BBDS – Better Biodiesel: Congress Gets Serious about Biodiesel
BBDS.OB Better Biodiesel Stock Guru Profile
House and Senate Energy Bill Passed June 28, 2007
Better Biodiesel is a beneficiary of the recently passed Energy Bill. An important part of the energy bill is a title that promotes the production, distribution and use of clean, renewable, made-in-America transportation fuels.
The limitation of known petroleum reserves and the political instability of their location makes renewable energy resources more attractive. The most feasible way to meet this growing demand is by utilizing alternative fuels.
Biodiesel is the best candidate for diesel fuels in diesel engines. The biggest advantage that biodiesel has over gasoline and petroleum diesel is its environmental friendliness. Diesel fuel can also be replaced by biodiesel made from vegetable oils.
Biodiesel is now mainly being produced from soybean, rapeseed and palm oils.
The major economic factor to consider for input costs of biodiesel production is the feedstock, which is about 80% of the total operating cost and using animal fats is virtually the lowest feedstock available for biodiesel.
Biodiesel is exempt from the oil tax!
The Senate Energy Bill passed by the House last week included a biodiesel tax incentive extended through 2010. It also created a Renewable Fuels Standard (RFS) requiring the use of 8 billion gallons of renewable fuels, like biodiesel and ethanol, by 2012.
Tax incentives were included to stimulate the building of biodiesel plants in addition to tax incentives for fueling infrastructure for B20 blends at retail stations. The Energy Bill requires the use of eight billion gallons of renewable fuels, like biodiesel and ethanol, by 2012.
A phase-in for renewable fuel was included over seven years, beginning with four billion gallons by 2006 and ending at eight billion gallons in 2012, and grows proportionately with fuel consumption there after.
Source: Better Biodiesel
Better Biodiesel, Inc.
355 South 1550 West
Spanish Fork, UT 84660
Phone: (801) 798-7576
Email: info@betterbiodiesel.com
Website: www.betterbiodiesel.com
Investor Relations:
Capital Group Communications, Inc.
Anthony Evans / Mark Bernhard
betterbiodiesel@capitalgc.com
(415) 332-7200
About Better Biodiesel: Better Biodiesel has developed proprietary waterless technology that significantly reduces the costs of biodiesel production and environmental impact. A key environmental distinction in Better Biodiesel’s production method is the absence of any caustic chemicals in the catalytic reaction process, which eliminates the washing and evaporation steps necessary under customary biodiesel production processes. This proprietary technology speeds up the production timeline, increases the volume of fuel that can be made within a given time period, and reduces the amount of land needed for the production plant. Better Biodiesel’s initial pilot plant is producing approximately three million gallons per year and has a total footprint of less than 160 square feet. By contrast, several acres are required for a conventional biodiesel facility of the same production capacity. Initial Company estimates indicate that Better Biodiesel can expect to achieve a 20 percent reduction in the cost of producing biodiesel fuel, and a 40 percent reduction in the cost of building its biodiesel plants as compared with conventional production methods and facilities. Better Biodiesel’s objective is to become one of the world’s largest producers of biodiesel. (www.betterbiodiesel.com)
Forward-Looking Statements: This release includes forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. While these statements are made to convey to the public the Company’s progress, business opportunities and growth prospects, readers are cautioned that such forward-looking statements represent management’s opinion. Whereas management believes such representations to be true and accurate based on information and data available to the company at this time, actual results may differ materially from those described. Additional factors that could materially affect these forward-looking statements and/or predictions include, among other things: (1) BBDS’ ability to manage the future acquisitions and the expansion of operations; (2) BBDS’ ability to obtain contracts with suppliers of raw materials (for our production of biodiesel fuel) and with distributors of our biodiesel fuel product; (3) the risks inherent in the mutual performance such supplier and distributor contracts (including our production performance); and (4) BBDS’ ability to raise necessary financing to execute the Company’s business plans.Disclosure: Pentony Enterprises LLC has not been compensated for profile coverage. Pentony Enterprises is not a registered investment adviser or a broker/dealer. Pentony Enterprises LLC makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person, or that an investment in such securities will be profitable.
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