 Unparalleled commitment
to fair biodiesel pricing,
labor representation,
local agriculture,
the environment, and product quality leadership
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Changing the Game
BREAKING THE BIODIESEL PRICE &
PROFIT PARADIGM
The BlueEarth Biofuels Project sets the bar VERY high for other
biofuel producers through our game-changing open-book cost and
pricing (with capped margin) approach. The U.S. biofuels industry
has needlessly kept biodiesel pricing in lock step with
petroleum pricing for over 6 years. BlueEarth's unique
biodiesel pricing approach will NOT permit windfall profit-taking
or the use of petroleum market price signals to increase
biodiesel pricing, as is currently the standard practice in the
biofuels industry throughout the United States today.
UNMATCHED BIODIESEL QUALITY IN
THE PACIFIC
BlueEarth Biofuels' clean, modern, and efficient facility will
provide the first biodiesel in the Pacific capable of meeting
current stringent federal biodiesel fuel specifications:
ASTM-D6751-07b, the same
stringent specifications demanded by all vehicle manufacturers
in order to comply with engine warranty requirements. Our
in-house testing laboratory will ensure rigorous
specification compliance of the biodiesel with every shipment
(as required by the premier biodiesel production quality
program,
BQ-9000).
SOLID COMMITMENT TO THE
WORKFORCE
Workers involved in this booming new national biofuels industry
deserve safe working conditions, good benefits, and secure, high
paying jobs, along with bargaining-unit representation. No
other biofuels producer in the US has made this commitment to workers in this industry. The BlueEarth Biofuels Project on Maui has the full support of Labor (ILWU, IBEW, MILA & HI Building Trades Council).
SHARING PROFITS WITH THE
PUBLIC – BIOFUEL'S TRUST
Through an unregulated subsidiary, Hawaiian Electric Company
will be an equity holder in this project through a project
company “BlueEarth Maui Biodiesel.” A unique added benefit of
this project to the state is that all of Hawaiian Electric Company's
net profits from the project will be contributed to a biofuels
trust to enhance and stimulate the development of local biofuel
crops and agricultural infrastructure.
COMMITMENT TO
LOCAL AGRICULTURE
BlueEarth Biofuels' plant will finally create a viable bio-crop
market to attract local agricultural participation and
investment. The Maui Farm Bureau says, “Farmers will not plant
bio-crops without a viable market already in place.” In
addition to the agricultural-enhancing Biofuels Trust, the
Project has agreed (via the sales agreement with the utility and
the
Special Purpose Revenue Bond terms) to buy locally produced
feedstock as it becomes available. No other biodiesel producer
in the country has stepped up to this level of local preference
comittment in order to rapidly stimulate local agricultural
development.
UNIQUE COMMITMENT TO THE
ENVIRONMENT
Biodiesel produces negligible net greenhouse gas emissions over
the entire "Crop-to-Kilowatt" life-cycle when proper land
management and farming practices are employed. This makes biodiesel
an attractive, clean, renewable replacement for petroleum diesel
fuel. BlueEarth Biofuels and the Hawaiian Electric Company are
committed to producing ONLY sustainable biodiesel through this
joint Project. To that end, the nation's top environmental
watchdog and policy setting organization, the
the Natural Resource Defense Council, has prepared the environmental standard that Hawaiian Electric Company will use to procure all of their biofuels. Landis Maez, President
of BlueEarth Biofuels, states, "To date, only BlueEarth has
agreed to comply with this proactive and globally significant
environmental standard for biodiesel feedstock procurement." |
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