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Entries Tagged as 'biodiesel'
A news report of an Ag-breakfast meeting forwarded to me by reader Rob B. indicates that production at Nova Biosource Fuels is proceeding apace. The second of three lines is apparently functioning well and the third one is scheduled to begin shortly.
Running three lines simulataneously is a piece of cake in theory but in practice it could be very tricky. So this progress is very good news but there is significantly more good news required before the companies (fast dwindling) fans breath easy.
Another issue, as highlighted in my last comment …
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Tags: biodiesel
It appears that the biodiesel tax credit will be extended by one year if the Farm Bill is passed as recently drafted. If so one major reservation about the future of Nova Biosource Fuels (NBF) will have been temporarily resolved (until next year). A second question has been the ability of management to bring on line the complex 3-phase 80 mg/y Seneca, IL plant using cheap high-FFA (free fatty acids) feedstock. The company’s recent press release indicates it is operating the first phase at capacity, has produced …
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Tags: biodiesel
My previous report relating to Nova Biosource Fuels, Inc (NBF) indicated doubts about 1.the renewal of the biodiesel tax credit and 2.management’s ability to bring the complex start up issues of their new plant to a successful conclusion. Both matters have become more questionable since then. A report by AgWeb.com reads in part as follows: “Note: The farm bill will not include a one-year extension of the biodiesel tax incentive program, which is due to expire at the end of 2008. One …
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Tags: biodiesel
Nova Biosource Fuels, the one “venture capital” sort of holding in the EIS portfolio, today reported that its primary plant in Seneca, IL has successfully begun production with the first of the three 20 mg/y lines now operating. That is a major milestone. It’s not as good as having all three up and going, but it is certainly good news.
On the other hand, NBF suffered a setback when a pump broke and apparently caused major damage to the Scott Petroleum plant that NBF built and owns a 50% interest in. …
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Tags: biodiesel · ethanol
Bio-diesel may become a significant part of the transition from petroleum to electricity by easing the pain of insufficient oil production. This article lays out the advantages from the perspective of India, including better performance in the engine and ecological benefits. There is no reason that all oil importing countries may not reach similar conclusions as soon as the technologies are in place. Md Jamilur Rahman, 21 February 2008, Thursday 
Views:: 370 Comments: 3 …
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Tags: biodiesel
