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DuPont Interested in Beetle Bio Mass

By 250 News

Thursday, December 14, 2006 03:35 PM

        
The Manager of Business Development, for DuPont Canada, speaking to the Bioenergy Conference being held in Prince George  says , "We are not interested in becoming a public utility “.  Harvey Vowels was speaking to the group of political and First Nations leaders from across the central part of the province.
Vowels says "DuPont recognizes that there is 200 Million tonnes of forest residue and a further 60 million tonnes of agriculture waste that could used as a substitute for 20% of the current fossil fuel usage."
His company,  he said , is interested in heat and energy, transportation fuels , and chemicals.
In the future he said , "Whole mills could be switched into becoming Bio Fuel refineries. You would put in pulp and produce some other chemicals other than paper. Just as Canola Oil is becoming more important, forest residue could do the same thing."
DuPont held a closed meeting with a selected group to outline its proposals.
One First Nations Leader attending the conference said, "DuPont may have a good proposal, but why should we let them make all the money, we have are own forests, we have our own wood fiber, and we sure as hell could go to the open market to find the money to build a facility without them taking the profit."
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Posted on Thursday, December 14, 2006 03:35 PM in News by 250 News

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Comments

Comment Posted by: Runner46 on December 14 2006 7:21 PM
Great idea, but as usual owning the inventory does not necessarily mean that you have the knowledge and persistance to reap the profits.
Comment Posted by: owl on December 14 2006 11:41 PM
"we sure as hell could go to the open market to find the money to build a facility without them taking the profit"

As I see it, there are two ways to finance a project.

The first is an outright loan which, based on unknown past experience with the "owners" as well as the technology and the market, would come at a high interest rate.

The other is as an investor. In that case, one stands to loose much more, so the investors would want to make sure that they have some control over what will be done with their money as the project progresses.

Sell the wood and there is little risk if payments are made unconditionally. Make a deal to ensure the company restocks the land to free growing.

Hey, this is starting to sound familiar .... :-)
Comment Posted by: Harbinger on December 15 2006 8:06 PM
A loan from the government such as loans to G.M., Ford, Chrysler, Bombardier, and all those, or loans from investors looking for a return on said investment? There is a difference.
Comment Posted by: Harbinger on December 15 2006 8:07 PM
One should ask Harvey if he ever met Vanna White.