First Name | ex-commercial banker |
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Last Name | concerned taxpayer |
Email Address | cecore@aol.com |
Affiliation | |
Subject | Attn: 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. |
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Date and Time Comment Was Submitted | 2018-03-26 08:36:36 |
If you have any questions or comments please contact Clerk of the Board at (916) 322-5594.