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GreenShift's Mean Green BioFuels Announces 30M Gallon Biodiesel Plant in W.Tennessee

GreenShift Corporation’s (OTCBB:GSHF) portfolio company Mean Green BioFuels Corporation (“Mean Green”) has announced plans to build a 30 million gallon per year biodiesel production facility in western Tennessee. The new Tennessee facility will be one of five such facilities that Mean Green intends to build, own and operate commencing in 2006. Mean Green intends to finance, build, and operate five 20 to 60 million gallon per year biodiesel production facilities in the eastern U.S., where it will utilize its many patent-pending and proprietary oil recovery technologies to reduce America’s dependence on foreign oil by producing high quality biodiesel fuels. Biodiesel is a clean burning alternative fuel that contains no petroleum. It can be blended at any level with petroleum diesel to create a biodiesel blend, it can be used in diesel engines with little or no modifications, and it is simple to use, biodegradable, nontoxic, and essentially free of sulfur and aromatics. Over 37 billion gallons of petroleum diesel are used for domestic transportation each year in the U.S. The total demand for diesel fuel approaches 50 billion gallons per year when construction, farming and other off-road uses are considered. The current production of biodiesel in the U.S. is less […]

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Utah Legislators Reject Nuclear Power; Approve Renewable Energy Amendment

Legislators have rejected an amendment that would have encouraged development of nuclear power in Utah. During a joint meeting of two legislative interim committees on Tuesday, Rep. Bradley Daw, R-Orem, recommended adding language to an energy bill that would encourage Utah to develop nuclear power to generate electricity. “At our own peril of overconsuming oil and other resources, we should not ignore nuclear energy,” Daw said. “There are several countries that have been very successful in productive nuclear programs.” Daw said he had toured a nuclear facility at Diablo Canyon, Calif., and “found it to be an amazing facility. We should look very closely in this state at promoting nuclear energy.” The Diablo Canyon Power Plant is owned by Pacific Gas & Electric Co. and provides power to 1.6 million California homes, about 20 percent of PG&E’s total customer base, according to a company Web site. Utah’s governors, legislatures and congressional delegations have been battling the Goshutes’ proposal to host on their Skull Valley reservation a temporary storage facility for spent nuclear-reactor rods. One of the arguments opponents of the proposal has used is that the state does not use nuclear power and should not have to be a repository […]

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Do Solar While the Credit Shines

URL: http://www.forbes.com/personalfinance/taxes/free_forbes/2005/1212/192.html?partner=rss Website: http://www.forbes.com/personalfinance/taxes/free_forbes/2005/1212/192.html?partner=rss     

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