posted
NBF - Nova Biosource Fuels is an up and coming company out of Houston,TX. I saw an article on the news last night about an old GE power generator being ressurected and used in The Woodlands, TX for electricity using this type of clean fuel. These uses will be popping up all over the country in the near future.
Just got a letter in the mail from a friend of my wife's that works with this company.
By Feb 2008 Nova Biosource Fuels will be producing 110 million gallons of Biodiesel, and 230 million gallons by 2009. That will make Nova the largest producer of Biodiesel in the country!
A good start!
Posts: 803 | From: Houston | Registered: Feb 2005
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Just got a letter in the mail from a friend of my wife's that works with this company.
By Feb 2008 Nova Biosource Fuels will be producing 110 million gallons of Biodiesel, and 230 million gallons by 2009. That will make Nova the largest producer of Biodiesel in the country!
A good start!
Posts: 803 | From: Houston | Registered: Feb 2005
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posted
Excellent chart! If you would have bought on the dip to $1.55 like most of the smart traders out there did, you would be sippin' sweet greeny right now:
Seneca biodiesel plant work begins 2007-04-17 Comment on this story
JONATHAN BILYK, jonb*mywebtimes.com, 815-431-4063
Biodiesel fuel should begin flowing out of Seneca by early next year once construction is completed on what will be the largest biodiesel production plant in the world.
Representatives of the company that will build and operate the plant, Nova Biosource Fuels, along with area legislators and others associated with the project, began the work Monday with a groundbreaking ceremony on the site.
Planned for 54 acres on Shipyard Road in Seneca, the plant, when completed, will produce 60 million gallons of so-called biodiesel fuel from several different feedstocks, including soybeans, rendered animal fats and restaurant waste.
Much of the plant's supplies and product will be shipped in and out by rail, as an estimated 300 to 500 rail cars are expected to be rolled in and out of the plant each month.
The $68 million facility will employ 30 permanent workers, Nova officials said Monday.
Nova Biosource Fuels Chief Operating Officer Jody Powers told a crowd of about 60 people assembled on the site for the groundbreaking Monday that the plant, in conjunction with Nova's three other biodiesel plants under development in Iowa, Wisconsin and Mississippi, will help America ease its dependence on foreign oil.
"From those facilities, we will produce about 100 million gallons of biodiesel every year," said Powers. "That is equivalent to 23 million barrels of oil each year, taking the need for that out of American markets."
American consumers now use almost 20 million barrels of oil each day, according to the federal government.
U.S. Rep. Jerry Weller, R-Morris, also addressed the audience, hailing the plant as "a winner," not only for the business interests involved and the village of Seneca, but also for the rest of the nation.
He noted the plant will buy soybeans grown by area farmers, as well as rendered animal fats and restaurant waste supplied by Joliet-based Lipid Logistics.
He said Nova Biosource also has contracted with local union construction firms to build the plant, including Vissering Construction from Streator, John Pohar and Sons of La Salle and Railworks Track Services of Minooka.
And Weller joined Powers in praising the biodiesel fuel the plant will produce, telling those assembled the fuel is both friendly to the environment and will help America reduce its consumption of foreign oil.
He noted the plant will be built on the site of the former Seneca Naval Shipyard, where local workers produced the LST landing craft that helped the United States defeat Germany and Japan in World War II.
"Today, we are celebrating a new tool on this site to help us win our war for energy independence," said Weller.
Seneca Mayor Kim Hill is pleased to see work on the plant begin, as well.
"It's so refreshing to have new industry coming into the village," said Hill.
He particularly is pleased by the prospect of the plant adding 30 workers.
He and Dallas Neil, Nova's vice-president for corporate development, noted Nova already has begun hiring, bringing on Benjamin VanVeckhoven, formerly of Orica Nitrogen, as the plant manager and hiring three other local workers as lead operators.
Neil said hiring will continue along with construction.
Posts: 803 | From: Houston | Registered: Feb 2005
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Nova Biosource fuels should be picking up revenue sources from production soon. They have had to buy back some production sites because of incompetent downstream investments but now have nearly total control of the processes for which they own the technology. They also want production sites close to distribution channels and feed stock.
Looks good, actually great, long term. They will be the largest producer of bio-fuels (made from garbage oils and feed stock) in the country.
It's clean and doesn't drive up the price of corn!!!!!!!!!!
That's exciting! If you're interested, check them out. Their website is in posts above.
Posts: 803 | From: Houston | Registered: Feb 2005
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I was able to get a little more information over Superbowl weekend.
Nova Biosource Fuels is very well aligned to start production soon. Setbacks have been overcome and revenue streams to start when production comes on line.
What I'm amazed at is that no one out there knows what the heck bio-fuel created from 'feed stock' is.
It's fuel created from by-products (fats, oils, meat by-products etc...). There are several formulas to process different types of input. Most importantly the 'feed stock' must be clean and free from plastics (ex: ear tags from cow heads), otherwise the solution gums up the machines.
That's one reason Nova Biosource Fuels purchased plants back from outside investors and now controls 95% of the equipment and plant sites.
They are still evaluating more sites (close to 'feed stock' sources in conjunction with distribution channels).
Use this information as you will. It comes from a very good source.
-------------------- Get In, Get Out...but Make Up Your Mind! Posts: 803 | From: Houston | Registered: Feb 2005
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Does this company use digesters like the ones in Idaho.They produce LPG from cow dung.Or is this the same as the tallow(white powder)produced from animal by-products.Some people can use vegetable oil in with diesel to burn hotter and cleaner.At about .28/gal it make a heck of an additive but will also burn faster and run hotter.Pyrometers and turbos will have to be monitored closer.Excessive heat and lower mpg and less pulling power in diesels.If it is what I am thinking.A great way to use by-products from waste other than to slop the hogs.
Looking at other places on their website, they have done a great job of positioning themselves with the technology.
It will be the cleanest burning biodiesel on the market with no modifications needed for the engines that use it. Their technology is a breakthrough that reduces the production costs by about 35% so it will be very profitable.
This company will grow in leaps and bounds very soon.
Posts: 803 | From: Houston | Registered: Feb 2005
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Price shot up in after hours trading. It will open at 2.07 or better on Friday.
Posts: 803 | From: Houston | Registered: Feb 2005
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Virgin 747 flew across Atlantic with 25% biofuel proving the use of it. Jets should be able to use about 40% biofuel mixture with no engine changes.
There are a lot more sources of biofuels than seed oils, corn, coconuts,etc...
Feedstock, people, feedstock!!! Taking a substance that is already waste and turning it into fuel...now that is genius!!! Carcus remains from food plants (cow, chicken, fish)and used cooking oils from McDonalds are perfect sources.
NBF refines this stuff into better biofuel than is currently available!!!
Posts: 803 | From: Houston | Registered: Feb 2005
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