Bio-Business The fuel answer for todays business without the - - PowerPoint PPT Presentation

Bio-Business

The fuel answer for today’s business without the million year wait. million year wait.

Where Bio-fuel comes from.

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Price Price of Fuel over the Last 10 Years

• f Fuel over the Last 10 Years

5 Price of Gasoline (per gallon) 4 Price of Diesel (per gallon) 3 Price of B100 (per gallon) 2 Price of B20 (per gallon) 1 g

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

t f 35 hi l

• With a fleet of over 35 vehicles
• With contract and management vehicles averaging to 1500 to 2000 miles

a month Wi h i hi l i 2 500 3000 il h

• With service vehicles averaging up to 2,500 to 3000 miles a month.

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 k th it h to make the switch: $200,000

To help pay the difference the Government could do:

• Give major tax breaks to companies using bio-fuels

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• 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

L

Tax Credit

Alternate Fuel Excise Tax

d

Loans

Credit

Alternative Fuel

I f t t T C dit Infrastructure Tax Credit

Biodiesel Income Tax

Credit Credit

Remaining Problems Remaining Problems

Questions?