Refiners Fined for Failure to Use a Non Existent Fuel

Refiners Fined for Failure to Use a Non Existent Fuel

PostBy: Richard S. On: Fri Jan 13, 2012 7:26 am

http://www.nytimes.com/2012/01/10/busin ... .html?_r=1
When the companies that supply motor fuel close the books on 2011, they will pay about $6.8 million in penalties to the Treasury because they failed to mix a special type of biofuel into their gasoline and diesel as required by law.
Green

But there was none to be had. Outside a handful of laboratories and workshops, the ingredient, cellulosic biofuel, does not exist.
Richard S.
 
Stoker Coal Boiler: Van Wert VA1200
Coal Size/Type: Buckwheat/Anthracite

Re: Refiners Fined for Failure to Use a Non Existent Fuel

PostBy: CapeCoaler On: Fri Jan 13, 2012 9:36 pm

CapeCoaler
 
Stoker Coal Boiler: want AA130
Hand Fed Coal Stove: DS Machine BS#4, Harman MKII, Hitzer 503,...
Coal Size/Type: Pea/Nut/Stove

Re: Refiners Fined for Failure to Use a Non Existent Fuel

PostBy: Richard S. On: Fri Jan 13, 2012 11:09 pm

Thanks for the links, I followed up on one and came across this. Looks like another company that has been given a huge sum of money and failed:

http://www.bloomberg.com/news/2012-01-0 ... atech.html

Range Fuel’s plant, located in Soperton, Georgia, was completed in 2010 and was shut in January 2011 without ever producing ethanol. It was designed to process wood chips into as much as 10 million gallons (37.8 million liters) of biofuel a year with plans to expand this to 100 million gallons.

The Agriculture Department announced an $80 million loan guarantee for the project on the final day of President George W. Bush’s term. The Energy Department, under the same administration, offered a $76 million grant for the plant.

Range received $46.3 million of the grant and $42 million of the guaranteed loan, before the outstanding balance was repurchased by the Agriculture Department Nov. 17, according to an Agriculture Department document. Broomfield, Colorado-based Range received more than $160 million from private investors before shutting the plant.
Richard S.
 
Stoker Coal Boiler: Van Wert VA1200
Coal Size/Type: Buckwheat/Anthracite


Re: Refiners Fined for Failure to Use a Non Existent Fuel

PostBy: SMITTY On: Fri Jan 13, 2012 11:15 pm

You beat me to it Richard! I came across this story the other day ... and had the usual "what the hell could POSSIBLY be next" thought. Unbelievable.

I'm wondering when they're going to mandate homeowners to burn ONLY this unobtanium ghost fuel ...... :gee:
SMITTY
 
Stoker Coal Boiler: Patriot Coal - custom built by Jim Dorsey
Hand Fed Coal Stove: Harman Mark III (not currently in use)
Coal Size/Type: Rice / Blaschak anthracite
Other Heating: Oil fired Burnham boiler

Re: Refiners Fined for Failure to Use a Non Existent Fuel

PostBy: CapeCoaler On: Sat Jan 14, 2012 12:18 am

Not too bad $240 million from investors an the Gov...
The top dog walked with some nice change I bet...
CapeCoaler
 
Stoker Coal Boiler: want AA130
Hand Fed Coal Stove: DS Machine BS#4, Harman MKII, Hitzer 503,...
Coal Size/Type: Pea/Nut/Stove

Re: Refiners Fined for Failure to Use a Non Existent Fuel

PostBy: samhill On: Sat Jan 14, 2012 11:52 am

Wonder if Range Fuels is a division of Haliburton.
samhill
 
Hot Air Coal Stoker Furnace: keystoker 160
Hand Fed Coal Stove: hitzer 75 in garage
Stove/Furnace Make: keystoker/hitzer
Stove/Furnace Model: koker 160/ hitzer 75

Re: Refiners Fined for Failure to Use a Non Existent Fuel

PostBy: Richard S. On: Sat Jan 14, 2012 1:33 pm

samhill wrote:Wonder if Range Fuels is a division of Haliburton.


Unlikely ANY traditional energy company was involved with this. My understanding is most won't touch these projects with a ten foot pole for the very reason this topic was started.

Other than the risks even with the government involvement they are also have concerns the government will pull the rug out from under them. For example how many billions of dollars in private investment goes down the drain if the ethanol mandate is removed?
Richard S.
 
Stoker Coal Boiler: Van Wert VA1200
Coal Size/Type: Buckwheat/Anthracite

Re: Refiners Fined for Failure to Use a Non Existent Fuel

PostBy: Smokeyja On: Mon Jan 16, 2012 12:02 pm

What's next? Sh*t powered cars and houses GO GREEN :sick: The ULTIMATE BIO fuel!
Smokeyja
 
Baseburners & Antiques: Glenwood #6 baseheater
Coal Size/Type: Nut / Anthracite