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Kukui Jathropa Seeds to create Biofuel Kukui Nut Biofuel Jathropa Seeds Biofuel Indian Sriphl Fruit Biofuel Jathropa Plant Biodiesel

Recognized significance to the State, Local Agriculture and Organized Labor


Testimonials...

"Your Committee on Conference finds that this measure will help meet Hawaii's goal for energy efficiency and renewable energy use by reducing dependency on imported fossil fuels, providing biodiesel at competitive prices, and stimulating the local production of ethanol. This measure will also encourage local agricultural research, development, and cultivation of renewable energy feedstock crops."

Hawaii Legislature
2007 Conference Committee
on SB1718

(BlueEarth Biofuels Special Purpose
Revenue Bond)



"Maui Electric's plan for biofuels production could benefit local agriculture and improve Maui's energy sustainability."

Warren K. Watanabe
President, Maui County Farm Bureau
maui-farm-bureau


"This BlueEarth Biofuels project on Maui enjoys and appreciates the strong and meaningful support of Hawaii's Organized Labor Community (ILWU, IBEW, MILA, Plumbers and Fitters, Operating Engineers and the Hawaii Building Trades Council)."

Landis Maez
BlueEarth Biofuels

  BlueEarth Maui Biodiesel Project

40 million gallons per year, expandable to 120 million gallons per year
  State-of-the-art & proven continuous process

  First biodiesel plant in the Pacific capable of
   achieving biodiesel quality accreditation BQ-9000
   and ASTM D 6751 - 07b specifications

  Glycerin waste stream used to produce power

  50 employees (union labor)
- Phase 1

  Online in 2009
: Funding committed, engineering firm and contractors engaged

  Multi-vegetable feedstock
– locally grown (sustainable vegetable feedstock
    from off-island will initially be used until local crops are available).

 
The Bond financing terms and utility sales agreement require the plant to buy locally
    produced feedstock as it becomes available

  Only "sustainable" biodiesel will be produced
, described in Hawaiian Electric
    Company's policy (prepared by the nation's most respected environmental watchdog and
    policy setting organization, the Natural Resources Defense Council)




Shared Project Profits with the Public*
  Biofuels Public Trust will receive ~ ½ of Project profits

  Biofuels Public Trust will fund local development of agricultural infrastructure

 
The Biofuels Public Trust and the viable market that the Plant will create, will stimulate
    robust agricultural growth within the state



Long-term Low-cost Biodiesel to HECO*
 
Special Purpose Revenue Bond legislation allows this Project to obtain more attractive financing terms, which gets passed on to rate-payers.

  Unique Tolling Agreement Pricing Structure:
 
- Full “open-book” Cost & Pricing Disclosure
- Capped Margin Percentage
- Consumer is insulated from petroleum and biofuels price volatility

* HECO makes no profit on fuels (or on biofuels). All of HECO's net Project profits will be contributed to the Biofuels Public Trust to further stimulate local bio-crop development. 

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