Posted on 10/10/2006 9:30:11 PM PDT by thackney
SAN RAMON, Calif. — Oil company Chevron Corp. on Tuesday said its alternative energy subsidiary has agreed to prepare a proposal to develop ethanol plants for Ethanex Energy Inc., a publicly traded renewable energy company.
Under the agreement with Ethanex, Chevron Energy Solutions will perform engineering studies and design work to prepare a detailed plan to build high-efficiency ethanol plants. Financial terms of the pact were not disclosed.
The proposal is expected to include details for Chevron to negotiate contracts to engineer and build at least three biofuel plants for Ethanex by 2008. The plants would be located in Missouri, Illinois and Kansas, and would each produce about 132 million gallons of fuel-grade ethanol per year.
Ethanol is produced from the sugar and starch in crops, and in the U.S. is made mostly from corn. Ethanol is used largely as a cleaner burning additive to gasoline.
Chevron shares dipped 15 cents in aftermarket activity to $63.75, after rising 66 cents to close at $63.90 on the New York Stock Exchange. Over-the-counter shares of Ethanex dipped a penny to finish at $4.64.
All finished. Notice the palm trees outside.
Remember, this is in the middle of the desert.The very HOT desert where temperatures get up to 120 degrees...Unbelievable!But trueThe INSIDE view:
great. More crap fuel.
If the iowa had their primaries last, people would laugh ethanol out of existance. Instead, it's shoved down our throats and subsidized at the same time.
All it needs is some Christmas trees.
and Jesus :-).
This is also move in the right direction and away from the politics of financing jihad killers and their breeding grounds. Get money out of the hands of all these damn terrorist states (including Venezuela). These shifts are our critical future, not just in the short run for the long haul.
this is excellent news, and long overdue.
this could be done in many places worldwide.
It would be a great advance, for poor countries
to make their own motor fuel.
here is a link to a different writeup.
http://pubs.acs.org/cen/news/84/i41/8441biofuels.html
the link I posted discusses ethanol from cellulose,
which, IMO, is a million times more important than
just another corn-to-ethanol plant.
the folks in Brazil pay 45% less for ethanol gas than the regular stuff - that is why 80% of the cars sold for the past three years run E85. They don't import one gallon of foreign fuel. Right now ethanol production in Indiana amounts to 5% of the corn crop. With some innovation - paid for by VC people like Vinod Khosla and Richard Branson we will soon be telling the folks in Saudi Arabia we don't need no stinking oil!!
What's the latest on cellulose ethanol? I know they are working on enzymes to speed up cellulose breakdown, right?
Jack Daniels has a nice one of those down in Tennessee.. :)
and in the U.S. is made mostly from corn.
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