Posted on 01/08/2023 11:47:18 AM PST by mac_truck
Fracked oil production weakened bio fuels. Cheap utility scale battery storage will kill it.
a wholly owned subsidiary of Lebenhauer Enterprises...
This is curious, is it correct? Who lost out on the deal?
https://www.greendiamond.com/news/pdf/Oregonlive%20Biofuel%20Article_ORO.pdf
The project got a major boost in January when Oregon Gov. Kate Brown approved $245 million in bonds for Red Rock Biofuels. With the state’s backing, the project owners get tax exempt status on that portion of their borrowing, and lower interest costs. But taxpayers are not on the hook if the project goes belly up.
“There’s zero risk to the state,” said Laura Lockwood-McCall, director the Treasury Department’s Debt Management Division.
Yeh, like I’d board a plane burning bacon grease for power!
“but if you stop growing food how you going to make bio-fuel from people ? LOL’
Buy stock in wood chippers!
Sounds like Communist Chinese Real Estate model.
Look out California, here comes Oregon.
Should be fairly easy to convert this complex into a mixed brewery/oil refinery….
Exactly, You Beat Me To It!
What the hell is this guy doing with all his money? According to the latest SeeBS and YouBGov “poll”, Brandon’s ‘conomy is boomin’ and the demented pedophile is killing it! LOL.
Well, sir, there’s nothing on earth
Like a genuine, bona fide
Electrified, biofuel refinery
What’d I say?
Biofuel!
The USAF has successfully flown — I think it was a C-141 or KC-135 — on biofuel but it was like a lab experiment, not scalable and not economic.
So the bond investors are the ones on the hook?
Who is Red Rock Biofuels?
Principals: Terry & Kathy Kulesa. Registered address (with Oregon Secretary of State): 1001 E Harmony Rd, Fort Collins, CO. Also using mailing address of: 4745 Boardwalk Dr, Unit 101, Fort Collins, CO.
The Boardwalk Dr address?
It comes back as Tesla Certified Solar Roofing installer, “Tesla Solar Fort Collins”
https://tesla-solar-fort-collins.business.site/?utm_source=gmb&utm_medium=referral
Curiously, the name is NOT registered with the Colorado SOS.
Neither are the Kulesas listed among any business whatsoever in CO (or any others in OR).
Terry Kulesa has a linkedin page citing him as CEO of Red Rock Biofuel Holdings
https://www.linkedin.com/in/terry-kulesa-36a44310
with education originating from University of Minnesota.
His linkedin page links to a website for IR1 Group (Kulesa is pictured), along with co-founder and CFO Jeff Manternach and managers Jim Moore & Joe Winckler.
Ironically, Terry Kulesa was quoted as saying in 2015:
“Any renewable power is going to flow where it gets the best return. That’s just Business 101,” he said. “It’s going to flow to who wants it the most.”
https://choosesq.com/press/clean-fuels-standoff-could-put-republicans-on-thin-ice/
Clearly Red Rock’s insolvency is evidence of ‘lack of demand’.
Red Rock was awarded almost $300k grant for “a demonstration study to look at the feasibility of building a facility capable of converting post-fire charred waste to aviation and renewable diesel fuels, according to a press release from the U.S. Forest Service. The grant is one of many awarded by the Oregon Secretary of Agriculture. “
The problem is that the story suggests that Kulesa is no longer associated with Red Rock at that time (June 2022).
“The Examiner reached out to Red Rock through its media inquiries email for clarification on this, as it was reported by multiple news outlets in February — including the Examiner — that Red Rock had parted ways with Manternach and Kulesa.”
As cited by the OP, Chip Cummins became interim CEO after Kulesa’s exit. I found even less on Chip Cummins, though he’s Executive Director of RPA Advisors (which lists Red Rock among its ‘selected cases’).
https://www.linkedin.com/in/chip-cummins-19685937
https://rpaadvisors.com/our-team/chip-cummins/
In short, he’s a specialist in ‘managing’ firms in financial trouble.
Frankly, this Red Rock thing smacks as finance subterfuge (i.e., ‘fraud’).
Obviously, Tesla Solar Fort Collins is a front. Why would a biofuels investor originate from a fake business in another state?
I’d have to do a deep dive on the players, but I’m very suspicious of who is supporting Red Rock (and where the money went).
Background:
“Red Rock Biofuels launched efforts nearly a decade ago “
So around 2013 huh? same time as the Solyndra debacle. Sounds like another rousing Obama success story.
Would have worked if they just had the right people running the place. Will probably work next time if they pick better people and have more government money.
Joining WPPSS in an enormous waste on money
The money from Green projects doesn’t come from the product.
Xi snickers counts money
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