Managing partner John Forrest says "There's no way we'd go ahead with this project" without the Tax Payers money.
Good grief there are a lot of red flags with that company...
This sounds like a classic case of the handout BEING the business plan. I pity the shareholders, if that is the case.
From 6 million gallons of what feedstock? Feedstock prices are rising, so if there isn't something in place, this could be a hollow pledge. The end of the article refers to their feedstock "preference", but I see nothing that will hedge this problem.
"as little as" is pure politician-speak. That will not be the case. Re-using heat simply CANNOT have that big of an effect.
But this takes the cake:
So the fact that they had a plant that BURNED DOWN is "among the strong points" and constitutes "solid biodiesel experience"?!
Yokayo Biofuels Facebook page
fueling / R \ evolution since 2001
I guess I haven't earned any "solid experience" in the last 4 years then, since I've never burned any part of my processor.
I had a heating element crap out once. I'm obviously way more experienced than you guys!
720K? That bunch of shysters will blow that in one night at the nearest gentelmans club.
It sounds like there are a lot of good goals...
You may be right about the feedstock issues:
I just wonder how many food processing plants would be required to produce the 6 million gallons of waste feedstock?
Also, many commercial plants I've heard of go upwards towards $100 Million... although I'm still not sure where all the money goes. I didn't see much discussion of a total construction budget.
So, if they had a BD Plant, and a fire...
Why didn't they rebuild?
Wasn't there insurance money?
Or were they just waiting for the government to kick in 3/4 million to get the rebuild started?
It is interesting the number of biodiesel fires that occurred as fuel prices dropped and the production of biodiesel became less economical.
To quote the words of the well respected biodiesel promoter and commercial brewer Lyle Estill last year in PA when ask about the blending tax subsidies supporting the industry; "Join us at the troth"
The money is out there, appropriated for all types of things that many of us may or may not agree with. But it only goes to the ones who take time to apply for it...
My wife's job as a purchasing agent in a small state and federal funded agency requires her to spend grant money all day long [millions per year]. Much of it goes for what I'd consider "stupid stuff", but if they don't spend what's allotted they receive less funding next year. So guess what happens..
You may not agree with who got the money. Maybe they are total bone heads and will burn down another plant, but with some research you can find which biodiesel producers took time to apply and how much they received.
Did anyone on here apply for a grant this year?
I suppose I would have used "trough" instead of troth, but then again, perhaps troth is more fitting than I first thought.
I constantly struggle with my position on this type of thing. Yeah...the money is already appropriated and is going to be spent, so I might as well be the one getting it instead of someone else. Yeah...that's ok. Everyone else is doing it...I want my share of the pie...I am owed part of the pie...get your hands off my pie!
Sort of like coming across a wallet with a drivers license, credit cards, and $1,000 in it. Hmmm....well, the wallet has been lost, along with the cash. I'll just take this cash and return the wallet. After all, the money was lost, so the owner has already "spent" the money since he does not have it to spend. Who carries $1,000 around anyway....rich bastard....probably some clueless pointy haired boss making money on the backs of his employees...Heck with him! I work hard...I want my share! This is my pie.
I think the above two things are equivalent, thus I tend not to belly up to the trough. Its to my detriment in many cases. But if I cannot look a productive tax paying citizen (such as myself) in the eye and say that by taking their money there is a direct benefit to society as a whole, then I don't accept their money.
"Don't complain about farmers with your mouth full."
"Arguing with a government inspector is like wrestling with the pig. You both get dirty but after a while you realize the pig enjoys it".
I will tell you from experience that right now some states are willing to throw money at companies willing to expand/move into their tax base. It's just the nature of the game. That being said, I don't know how WA managed to approve this project - unless they didn't do any due diligence.
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