Green-Energy Plant Sucks Up Subsidies, Then Goes Bust

Washington Examiner ^ | February 6, 2011 | Timothy P, Carney

[chainsaw]

A South Georgia plant that turns wood waste into fuel

Waste wood is already fuel. Why convert it to anything?

[exDemMom]

You can get energy out of wood. Just burn it to heat the water to run the generators.

[Republic of Texas]

$76 Million. Wasted.

[q_an_a]

There are some hold ups as builders are ahead of power lines, but in 2009 a multibillion dollar program to build was started.

http://www.lcra.org/newsstory/2009/crezorder.html

In 4 years there will be many more miles of transmission - one problem is folks don't want the line in their back yards. For example, Denton county residents are fighting and thus have delayed some of these lines.

[pointsal]

Good post...thanks for the concise summary.

[Fellow Traveler]

Sad thing is I know of a lumbermill in east Texas that does that already. It has been running since the mid 90’s. The guy has a small 3 megawatt generator boiler setup that is fueled primarily by wood waste. Thye also sell the wood ash for use in other processes.

[wbill]

if only the tax payers would give them 500000 million start

Dude, if you gave me 500 Billion dollars, I could build, market, and distribute absolutely anything that you would like. :-)

[Buckeye McFrog]

the Synfuels Corporation of the 70’s....history just keeps repeating itself and yet people don’t learn

[org.whodat]

First check would be that salary, and the second would be that bonus, you have worked so long and hard for, making nothing. LOL, but of course the third check would be that million dollar plus retirement nest egg. My former defeated congressman got a several million dollar earmark for a guy where I live to build and start a free sea food distribution. The bank foreclosed on the new building about four years ago, it is still empty, don’t know where the guy and his nest egg went to.

[The Great RJ]

We need to get off this ethanol kick. Ethanol regardless of how it is made is a poor motor fuel generating about 40% less energy per gallon than gasoline. Ethanol gasoline blends give lower miles per gallon and thus any saving in oil is illusory. If a 10% blend of ethanol and gasoline gives you about 10% less gas mileage where is the savings? The whole ethanol fuel industry exists purely because of these government subsidies and does nothing to end our dependence on foreign oil imports.

[SunkenCiv]

That’s because it’s the fault of capitalists. ;’)