If you would like more information about what’s happening in Oregon, please FReepmail me. Please send me your name by FReepmail if you want to be on this list. This is madness.
Oregon’s train to nowhere...
If you would like more information about what’s happening in Oregon, please FReepmail me. Please send me your name by FReepmail if you want to be on this list. aviation biofuels = DEAD-END
Thanks for the cash! It was great while it lasted. See Ya!
The money from Green projects doesn’t come from the product, it comes from construction subsidies. Developer/investment bankers make their money, then walk away as the project crashes and burns.
Yew want some fries wit yer avgas, pardner?
Funded mostly by every level of government: city, state and federal.
“Its development was supported by a $75 million funding award from the Department of Defense; fuel purchase commitments from FedEx and Southwest Airlines; more than $2 million in infrastructure improvements funded by the town of Lakeview and Business Oregon; and about $300 million in tax-exempt economic development bonds issued in 2018 through the state of Oregon.”
Our local government opened a single-stream recycling facility a few years ago, claiming it would be a “profit center” for the county. Now it loses several hundred thousand dollars each year.
At least no Cuomo was involved in its closing.
Which biofuels?
There’s ethanol and biodiesel. Other biofuels are strictly experimental and acknowledged money-losers. Ethanol, despite government mandate, has a profit margin based on the distiller’s grain by-product. I’m not sure biodiesel has any profit margin, even with mandates.
Biden will bail them out.
With help from Speaker McCarthy, of course.
Fracked oil production weakened bio fuels. Cheap utility scale battery storage will kill it.
a wholly owned subsidiary of Lebenhauer Enterprises...
Yeh, like I’d board a plane burning bacon grease for power!
Should be fairly easy to convert this complex into a mixed brewery/oil refinery….
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!
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: