Did anybody notice that they also mentioned bringing in palm oil for making biodiesel? And last time I checked, BC still isn't warm enough to grow palm trees.
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cannot see Monsanto being involved in a plant.....they talk about canola for biofuel use from a demand creation point of view for their seed genetics....they have developed corn hybrids that give producers premiums when they ship to ethanol plants in the US as the varieties have higher ethanol yield....
and skfarmer....like i have said before on other threads you must be long on Bayer stock and short on monsanto....the pcvt data, local research group data, and local farm trials in my area are all showing the new RR hybrids from DKL and PHI are as good or better than anything on the market.....bought mine this week...
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Zaphod, think about logistics of a frozen truck of Palm oil going to a refinery in Fort Saskatchewan to be hydro treated. Ya, like that is going to happen - maybe in the summer somewhat.
It is called a pipeline from a crush plant across the street straight to a refinery who relies on consistent supply.
Question is, why haven't farmers built or invested in crush facilities instead of focusing on limited lifespan bio-diesel plants? You don't make renewable fuel from canola, it is made from oil, the real narrowing of control, that, and committed seed supply provided by the farmer owners.
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This news is creating quite a buzz with the people I talk to. The size and scope of the project will have lots of repercussions for both farmers and grain companies. The good news is that instead of the norm with underfunded players stepping forward this has money behind it. More and bigger markets close to home can't help but be good for us. Maybe this will move us away from too much dependance on foreign markets.
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Just for interest, I read an article stating if all the planned ethanol plants are built in Iowa, Indianna and South Dakota , they will use all of the corn produced in those states. Given that it takes about 1.3 units of energy to produce 1 unit of ethanol energy from corn, this process cannot be sustained. In other words the biofuel industry will have to wean off food crops to be viable.
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Agstar77,
Your energy consumption ratios must be made by the same folks who dream up your "single desk" buying illusions.
I look at Brazil, and see a biofuels industry that is making a massive positive impact on their economy. China is no different. No doubt we need to be smart, we need to conserve, but we absolutely must get moving on these bioenergy projects in Canada.
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