Thursday, July 15, 2010

"Steady_T" staunchly objects to skeptic's P2O comparison

JBI competition ? maybe not.

imba please look a little deeper on your links before you proclaim them as ones " that make JB's p2o look like a redneck's moonshine"

Your first link.

Status as of February 2009

A May 2003 article in Discover magazine stated, "Appel has lined up federal grant money to help build demonstration plants to process chicken offal and manure in Alabama and crop residuals and grease in Nevada. Also in the works are plants to process turkey waste and manure in Colorado and pork and cheese waste in Italy. He says the first generation of depolymerization centers will be up and running in 2005. By then it should be clear whether the technology is as miraculous as its backers claim."[23]

However, as of August 2008, the only operational plant listed at the company's website is the initial one in Carthage, Missouri.[24]

Changing World Technology applied for an IPO on August 12; 2008, hoping to raise $100 million.[25]

The unusual Dutch Auction type IPO failed possibly because CWT has lost nearly $20 million with very little revenue.[26] [27]

CWT, the parent company of Renewable Energy Solutions, filed for Chapter 11 bankruptcy. No details on plans for the Carthage plant have been released.[28]


Reports in 2004 claimed that the facility was selling products at 10% below the price of equivalent oil, but its production costs were low enough that the plant produced a profit. At the time it was paying for turkey waste (see also below).

The plant then consumed 270 tons of turkey offal (the full output of the turkey processing plant) and 20 tons of egg production waste daily. In February 2005,[13] the Carthage plant was producing about 400 barrels per day (64 m3/d) of crude oil.

In April 2005 the plant was reported to be running at a loss. Further 2005 reports summarized some economic setbacks which the Carthage plant encountered since its planning stages. It was thought that concern over mad cow disease would prevent the use of turkey waste and other animal products as cattle feed, and thus this waste would be free. As it turned out, turkey waste may still be used as feed in the United States, so that the facility must purchase that feed stock at a cost of $30 to $40 per ton, adding $15 to $20 per barrel to the cost of the oil. Final cost, as of January 2005, was $80/barrel ($1.90/gal).

The above cost of production also excludes the operating cost of the thermal oxidizer and scrubber added in May 2005 in response to odor complaints (see below).

A biofuel tax credit of roughly $1 per US gallon (26 ¢/L) on production costs was not available because the oil produced did not meet the definition of "biodiesel" according to the relevant American tax legislation. The Energy Policy Act of 2005 specifically added thermal depolymerization to a $1 renewable diesel credit, which became effective at the end of 2005, allowing a profit of $4/barrel of output oil.

As for the second link:

shut-down order

Michael Spitzauer, CEO, said that his company's municipal-waste-to-power process does not emit the compounds in question, and that the Washington State Ecology Department's concerns are unfounded in which they claim GPI has "not provided adequate compliance with the environmental air quality regulations."

by Sterling D. Allan
Pure Energy Systems News
Copyright © 2009

This is a photo I took in May 2008 when I visited the plant just after it was first operational.

Green Power Inc (GPI) of Pasco, Washington, who has a technology to turn municipal waste into high-grade fuel and electricity, was ordered Wednesday by the state's Ecology Department to shut down within three days because they have "not provided adequate compliance with the environmental air quality regulations."

That pretty much says it all for Green Power Inc.

Well, not quite it turns out.


* Green Power Inc CEO under investigation - Green Power CEO Michael Spitzauer is the subject of an investigation by the Securities Division of Washington state's Department of Financial Institutions. He also has been sued by business partners..., and he's been sued at least three times in the last year in Franklin County Superior Court for failure to pay bills. (News Tribune, Tacoma, WA; August 11, 2009)

No comments:

Post a Comment

Please comment on this post.

Note: Only a member of this blog may post a comment.