Biodiesel, Sneak peek: Take a tour of Lake Erie Biofuels

Now, we need to get the Erie County School Board on to purchasing bio-diesel for the school buses.

God will protect Erie, Pennsylvania in the name of Jesus Christ.

Yawn, wake me up when the bio fuels industry can compete against $4.50/gallon diesel with out taxpayer subsidies.
p.s. Thanks for raising the price of food worldwide.

Black said the new plant has not yet reached full efficiency, and when it does, it should easily reach its capacity of

...HEY WHAT'S THIS "45 million gallons a year".

Biodiesel is a fuel made from animal fats or vegetable oil. It is mixed with petroleum-based diesel to make more environmentally friendly diesel fuel and home heating oil.

Lately there have been questions raised about biofuels. Some producers in Pennsylvania say they are threatened by competition from other states and might go out of business if Pennsylvania doesn't match the production incentives that other states offer.

Also, the price of soybean oil -- the preferred feed stock for biodiesel --has skyrocketed, and some are questioning the sustainability of using foodstuffs for fuel.

But Black told the touring officials that his plant is doing well.

Black and Noble told the visiting officials that Lake Erie Biofuels has advantages that have helped it thrive.

Volume is one big advantage. The capacity to produce

...HEY WHAT'S THIS.."45 million gallons a day" carries

weight with suppliers and customers.

Is it a day or a year??????

Julie Marie Rieder wrote:

God will protect Erie, Pennsylvania in the name of Jesus Christ.

no god won't..........

I'm told this plant is "off line", or close to it. What's the real story on this place.

test

Tom wrote:

Yawn, wake me up when the bio fuels industry can compete against $4.50/gallon diesel with out taxpayer subsidies.
p.s. Thanks for raising the price of food worldwide.

Hilarious... you should run for president

Former Employee to Imperium: You’ve Been Served
May 30, 2008 at 10:37 AM
A former Imperium Renewables employee has sued the beleaguered biodiesel company. Kenneth Orr, the company’s former managing director of trading and commodities, is suing his former employer for $12 million, seeking double damages, attorney’s fees, and interest. Orr had earned $58 million buying and selling biodiesel commodities and, according to the complaint, he was entitled to a 10 percent bonus on his trading activities that was never paid out. Prior to his firing in January 2008, Orr alleges Imperium closed down the company’s commodity trading section and transferred his bonus to a group of Imperium subsidiaries as a way to stem the company’s capital hemorrhage.

January was a tough time for the Paul Allen-back company. Within a span of three weeks, Imperium stepped back from a planned $345 million IPO, kicked out CEO Martin Tobias, and laid off most of its corporate work force. Also canned were a three plant expansion plan, of which included a signed $90 million contract with Hawaiian Electric. Imperium has responded to the lawsuit by saying Orr was fired because the company experienced a cash shortage at the end of 2007 (despite raising $213 million in VC and debt financing that year), and his operations were closed down to free up some extra capital.

Imperium fell victim to its own shortsightedness. Palm oil prices soared $153.40 in four months, while rising demand in consumer markets closer to the production sources in Malaysia and Indonesia constrained the supplies available to Imperium. Maybe closing down trading operations wasn’t such a hot idea - spot markets are dangerous places for the uninitiated. But, then again, that’s what you get when you let a former web entrepreneur run a fuel company.
Daniel Englander

According to a national survey all US biodiesel plants are running at less than 30% capacity. With all feedstock prices including animal fat hard to get and animal prices going through the roof, many biodiesel plants are shutting down. Give us a break.

Is this a sneak peak for a biodiesel museum?

Word on the street is CEO of EMG dropped ???

That place is a sham. All of the big dogs down there have there hands in blacks pocket.