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the chances of this counter doing well on aug 11 , i doubt????
Massachusetts-based company
Mascoma will build a cellulosic ethanol plant in Michigan in its race to be the first in the nation to produce ethanol from wood on a commercial scale. The cellulosic plant will make ethanol mainly from wood chips and other non-food agricultural crops. Because cellulosic ethanol production uses non-food agricultural feedstock, it is critical to producing ethanol on a scale that could substitute for imported oil.
Mascoma Corporation is a low-carbon cellulosic biomass-to-ethanol company with corporate offices in Cambridge, Massachusetts, and a R & D facilities in Lebanon, New Hampshire.
Mascoma has developed an enzymatic process. It is continuing to develop advanced technologies in its own laboratory with Professor Lee Lynd at Dartmouth College?s Thayer School of Engineering by licensing ?best in class? microorganisms and enzymes, and with other sponsored research around the world. It is also developing demonstration and commercial scale production facilities in several locations.
Mascoma?s R&D is focused on reducing the biologically mediated steps in ethanol production to a single step. Mascoma is developing organisms that will:
- Rapid break down the components of biomass
- Convert a range of sugars and polymers of sugars to ethanol
- Thrive in a manufacturing environment
- Produce ethanol with minimal by-products
Mascoma chose Michigan for the new plant based on the abundance of forestry and agricultural materials and the expertise found at Michigan State University and Michigan Technological University who will partner with Mascoma on the project to develop and hone scientific processes and Michigan feedstocks for cellulosic ethanol production.
Michigan State will provide expertise in areas including pretreatment technology for cellulosic ethanol production and assistance with energy crops that can be utilized by the biorefinery. Michigan Tech will provide expertise through its ?
Wood to Wheels? initiative. This includes optimization of forestry feedstock materials for energy use, knowledge of sustainable forestry management practices, and access to its automotive engineering laboratories for analysis of the biofuels produced at the project site.
Earlier this year, the Michigan Economic Development Corporation (MEDC) and NextEnergy, Michigan?s alternative energy accelerator located in Detroit, established a cellulosic biofuels working group to help craft strategy for the promotion of this industry in Michigan. They identified and targeted Mascoma as the lead company to partner with in generating renewable fuels from Michigan?s forestry resources. The MEDC and NextEnergy believe the partnership with Mascoma will dramatically advance Michigan as a national leader in the next generation of renewable fuels.
The MEDC is currently helping Mascoma identify a plant site within the state that will be strategically located to provide ready access to the feedstock needed each day for production. The full value of state incentives offered to Mascoma is contingent on the final site selection. Mascoma anticipates investing up to $150 million in the facility, which is expected to employ 20 to 40 full-time employees and to create more than 100 construction jobs, up to 300 forestry jobs, another 150-200 transportation and maintenance jobs.
Initial funding of $4MM in early 2006 was received from Khosla Ventures and Flagship Ventures, with
subsequent funding of $30MM in venture capital equity funding and a $14.8MM grant from NY State for the establishment of a
demonstration plant.
Cellulosic ethanol plant to open next year
Range Fuels says it will be the first to produce the alternative fuel on a commercial scale.
Published: July 2, 2007, 5:00 AM PDT
The race is on to try to open the first large-scale cellulosic ethanol plant.
Range Fuels on Monday is expected to announce that it has received a permit to build an ethanol production plant in rural Georgia that uses wood chips as its feedstock. It plans to break ground on the plant this summer.
By next year, the company intends to have a facility capable of creating 20 million gallons of ethanol per year. The site in Treutlen County, Ga., has received a permit to produce 100 million gallons per year, and Range Fuels expects to eventually reach that production amount, according to company CEO
Mitch Mandich.
"A lot of people are talking about 2009, or 10 or 11--even Secretary of Energy (Samuel) Bodman will say cellulosic ethanol is five years away," Mandich said. "We think by the time we enter production, we'll be the first, so the race is on between us and some competitors."
Several companies are pursuing techniques to make ethanol out of plants
other than corn, which is how ethanol is made today in the United States.
Cellulosic ethanol processes convert plant wastes, like wood chips and grasses, to ethanol.
Range Fuels uses a thermal chemical process that turns the wood material into a synthetic gas that is then mixed with a catalyst to make ethanol.
At its Georgia facility, Range Fuels intends to buy unusable material left after logging Georgia pine forests--about 25 percent of harvests is typically left behind as waste, Mandich said.
The cost of the plant at a capacity of 100 million gallons per year will be more than $150 million, Mandich said, without giving a specific sum. A multiyear, $76 million
Department of Energy grant to Range Fuels is part of the financing.
| Date of Appointment * |
03-08-2007 |
| Name * |
Paul Lim Yu Neng |
| Age * |
45 |
| Country of principal residence * |
Singapore |
| Whether appointment is executive, and if so, area of responsibility * |
|
| Job Title |
Non Executive Director |
| Working experience and occupation(s) during the past 10 years * |
January 2006 to Date ? Founder & Director with TruPartners Asia Pte Ltd, Singapore
March 2003 to Date ? Consultant with Deutsche Bank, AG, Singapore
September 1999 to January 2003 ? President Director & Head of Investment Banking with PT Salomon Smith Barney Indonesia
September 1999 to January 2003 ? Director with Salomon Smith Barney International Merchant Bankers Limited (Singapore)
July 1997 ? July 1999 ? President Director and Country Head with PT BT Prima Securities Indonesia |
|
DJ up on these two consecutive days. 150 points the day before and yesterday 100 points. Hopefully this is the signal of the return of investor confidence. Both these days the DJI was pushed up near the closing hour, last minute rush buys by bargain counters. This indicates that bargain hunters are all eyeing the market closely and no doubt they feel that the price is right they just want to wait for further correction then rush in. Hopefully tonight's US market closes significantly up as well and it will be a good weekend for us.
Good luck to all vested.
Hi novicetrader , I still have great faith in this stock.
This Unifiber remind me of Golden Agri days. During that time, Golden was a nobody want counter. It was trading in the range 0.10cts-0.20cts for many years due to the rumours that the company may lose its $250 millions bank deposit money.
After the money was return to them and booming of palm oil price, Golden cheong all the way to price of $2.50.
Unifiber billions dollar assets and potential future earnings from pulps products, should worth more than it current share price for sure.
Hi timewatch, I'm still holding onto my Unifiber shares.
888max, I am impressed with your conviction, tenacity to defend this counter, the amount of hard work you have dwelve into to come up with the facts and figures and updates on the market trends, etc.
I am impressed.
Hopefully the half year results will prove our dear friend who has gone on vacation wrong and we can laugh on our way to the bank.
Heavily vested.
Based on the detailed analysis done by 888max, and from what I know about the company thru my own homework, this is a solid counter. But what is on most people's mind is, if so, why does it not rise with the tide.
Even my broker is baffled.
Well your guess is as good as mine. It could be a strategy by the BBs to push the price down, accumulate, then when the time is ripe, reap the harvest.
FYI, I have gone in some more during the great Singapore Sales. Hopefully the analysis is correct, and in due time it will be harvesting time.
I have confidence in this counter.
I can hold.
Hope I have read this counter correctly.
this is what i feel,other counters at least move down and then climb up reasonably, this seems to slip down, and keeps sliding down.
888max you still holding unifiber or sold already
While waiting to board I cannot help but write this short message for those invested. Please sell into strength n forget mkt for a while. Enjoy your $ if you made some. If you have losses recollect your mistakes n work out a strategy for the next upmove. C u in Oct.
Timber shortage set to cause price hikes
(04 May 2007 08:45)
Timber suppliers have warned contractors to brace themselves for considerable price hikes following a tightening of supplies.
Timber Trade Federation chief executive John White said that a combination of factors have hit supply at the same time.
"The development of North African, Middle Eastern and Chinese markets is sucking timber away from the UK. There is a lot of construction going on in these markets and they are paying good prices for timber. Pricing in Europe is also stronger, making it a more attractive market for suppliers."
While prices have been increasing for some time, this has been tempered by a surplus of timber caused by massive storms in Sweden and the Baltics in 2005, when about 80 million cubic metres of forest was blown down overnight. But this glut has now ended.
Build Centre brand manager Paul Gordon said: "In softwoods, there is a general shortage. Prices increased about 5% four months ago, another 5% in April and we predict they will increase by a further 10% in June."
The shortage is not just affecting softwood, with the cost of general construction timbers rising by 8% in February and expected to increase another 4% in May, according to Gordon.
You have heard of oil depleting around the world and caused oil price rising.
Now it timber turns.
Price of timber is going to rise very high soon.
**************************************************************************
Some contractors have been warned of considerable price hikes.
Pettifer Construction senior buyer Evan Schroll said: "One of our main suppliers has told us that softwood prices will rise by 20% to 25% and sheet materials will go up 12% to 15%.It's difficult we do allow for some price increases, but not to that extent."
Others are benefiting from being tied into long-term supply deals. "The only difficulty we have had is chipboard," said Integra commercial director Steve Hayman. "We have been told there will be a 6% to 8% price rise and that we can't get hold of anything until June, usually it's next-day delivery.
"At the moment, our timber-frame supplier hasn't informed us of any problems, but as we negotiate rates once a year, we should be safe for the time being."
Czerny, I guess you have made your bundle. You may be right, or wrong. Your guess is as good as mine. Fundamentally the world economy is fine, so is the asian economy, and so is the Singapore economy. Also fundamentally this stock is solid. It is absolutely normal to for the stock to slide with the drastic drop in the DJI. Remember the old saying when the US sneezes the world catches a cold. Well the DJI did plunge over worries about the US economy hence the impact to the world markets. Well, we will just wait and see. Anyway, do have a good vacation. Enjoy the gains that you have accumulated.
888max, I also don't play contra. Badly burnt during the CLOB days playing contra. Honestly with this big drop this is the best opportunity to go in. BUT dare not take the plunge. I tread with care nowadays after the costly lesson.
Good luck.
Never fight the trend. Make the trend your friend and win every time. I m on holiday till Oct - 2mth break.
Hi novicetrader, I'm not worry at all since I've already paid up all my shares.
Today selldown is not aiming directly at my UFS. In facts, the whole sg market is down today.
Who stock portfolio never drop today , you tell me?
Yes, today is great Singapore big sale. Those got spare cash can buy in cheaply.
I will still stick to my planned schedule, that's to wait and see their aug half year numbers before I plan my next move.
Czerny, I beg to differ. This is the Great Singapore Sales. Heard of the saying "Buy low sell high".
888max, don't let this guy get you down. This is a fabulous stock. Strong fundamentals. Not that I say so because I am also vested like you. Only thing is that the current market conditions may not be in our favour. So in such a case just hang on in there. I have hung on to stocks for years and years.
Now that all support levels have been broken not only for this counter - go holiday.
