The bio fuel plant you spent tens of millions on is ready to go full steam ahead.
The thing is to move forward really means it moves backwards. People are starting to ask questions. Some of the comments in the news story say it great so here they are.
If this plant produces 250,000 gallons of ethanol per year then it is only producing $500,000 per year of cash value as the current market price of ethanol is ~$2.00/gal.. If the plant cost $40,000,000 when will Tennessee taxpayers ever receive the return on the investment. It would take 80 years to pay it off. Will the current plant have the capacity to make larger annual volumes of ethanol? If so, what is the projected capacity?
We need energy development that is cost effective. Nothing presented in the article would substantiate that.
Just looking at the picture, makes me think the administration facility is almost as large as the manufacturing facility. That means,to me, that the government paper shufflers will out number the producers. There goes your 500 grand Drummer.
Corn cobs are a by-product of food consumption, either for livestock or humans. Switchgrass is raised on valuable food supply land, either for livestock grazing or cultivation.
What a scam. The questions continue for ORNL and UT. The legislature should not let Bredesen simply put this all under the rug.
What really happened with the Mascoma relationship?
What are David Milhorne and Thom Mason telling Bredesen now?
Why did plans change from 5m gallons to 250k? When did Bredesen really know?
Has ORNL lived up to its promises and cost matches?
Who gets the profits from the Intellectual Property developed as a part of the deal? State? UT? ORNL? Mascoma? DuPont? Follow the real money trail to determine if this is a good deal.
What did ORNL and UT officials really promise Bredesen and the legislature?
This deal stinks worse than odor of the plant.
Sticky questions. The gov. pushed hard on some promises of more investments and investors by the new year. Tom Humphrey asked the question around Christmas. We heard the talk. It is time to show us the money!