The SkunK found this industry reference off the Yahoo GERS board - posted by 'jaredcharles42'. Interesting. The article makes the point that Big Oil is mostly interested in non-corn Ethanol. However as the purchase of 7 VeraSun corn Ethanol Plants by Valero demonstrates, they are are also interested in transforming those Corn Ethanol plants and making them more efficient. This is the GreenShift corner of the world. Hopefully GERS will find a "corn fructose sugar daddy" among these big oil giants.
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NY Times
The interest expressed by big oil companies is coming in the nick of time for small companies that desperately need capital and cannot find it these days in the private markets.
The oil companies also say that as crude oil becomes ever more difficult and expensive to find, biofuels can bolster their reserves.
“Any time you get Big Oil into the game, that changes the paradigm because nobody can go large scale chemical engineering like Big Oil,” said Brent Erickson, an executive vice president of the Biotechnology Industry Organization, a trade group.
And Valero Energy Corporation, the country’s largest petroleum refiner, has snapped up seven corn ethanol plants from VeraSun Energy in recent months since VeraSun filed for bankruptcy protection last fall.
“There is tremendous interest by the oil companies to invest in these first-of-a-kind projects,” Mr. Klann said. “Where they were initially investing very tentatively in new technology development, in the last year they have begun to finally invest in companies that are building commercial production facilities.”
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Entire Article Here:
http://www.nytimes.com/2009/05/27/business/energy-environment/27biofuels.html?pagewanted=2&_r=1&ref=business
Best of Luck to Investors,
SkunK
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NY Times
The interest expressed by big oil companies is coming in the nick of time for small companies that desperately need capital and cannot find it these days in the private markets.
The oil companies also say that as crude oil becomes ever more difficult and expensive to find, biofuels can bolster their reserves.
“Any time you get Big Oil into the game, that changes the paradigm because nobody can go large scale chemical engineering like Big Oil,” said Brent Erickson, an executive vice president of the Biotechnology Industry Organization, a trade group.
And Valero Energy Corporation, the country’s largest petroleum refiner, has snapped up seven corn ethanol plants from VeraSun Energy in recent months since VeraSun filed for bankruptcy protection last fall.
“There is tremendous interest by the oil companies to invest in these first-of-a-kind projects,” Mr. Klann said. “Where they were initially investing very tentatively in new technology development, in the last year they have begun to finally invest in companies that are building commercial production facilities.”
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Entire Article Here:
http://www.nytimes.com/2009/05/27/business/energy-environment/27biofuels.html?pagewanted=2&_r=1&ref=business
Best of Luck to Investors,
SkunK
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