BioEnergy Generation
USINFO | 2013-12-18 17:47

·The following represents a general description of the bioenergy generation industry within the geographical scope of the regional center.
·The process calls for the retrofit of existing non-operating ethanol plants to bring these plants back into production and to upgrade them to enable the plants to replace a portion of the corn used for ethanol production with renewable biomass and agricultural-waste feedstocks such as corn stover, wheat straw and switch-grass.

·The State of California mandates that every gallon of gasoline sold must include ten percent (10%) ethanol.
·Estimated market demand is 1.4 billion gallons per year and there is insufficient supply to meet this demand. California is the 3rd largest biofuel market in the world.
·The California Energy Commission recently announced an ethanol production incentive to help restart idle ethanol production facilities by providing price assurance.
·Protected profit margin.
·California's Low Carbon Fuel Standard (LCFS) mandates alternative fuels be produced within California starting in 2011.
·U.S. government Renewable Fuel Standard (RFS) has mandated the production and use of cellulosic (non-food) based biofuels in 2010 and beyond.

·Four of the largest ethanol plants in California are currently not operating and are available to purchase.
·The project has an opportunity to produce a large percentage of ethanol mandated by the State, and to take advantage of premium pricing and production incentives.
·Low production costs and Federal Tax Credits for cellulosic ethanol production (tax credit of $1.01 per gallon)

Other Alternative Energy Projects
·Advanced Technology for Fossil Fuel Oil Extraction
·Solar Power Generation
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