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HCL Clean Tech Finds Sugar for Ethanol in Mississippi Woods | Green Prophet - 0 views

  • Interesting article but, let me shed some light with a few points of fact that nobody in the company will offer. One, at the time this article was posted, Eran was no longer CEO. Eran was deposed and a new CEO was hired in June of 2011. Two, the pilot in Durham was no longer operational (they’re trying to move it elsewhere) and proved nothing along the lines of this process being commercially viable. In actuality, far more was proven to the contrary. Three, the company is woefully behind on researching and proving their proprietary solvent extraction process which is the lynchpin to their success. The reality is they haven’t proven they can reliably make ANY sugar from wood on a pilot level, much less extract the acid THEN recover the acid and solvent. Bottom line, if you’re expecting sugars to be made from wood in Grenada in 2012, and most likely ever, don’t hold your breath. Unfortunately for Khosla, the DOE and the state of Mississippi, they will be forced to realize this in due time.
  • No problem, Karin. Happy to bring a touch of veritas to the table. Additionally, you could check the HCL CleanTech company website to verify the legitimate CEO is Philippe Lavielle and contact him for comment. You could also reach out to Steve Piccot, Director at Southern Research Institute in Durham, NC, and ask him who authored a certain $9 million DOE grant proposal.
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Fight over water and money blocks deal with Clean Tech in Stanly County - News14.com - 0 views

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    Alcoa yadkin cleantech stanlycounty 
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New plant to impact timber industry most | The Natchez Democrat - 0 views

  • plants to turn wood chips into cellulosic sugars that can be used in fuel, pet foods, cosmetics, lubricants and other products.
  • When the Natchez HCL Cleantech plant opens, Russ said, it will use 1 million tons of pine or softwoo
  • To put the figure into perspective, Russ said International Paper’s Natchez plant was using 1.2 million tons of wood a year at its peak before it closed.
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  • “That’s very substantial — 1 million tons of wood (a year),” Ulmer said.
  • And since timber industries usually work 200 days a year, Ulmer said, hauling HCL Cleantech’s projected demand would mean 185 truckloads would be hauled a day.
  • “We have a vast resources of timber,” Ulmer said.
  • He said the supply of timber was constantly replenishing itself when IP was in town.“We have never cut our growth,” Ulmer said.
  • Sen. Kelvin Butler, D-Magnolia, said the area’s abundance of timber helped land the new company.“We’re just excited that they picked our area because they’ll be using pine, and that’s one of the resources we have right here in southwest Mississippi,” Butler said.
  • Johnson said the company has received more than $10 million in federal grants, some coming from the U.S. Department of Energy.
Yadkin River

Yadkin's waters are gold mine worth more than Alcoa offers | CharlotteObserver.com & Th... - 0 views

  • In what essentially amounts to a bribe, company officials are dangling a pennies-on-the dollar carrot with the soft promise of a few hundred jobs when they know as well as we do that our Yadkin waters are worth thousands and thousands of jobs
  • Alcoa also expects us to set aside evidence that surfaced last fall in court indicating that it had intentionally withheld from the state material information on dissolved oxygen problems as it was seeking water certification. The snare is an insult to our wise citizens.
  • Our government and business leaders are committed to bringing substantial jobs to our state that equate to the true value of our water
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  • We also demand the safety of our water for drinking along with its environmental soundness. Alcoa should know that the good people of North Carolina aren't taking the bait.
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    Don't Take the Bait!
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» Blog Archive » Central Park Poll Results of Yadkin Project - 0 views

  • A survey of 500 registered voters across North Carolina indicated that most North Carolinians overwhelmingly oppose such an agreement.
  • Many environmentalists and state and local officials in the region have remained steadfast in their belief that the river should be controlled by a publicly held trust in order to provide better benefits to the region and state. 
  • Alcoa lost a critical water quality permit last year when internal company e-mails showed that officials withheld information that downstream waters may not meet state standards. In addition, although elevated levels of PCBs produced by Alcoa have been found in fish in the river, Alcoa fought the installation of signs along Badin Lake warning people not to eat the contaminated fish, which infuriated many local lake residents.
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  • According to Nancy Gottovi, Executive Director of Central Park NC, the December 15 deadline looks like an attempt to apply enormous political pressure on local officials and the Governor to drop their opposition to the 50-year license
  • 72% of North Carolina registered voters said no to Alcoa being granted a new 50-year license, while 76% stated that they would prefer that a “public trust” control the Yadkin River and use the hydroelectricity as an incentive to bring jobs to North Carolina. The majority of voters (60%) also indicated that they were usually skeptical when a multinational corporation like Alcoa tells a community they will provide permanent jobs. The majority of voters (58%) also agree with the statement “Every effort must be made to protect our water resources, even if it makes recruitment of industry more difficult.”  An overwhelming majority of voters (74%) support Governor Perdue’s opposition to a new 50-year license for Alcoa to control the Yadkin River because she believes the waters of the Yadkin River belong to the people of North Carolina and should be used to help create new jobs and economic opportunity for the region.
  • We were concerned that the Yadkin relicensing issue was being seen as a local Stanly County issue, and that the opinions of residents throughout the entire river basin were not being heard.  We also see this as a major public policy issue that has implications for the entire state.  The control of water resources is immensely important as we plan for future growth in terms of drinking water, but also for clean, renewable energy. 
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China Anshan says still committed to US investment | Reuters - 0 views

  • suspended its plans to invest in a U.S. steel plant being built by Steel
  • evelopment Co because the plan faced limited prospects for success
  • national security. [ID:nN02241776
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NC hits deadline for Alcoa's... - Google News - 0 views

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    57 news links
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» Blog Archive » Commissioners Hear Debate Over Yadkin Project - 1 views

  • In a power point presentation, Chairman Dunevant challenged the numbers released by Alcoa last week as to their options on the table, particularly the $1.2 million financial guarantee from Alcoa to Stanly County should the 450 Clean Tech jobs not materialize. Dunevant pressed the value of this guarantee over the life of the 50-year license, asserting that Alcoa had not factored in depreciation. Dunevant contended that due to inflation that amount would be worth only $500,000 by the year 2020 and just $188,000 at the end of 50 years when the license would again be up for renewal.
  • On the flip side, Dunevant said that Alcoa’s profits from dam revenues would grow at a 3.15% inflation rate from Alcoa’s reported $25 million per year to $114 million at the end of 50 years.
  • “I hope you got that… $1.2 million down to $185,000 and $25 million up to $114 million,” Dunevant stated.
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  • In addition to seeing this as inequitable for Stanly County, Dunevant made the point that the $1.2 million would not come directly to Stanly County, rather the funds would go to an economic development trust to be co-managed by the commissioners and the N.C. Department of Commerce. “The money would not go to human services, education or public safety, but to an economic development trust,” Dunevant said.
  • “We will be looking for some long-term guarantee that offsets the inflation. A penalty is supposed to create an incentive to perform, not the opposite,” Dunevant said regarding the $1.2 million guarantee now on the table that shrinks over time.
  • “That shows me that water is becoming a commodity,” Snyder said. “We don’t need to allow a coup to obtain a license for clean water at the expense of the public.”
  • “Alcoa thought they’d get a rubber stamp for renewal, but there’s too much discord in this community for that,” Bryant said. We need to recapture the FERC license and remove Alcoa.”
  • “It’s ludicrous to think the commissioners don’t want jobs,” Dick said.
  • Bramlett warns of selling Stanly County’s birthright
  • “We don’t need to sell our birthright for a cup of soup,
  • “I’ve never seen bribery and blackmail like what had been going on the past couple weeks,” he said regarding the Alcoa commitments and Clean Tech deadline. “Alcoa has falsified records and poisoned this river. You have every right not to trust Alcoa.”
Yadkin River

Mineweb.com - The world's premier mining and mining investment website Alcoa, China Pow... - 0 views

  • Spending under the agreement could reach more than $7.5 billion, the companies said in a release on Tuesday, although they declined to list any specific projects. A spokesman for Alcoa said the agreement was for a "long-range cooperation to look at a range of projects," but did not list any specific plans. CPI is one of five major power generators in China, owning about 70 gigawatts of power generation, and is China's second largest aluminum producer.
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Alcoa's Chinese JV Targets Need for High Quality Aluminum in Booming Market -- Trefis - 0 views

  • 1 of 12 Alcoa’s Aluminium Supply Deal with Embraer Could be First of Many 2 of 12 Alcoa Sambas to $16 with Embraer Deal for Jet Development 3 of 12 Alcoa: Revised $16 Price Estimate, Long-Term Outlook Still Solid 4 of 12 Alcoa Restructuring Midstream Business for Emerging Market Growth 5 of 12 Demand for Lightweight Autos Boost Alcoa’s Aluminum Business 6 of 12 Alcoa Aims for $18 by Investing in ‘Green’ Initiatives 7 of 12 Aluminum Demand, New Products Lift Alcoa’s Earnings 8 of 12 Alcoa’s JV in Saudi Arabia Gets Funding 9 of 12 Alcoa Could Get Boost from New Alloys 10 of 12 Alcoa Gains from Fuel Efficiency Focus at Paris Air Show 11 of 12 Alcoa Shines on Solid Aluminum Demand 12 of 12 Alcoa’s Growth Estimates for Aluminum Justify Additional Upside Relevant Articles on TREFIS Alcoa’s Chinese JV Targets Need for High Quality Aluminum in Booming Market September 16th, 2011 by Trefis Team +93.03% Upside 8.53 Market 16.47 Trefis pricesBarBlock artMa
  • The JV will focus on the technical expertise of both the companies to leverage this growing market. Further official information on the joint venture is awaited.
Yadkin River

Alcoa-China Power Ink Pact - Zacks.com - 0 views

  • The terms of the joint venture were not disclosed.
  • In January, both the companies signed a memorandum of understanding (MoU) in Washington when the Chinese president Hu Jintao paid a state visit to the U.S.
  • The two will work together in overseas and domestic projects.
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Alcoa, China Power Agree to Work on $7.5 Billion of Clean Energy Projects - Bloomberg - 0 views

  • Alcoa and China Power haven’t yet decided on specific projects and the exact amount they will spend will depend on the ventures they choose, Mike Belwood, a spokesman for Alcoa, said by telephone.
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