Established via the PG&E bankruptcy settlement, the Fund was created to deliver market based financial returns and positive environmental and economic returns to the PG&E service territory by providing an economic engine of growth and environmental improvements. CalCEF targets companies focusing on renewable energy, energy efficiency, energy storage, and other products and services that are designed to enhance the clean energy sector. Profits will be reinvested in the Fund.

The CalCEF Board of Directors blends public policy makers, investment professionals, entrepreneurs, and science and technology experts. Chaired by Michael R. Peevey, President of the California PUC, the Board also includes California Energy Commissioner Arthur Rosenfeld; Cal-ISO Board Member Mason Willrich; Mark Levine of Lawrence Berkeley Laboratory; entrepreneurs John Woolard and Tom Jacoby; Ralph Cavanagh of the Natural Resource Defense Council (NRDC); JPMorgan managing director Nancy Pfund; and former White House policy official Jonathan Foster. More information: www.calcef.org.

About Draper Fisher Jurvetson

Draper Fisher Jurvetson is the leader in seed stage and early stage venture capital. Since 1985, Draper Fisher Jurvetson has created a global network of affiliated venture funds with over $3 billion in capital commitments and offices in the major technology centers around the world. DFJ has proven expertise in identifying and helping extraordinary entrepreneurs who want to change the world. DFJ has launched DFJ AltaTerra as an affiliate venture fund focused on the clean technology sector. For more information, visit:
www.dfj.com

About Nth Power

Nth Power focuses on high-growth investment opportunities in the trillion-dollar global energy and utility marketplace. Nth Power began investing in 1997 and has over $250 million under management, with investments in energy intelligence, power reliability, distributed generation and related services. Nth Power's industry partners include leading electric and gas service providers and equipment manufacturers from around the world. More information: www.nthpower.com.

About VantagePoint Venture Partners

VantagePoint Venture Partners is among the most active and successful venture firms in the world with more than $2.8 billion of capital under management. The Firm invests exclusively in technology driven companies and is organized around deep expertise and resources in five principal areas of
interest: Semiconductors, Software and Internet, Communications and Systems, Healthcare, and CleanTech. VantagePoint is a multi-stage investor, investing in high growth businesses at all stages of development. The Firm believes in applying an active, hands-on and team oriented approach to businesses not only at the traditional early stage, but throughout a company's progression to scale. The Firm supports each of its portfolio companies with the resources of a dedicated team of VantagePoint professionals able to contribute a blend of company building, technology, operations, marketing, and corporate finance expertise. For more information, visit www.vpvp.com.

SOURCE: California Clean Energy Fund

Posted by Martin at 2:14 PM | Comments (0) | TrackBack

Biodiesel backgrounder with Euro slant

Want a 5 page overview of what is biodiesel and the state of the world industry? Here you go: Austrian report. Very eurocentric view, but clearly they are ahead. Great graphs.

Posted by Martin at 1:34 PM | Comments (0) | TrackBack

local oilseeds the key to B100 local production

Back in February, the Your Spokane Chamber put on an oilseed conference. There were over 200 farmers and others in attendance. The goal was to describe what is needed to get a western washington oilseed economy going. The link has all the presentations up there now. Very good presentations on the issues. While Seattle Biodiesel will be manufacturing diesel in Seattle, it will be importing it's oil from Iowa. Still paying lots per gallon to transport it. Get the oilseed closer to production and all of a sudden the price goes down. The two are closely linked.

Posted by Martin at 9:57 AM | Comments (0) | TrackBack

What is the exact wording of the IRS tax incentive for biodiesel?

Thanks Alexander for forwarding:
From: http://www.irs.gov/publications/p553/ch06.html#d0e2969

6. Excise Taxes

Table of Contents

* Changes Effective for the Fourth Quarter of 2004
o Vaccines
o Bows
o Repeal of Arrow Tax
* Changes Effective for the First Quarter of 2005
o Definition of Off-Highway Vehicle
o Air Transportation Taxes
o Dyed Diesel Fuel Used in Trains
o Dyed Diesel Fuel Used in Certain Intercity or Local Buses
o Inland Waterways Fuel Use Tax
o ********Alcohol and Biodiesel Fuels******* (my emphasis)
o Fishing Tackle Boxes
o Electric Outboard Motors
o Highway-Type Tires
o Aviation-Grade Kerosene
o Gasoline Registered Ultimate Vendors
* Change Effective for the Second Quarter of 2005
o Arrow Shafts
* Changes Effective for the Third Quarter of 2005
o Vaccines
o Heavy Highway Vehicle Use Tax (Form 2290)

Alcohol and Biodiesel Fuels

The reduced rates for gasohol and gasoline removed for the production of gasohol (IRS Nos. 58, 59, 73, 74, 75, and 76) and the gasohol related credits and refunds are eliminated. These lines will be deleted from Form 720. Tax is imposed by Code section 4081 on gasoline, including gasoline removed for the production of gasohol and gasohol, at the full rate of 18.4 cents per gallon and is reported on Form 720.

Two new credits, the alcohol fuel mixture credit and the biodiesel mixture credit, are allowed against the amount of tax imposed on taxable fuels under section 4081.

*

The alcohol fuel mixture credit is 51 cents per gallon of ethanol (60 cents per gallon for other than ethanol), and is claimed by the person producing the mixture.
*

The biodiesel mixture credit is 50 cents per gallon of biodiesel ($1.00 per gallon of agri-biodiesel), and is claimed by the person producing the mixture.
*

The credits must first be claimed as a credit on Schedule C (Form 720). Any excess credit may be claimed as a refund or as an income tax credit. Only one claim may be made for any particular gallon of alcohol or biodiesel.
*

Persons who blend biodiesel with diesel fuel to produce a biodiesel mixture must pay the diesel fuel tax on the volume of biodiesel in the mixture. A new line will be added to Form 720 to report this tax.
*

Persons who blend alcohol with gasoline to produce an alcohol fuel mixture must pay the gasoline tax on the volume of alcohol in the mixture. A new line will be added to Form 720 to report this tax.

Posted by Martin at 9:35 AM | Comments (0) | TrackBack

Senator Cantwell pushes new Biofuel legislation

Yesterday down at Seattle Biodiesel, Sen. Maria Cantwell (D-WA) launched her 20/20 leglislation. I was there and King 5 did a good story on it (with video): KING5.com | News for Seattle, Washington | KING5 Top Stories. The Seattle Times has a report as well. Komo4 was there but I can't find their report. I can't find a copy of the Cantwell legislation release on-line, but you can call Charla Neuman at 202-224-8277 for a copy (it should be on her site soon. Basically her "20/20 Biofuels Challenge Act" is a grab bag of incentives to get 20B gallons of domestically produced biofuels by 2020. An interesting tidbit she shared was that the cumulative testomy of people in DC pegs the "tipping point" at which consumers will flock to alternatives in mass as $2.50 per gallon for gas or diesel. Well we are darn close.

Maria asked me as an investor what I want the governement could do to encourage investment in biofuels. I said:

1. Extend the CCC credit. Currently it is set to expire in 2006 and has been cut recently. When an equity investor is investing alot in infrastructure with a 3-5 year payoff and the crop credits that equal profit are set to expire in one year, it is VERY hard to attract long term investors.

2. Make the tax incentive on consumption clearer and available for B100. Dr. Dan went through how the IRS tax credit is VERY hard for consumers running B100 to collect and VERY hard for retailers to pass on (since it is a tax credit and you need tax liability to use it therefore it is not a 1 for 1 reduction in the pump price). Some simplification and clarification of this program is needed so we see the retail price reflected.

3. focus on programs and incentives that drive down the price of the fuel in relation to petroleum. Do not worry about the vehicles. If the fuel is cheaper AND cleaner, people will buy the vehicles.

4. Take all federal and state taxes off domestically produced biofuels. Why not? If you want to incent the right behavior (conversion to domestic sources), then put the incentives in the right place. Tax the foreign oil and incent the domestic stuff. Simple.

I hope maria gets traction with this legislation.

Posted by Martin at 9:07 AM | Comments (0) | TrackBack

April 5, 2005

Want to be see some sickening oil stats?

Check out the Gibson Consulting Oil Industry page. They have charted the last 30 years of oil prices, listed the world's largest producers and consumers, and much more. Many good stats to quote to your friends. The exact size, shape and timing of the US dependence is also exposed in excrutiating detail. A fun if somewhat depressing read.

Posted by Martin at 11:09 PM | Comments (0) | TrackBack

April 4, 2005

NW Biodiesel event standing room only

Good coverage in the Seattle Times. The Seattle Times: Local News: Biodiesel enthusiasts revved up about alternative fuel's future. They managed to squeek my Touareg into the biodiesel auto carole which was fun. I wanted the Unimog there. Good speakers, 200 people over rated capacity. Things are definitely moving! Seattle Biodiesel is hiring!

Posted by Martin at 1:15 PM | Comments (0) | TrackBack