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"Vetrolium" From Agricultural Waste
junctionvin writes "The company Sustainable Power Corp. claims to have created a form of bio-crude oil from agricultural refuse. They use agro-waste from cracked soy beans, rice and cotton seed hulls, grain sorghum, milo, and jatropha and turn it into bio-crude oil. This crude can then be further refined into everything from gasoline to jet fuel and just about every petrochemical in between. The CEO is quoted: 'Our biggest problem is that we are too good to be true. We can literally replace every gallon of gasoline, diesel and jet fuel in the United States using just 12 percent of the waste byproducts in the country.' They also claim that their fuel burns to near 100 percent efficiency." The article doesn't mention what price the "vetrolium" would command in today's market or going forward, except to report the CEO's promise "to one day sell his gasoline for $1 less than the pump price for regular fuel, no matter what the cost. 'Even if it's $2 per gallon, I'll sell mine for $1,"' he said."
vaporware, literally.
"If still these truths be held to be
Self evident."
-Edna St. Vincent Millay
tfa says it burns without generating any heat. i'll be taking a bath in this stuff every night, setting myself on fire, and running around the block screaming. i think the neighbors will get a real kick out of it.
and it will burn off completely. when it's done- no odor or residue. i mean how great can it get?
It's hard to believe that's how Micronians are made. Why don't we see it right now by having you both kiss one another?
Perhaps, but ever time I hear something like this, I still have the hope it really is true. Each time I'm wrong, but who cares! It would be awesome!
Sounds like a pump and dump to me. Their stock is at approximately nothing, this claim has no actual details of process. It also violates common sense (complete combustion from a hydrocarbon? They're not zero impurity fuels), and promises an astounding return from the use of a waste product. They make claims that they can put it into production very quickly, which is extremely unlikely given the issues with biofuel scaling.
From their website:
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors available from the Company.
I think that sums it up nicely.
ad logicam Claiming a proposition is false because it was presented as the conclusion of a fallacious argument.
Sure they can make a lot of crude and fertilizer out of their agricultural waste, but how much energy are they using to convert it? It's all good and wonderful that they can make gasoline out of "waste", but if the energy costs to convert it are more than the production and transportation costs from other sources, either conventional or unconventional (oil sands for example), they may not really be accomplishing anything useful... However, if they were using say a nuclear plant to power their conversion, that'd be a different story.
I'm critical, not cynical...
Algae biodiesel is far more advanced as vaporware than agricultural waste biodiesel. It claims 10,000 gallons per acre; whereas this agri-waste one claims 6 gallons per bushel. I heard that agri-animal-waste biodiesel claims 1000 gallons per cow. We need more consistency in our inflated vaporware numbers!
Fuels from bodily waste. Will you choose peesel or shitroleum?
Only three things are certain; death, taxes, and apocryphal quotations - Ben Franklin.
They could just start making fuel and sell it on a small scale, then plow their profits back into their production facilities.
Apple was profitable from Day One.
This would be too, if it actually worked.
The fact that they're not just doing it means they can't.
We must be alert to the danger that public policy could become captive to a scientific-technological elite. - Eisenhower
But agricultural waste is chock-full of valuable organic substances. It should be composted and returned to the soil so that it can fertilise the next year's worth of food. Burning it up is not all that different from burning corn in the form of 'ethanol' (really, just whiskey): it's just another way to take the last remaining topsoil in the United States and use it to fuel our car addiction, not entirely different from a junky selling his blood every day to get his fix.
http://www.natchezdemocrat.com/news/2007/sep/28/judge-oks-rivera-fraud-suit/ Yup, do people that get scammed by these people not have access to google? That took me 32 seconds to find.