Bio-Business The fuel answer for today’s business without the million year wait. million year wait.
Where Bio-fuel comes from.
Price Price of Fuel over the Last 10 Years of Fuel over the Last 10 Years 6 Price of Gasoline (per gallon) 5 Price of Diesel (per 4 gallon) 3 Price of B100 (per gallon) 2 Price of B20 (per gallon) g 1 0 7/24/1998 12/6/1999 4/19/2001 9/1/2002 1/14/2004 5/28/2005 10/10/2006 2/22/2008 7/6/2009
Why Do Bio Fuels Cost So Much? Why Do Bio Fuels Cost So Much? � Currently the main source for biomass are food crops. � This causes an increase on demand for these crops demand for these crops.
Future of Bio fuel Future of Bio fuel � In the last five years the price difference in-between B100 and diesel fuel has dropped considerably. � New sources such as algae and non-edible crops will help increase the supply on biomass increase the supply on biomass.
• Currently employs over sixty people • With fl • With a fleet of over 35 vehicles t f 35 hi l • With contract and management vehicles averaging to 1500 to 2000 miles a month • With service vehicles averaging up to 2,500 to 3000 miles a month. Wi h i hi l i 2 500 3000 il h
Amount company currently spends of fuel per month: $10,000-$15,000 Amount company would spend on fuel if switched to B100: $20,000-$25,000 Amount company would spend t to make the switch: k th it h $200,000
To help pay the difference the Government could do: • Give major tax breaks to companies using bio-fuels j p g • Help pay companies the difference • Tax penalties for those who don’t comply • Aggressive mandates with reasonable goals
Active Government Incentives Active Government Incentives � Alternate Fuel Vehicle � Improved Energy Technology Loans L Tax Credit � Alternate Fuel Excise Tax Credit d � Alternative Fuel I f Infrastructure Tax Credit t t T C dit � Biodiesel Income Tax Credit Credit
Remaining Problems Remaining Problems
Questions?
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