Remember – as the cost of conventional fuel rises, these projects will become cost competitive!
Court documents confirm Toronto-based KPMG has been appointed as the receiver for Great Lakes Biodiesel (GLB), along with associated companies Einer Canada and Bioversel Trading.
It’s the latest chapter in the rocky history of Great Lakes Biodiesel, which opened the production facility in Welland at the end of 2012 to convert canola and soybean oil into biodiesel.
Luxembourg-based investment company Heridge SARL launched the court case because it says it was only repaid half of a $20-million loan used to get GLB’s Welland plant off the ground.
h/t John Galt
65 million dollars of taxpayer’s money just got flushed down the toilet and a bunch of lawyers will soon be able to buy a second home on the lake!
The great green lie continues!
If it weren’t for the depravity of growing food to burn as fuel it would be laughable!
Biodiesel. Another Green Energy success story.
Hudak promised to pass legislation to mandate that all diesel in the province of Ontario would contain a minimum percentage of the stuff.
actually the green movement is a great success as planed. the great unwashed masses were fleeced of their money which went into the hands of the green crooks and shysters.
“Allen said he believes GLB might have been relying on the federal cash to make its business model work.”
File that under, “No shit, Sherlock.”
Actually, if you read the story, it seems the Feds didn’t give them the 65 million, hence the receivership.
The whole point of this farce is to collect the 65 million. None of his crap survives without subsidies.
can I respell that to “as planned”
“Allen said he believes GLB might have been relying on the federal cash to make its business model work.”
The only folks that would buy into this nonsense are civil servants with brain activity equal to a piece of lint. The AGW creeps have impregnated the MSM & political whores.
100% of the bio-mass of the planet, for ~ 2 billion years, are the source of petroleum resources. What mathematical fool would think that .0001% of land mass (Bio-mass)used to create Biodiesel, for 1 year, would have a significant impact on petroleum use or future reserves.
It is the converting of food, or the bastardization of science, for Government money that makes a Green Business model.
The death of the biofuel scam may be an unintended benefit of OPEC’s price war against fracking/shale oil/tarsands. And even a drastic reduction in fossil fuel production in NA is not all a bad thing, the resources will still be there when my children or grandchildren need them.
Biofuel has a lot in common with windpower. If our population were to drop by about 98% it could work. As it stands it’s just another tax sucking scam that is anything but green.
Farmers can grow all the fuel they need for their vehicles, biodiesel and ethanol for every piece of equipment, they must be laughing all the way to the bank…
Or they don’t actually use that crap unless the government pays them to…
This study Published by a US Navy Captain…really tells it like is … a Full Blown bowl of Bio-Degradable Bullshit.!
http://www.au.af.mil/au/ssq/digital/pdf/spring_13/kiefer.pdf
Yeah well, there is a notable amount of evidence that (with the exception of coal/lignite) that so called “fossil fuels are abiotic….
The chaotic atmospheric events of a magnetic reversal are probably the source of petroleum. The ancient Indian Vedas speak of petroleum falling like rain…. Russian/Soviet geologists evolved a theory that petroleum is abiotic.
The common presence of methane in the atmospheres of planets/planetoids (such as Jupiter’s moons) with no evidence of sustaining life indicates that methane formation is a natural chemical process independent of life.
Labeling petroleum and NG fossil material is as silly as Ehrlicks “peak oil”…”peak food”……
If abiotic oil is a real thing, why have attempts to find it been so singularly unsuccessful?
And so spectacularly expensive, as Sweden’s 1980s mohole project shows. As we both know, when evidence collides with hypothesis, guess which one is wrong?
Perhaps it’s time that before one cent of taxpayer money goes into any scheme the net worth statements of the principals involved should have to be logged with the government and a limit placed on their income while receiving this subsidy. Far too often, those raping the taxpayer walk away with all the perks and none of the risk.
“…Farmers can grow all the fuel they need for their vehicles, biodiesel and ethanol for every piece of equipment, they must be laughing all the way to the bank…”
Only as long as corn is up around $300 a tonne. If it isn’t, then it supposedly “proves” the absolute necessity of a “risk management program”.
Risk Management Plan: old Cree word for “white taxpayers better stock up on corn-sourced Vaseline”.
Wal ya might start by ‘splainin’ how NG (lighter than air) ended up at such abysmal depths in the earth’s crust such as the Marcellus Shale….
That’s a bigger hurdle than how fracking liquids and NG can migrate upward through 2-3 miles of impermeable granite….in such bizarre spots such as “Burning Springs”….
“…Farmers can grow all the fuel they need for their vehicles, biodiesel and ethanol for every piece of equipment, they must be laughing all the way to the bank…”
Only as long as corn is up around $300 a tonne.
Posted by: Jamie MacMaster replied to comment from Philanthropist
Philanthropist is correct, MacMaster is misinformed.
Many farmers grow their own biodiesel fuel successfully from soy and canola.
Educate yourself here:
http://youtu.be/jbECYEJWyoM
Not much farm equipment uses ethanol. Biodiesel is a successful fuel with a 1:3 EROI [same as oilsands], ethanol is a scam that barely returns the energy invested at best. Details are important for the truth.
Diesel fuel all across Canada contains a few percent biodiesel. It’s required by law to meet lubricity standards for ULSD. As well it makes diesel fuel burn cleaner which reduces harmful diesel particulate pollution.
OBAMAS A FINK
Read the article instead of jumping to unfounded conclusions to advance an agenda.
The 65 million was never given to the company, the govt backed out of the funding commitment, because the company failed to repay the private sector [Heridge SARL] loan to build the plant. Heridge SARL intends to run the plant if their bid to purchase is successful.
Details are important for the truth. Erroneous assumptions are for people flogging an agenda.
Wal ya might start by ‘splainin’ how NG (lighter than air) ended up at such abysmal depths in the earth’s crust such as the Marcellus Shale….Posted by: sasquatch
At those depths it’s a liquid component dissolved in the crude oil because of the deep formation pressure.
Poor foolish Heridge SARL, the only purpose of forming GLB was to get money from suckers, private and government. It went bankrupt and half the loans, and all the government money, have disappeared.
Well, color me surprised!
Burning food in vehicles is immoral. That food is required to feed people.
how’s it going north of 60???
“…Many farmers grow their own biodiesel fuel successfully from soy and canola. …”
Oh, come on now, many? Many?
Bet you my “many” (as in the ones who don’t) vastly outnumbers your “many” (the ones who do). Matter of fact, there isn’t one farmer I knows who manufactures his own.
I knew one old hippy who called himself a farmer who tried it, but he ended up dying all alone in his shack. It was a toss-up what killed him – starvation/malnutrition or freezing to death.
It’s obvious you couldn’t figure out how to click on the link and educate yourself.
Fuelfarmer is hardly “old hippy who called himself a farmer”
Enjoy your ignorance.
It’s going well north of 60. Not many people up here, and it’s easy to keep the house toasty warm with abundant deadwood in the surrounding forests.
How is it going where you live?
Biodiesel is made from non-food-grade crop ‘waste’, rendering plant and slaughter house ‘waste’, and ‘waste’ cooking oil. If you want to eat that, go right ahead.
Why do many politicians feel they have to ‘invest’ in ‘cutting edge’ businesses. Are they trying to satisfy their inner entrepreneurial urges or their gambling urges. I think it’s the latter because they always talk what they think is a good line and seem to have a glint in their eye.
Green is fine if its all private money. Projects like this must cause this guy to smile though. He’s 20 miles down the road and is doing it with his own money. His son-in-law tells me he also does 900 face cords of firewood.
http://www.wellandtribune.ca/2011/03/08/from-fryer-to-farm-machine
Heh, if it were much of a paying proposition, every farmer would be doing it.
What we realy need to for someone to tell the tree huggers/granola munchers to TAKE A HIKE and drill in the ANWR and if liberal hollyweird wanks like ROBERT REDFORD opposes then just cut off his own supply of fuel for his limos and private jets and shut off his power
I pay the rent, and the land lady keeps things toasty and warm, no fuss, no muss. s to north of 60, I always thought it would take an idiot to live up there at this time of the year, I just got back from Finland, and now I know it takes an idiot to live up there at this time of year:-))))
“if it were much of a paying proposition, every[one] would be doing it”
That’s because smart people are a minority, anyone can be stupid, just look around you.
Many, John Galt. Your term, not mine. As in more than 1 or 2 or even 3 or 29.
My, but what a short little list you have.
Every one of the farmers who grow their own fuel have been doing it for years, and more do it every year. It’s called being self reliant and reducing operating costs. Of course you wouldn’t know about that would you? They obviously know more about what they’re doing than you do. You just spout misinformed propaganda about subjects you haven’t a clue about.
Many, Johnny, many. Stick to your script. You’re dodging and ducking and weaving like a streaker going through a gay bar at happy hour.
Sure Jamie, whatever you say Jamie, you can’t back-up anything you say with facts.
Have a nice day, Jamie.
Johnny Manyfarmers. I like the sound of that. Has a ring to it. Not the ring of truth or anything like that, but a ring none the less.
Easy Jamie. Johnny Manyfarmers lives in websiteland. That’s where his self-exalted “knowledge” comes from. Out here where we actually farm for a living, biodiesel is just as practically stupid as every other greenie endeavour. You and I do keep our arses warm all winter with home-grown energy, but we call it “wood”. I know a thousand fellow farmers personally, and not one has biodiesel in their yard. Newer engines have mandatory emission control systems, but they don’t involve biodiesel either. As with all things “green”, there’s the web-based propaganda, and then there’s reality.
[Since 2008, a new generation of rigorous studies across the full spectrum of
biofuels has been published that consider the full fuel production and consumption lifecycles at commercial scale, as well as the impacts of converting land to biofuel crop production. These studies have dramatically undermined the naïve assumption that biofuels are inherently clean and green, carbon neutral, and America’s ticket to energy self sufficiency.]
http://www.au.af.mil/au/ssq/digital/pdf/spring_13/Kiefer_Long_Version.pdf
What crude oil?
Marcellus is “dry gas”….not even liquid NG fractions like for example Eagle Ford….
Nice try….not….
“There are two types of natural gas coming out of the Marcellus Shale: dry gas and wet gas.”
http://www.redp.org/marcellus_shale_in_the_red_zone.php
Nice try….not….
Don’t let ignorance impede your education.
“biodiesel is just as practically stupid as every other greenie endeavour…”
“You and I know a thousand fellow farmers personally, and not one has biodiesel in their yard…”
“there’s the web-based propaganda, and then there’s reality…”
Yup, yup, and yup!
They should try making fuel using Horse Radish that stuff a is mighty potent
If you are using diesel fuel in Canada, then you are burning biodiesel. If you don’t like that, take a hike. The real world doesn’t listen to you.
Hey, psssst! Johnny! Is that you? Johnny Manyfarmers?
Gosh, you tip-toed back so quietly in the dark.
Oh, I know – you finally got some names and numbers for us. Eh, Johnny Manyfarmers?
Go ahead, whisper. ..and then we’ll let you scutter off.
Actually Johnny Manyfarmers, you’re wrong again. Like most farmers in my region of Eastern Ontario, I buy my standard farm grade coloured diesel from MacEwen Fuels (http://www.macewen.ca/commercial/commercial-diesel). I just got off the phone with them, and there is no biodiesel blended into my fuel. Optional additives at extra cost can be provided, but nothing that starts with “bio”. I hereby dedicate this song to you: http://youtu.be/cXWbMu4PtpE
“…I hereby dedicate this song to you: http://youtu.be/cXWbMu4PtpE ”
HEEEEEE, Heeeeeee, heeeeeee…….
Catchy beat. Gonna save the link under the title, ” The Miss Johnny Manyfarmers can’t be Wrong March”.