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Comment 4 for LCFS 2018 (lcfs18) - 45 Day.

First Nameex-commercial banker
Last Nameconcerned taxpayer
Email Addresscecore@aol.com
Affiliation
SubjectAttn: Anil Prabhu - Public Comments on Tier 2 Fuel Pathway Applications
Comment
Anil: Left you a phone message to discuss but never heard back from
you.  As an ex-banker for 25 years who financed biodiesel plants
you may want to do due a lot diligence on the biodiesel companies
on your list.  Banks have had problems in the past financing
biodiesel plants. (Co-bank as an example)  In my opinion with RIMS
abuse and fraud and RFS in disarray I caution your involvement.  I
have watched many US biodiesel plants go into bankruptcy and
liquidated over the last 10 years. Biodiesel plants (even the
biggest 10 years later) have continued to lose money.  You can't
build a business all based on a tax-credit. It was a flawed plan.

You may want to re-think your plan.

I am not a fan of Big Oil but you may want to consider what Exxon
is doing with algae biofuels.  Algae is renewable, has no affect on
the food channel (like biodiesel) and consumes CO2.

Thank You,

An ex-commercial banker for 25 years and concerned taxpayer.

Attachment
Original File Name
Date and Time Comment Was Submitted 2018-03-26 08:36:36

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