The $185 million Cascade Grain Products ethanol plant in Clatskanie, OR is up for sale in a bankruptcy auction. Interested parties have until December 9th to submit their bids.
The facility is accessable by barge via the Columbia River, truck via US Highway 30 and rail via the Portland & Western's Astoria Branch.
This doesn't really bode well for the whole 'ethanol boom' if ethanol's already recieving considerably generous subsidies and plants are already going bankrupt after less than a year of operation.
Do not mistake this for schadenfreude- employment numbers in that part of the country are mostly dependent on lumber and forestry products which- like every other industry- is still hurting right now and I'm sure the plant provided decent jobs and wages for the eight months it was operational.
But subsidies or not, the ethanol boom has clearly hit a wall.
Sunday, November 29, 2009
Brazil's Lula to USA and Europe on Emission Cutbacks: 'You First- We're Too Busy Drilling For Oil'
This is what the President of Brazil had to say back in July:
"The United States has more responsibility than China; Europe has more responsibility than South America or Africa," Lula said.
China has replaced the United States as the world's biggest emitter of greenhouse gases because of its fast-growing economy and dependence on coal, the dirtiest fossil fuel.
Brazil also has large emissions due to extensive, albeit falling, destruction of the Amazon rain forest. Burning or decomposing trees emit carbon dioxide.
Of course, no mention of Brazilian energy company Petrobras and their commitment to drill offshore in Brazil.
Also keep in mind that the Brazilians were considered pioneers in ethanol refined from their vast reserves of sugarcane. Petrobras going after oil and natural gas deposits in their own reigon is an about-face from Lula's own statements and the accolades bestowed upon Brazil for it's sugarcane-based ethanol production.
But then again, the fossil fuels PetroBras has committed to extract are probably much more reliable than their hydroelectric power sources.
"The United States has more responsibility than China; Europe has more responsibility than South America or Africa," Lula said.
China has replaced the United States as the world's biggest emitter of greenhouse gases because of its fast-growing economy and dependence on coal, the dirtiest fossil fuel.
Brazil also has large emissions due to extensive, albeit falling, destruction of the Amazon rain forest. Burning or decomposing trees emit carbon dioxide.
Of course, no mention of Brazilian energy company Petrobras and their commitment to drill offshore in Brazil.
Also keep in mind that the Brazilians were considered pioneers in ethanol refined from their vast reserves of sugarcane. Petrobras going after oil and natural gas deposits in their own reigon is an about-face from Lula's own statements and the accolades bestowed upon Brazil for it's sugarcane-based ethanol production.
But then again, the fossil fuels PetroBras has committed to extract are probably much more reliable than their hydroelectric power sources.
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We are all about Change- a change for the better at Dopenhaagen. A change that will be powered by hope from all of us.
And electricity from a nearby coal-fired power plant.
We are all about Change- a change for the better at Dopenhaagen. A change that will be powered by hope from all of us.
And electricity from a nearby coal-fired power plant.
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