Renova Energy Share Discussion Threads

[crystalclear] 22/6/2008 02:34

Britain has started diluting petrol with 2.5% biofuel.
When petrol is diluted you need to fill up more often and that costs money.
So the reward for corn ethanol companies going bust is cheaper transport and cheaper food.

[the_doctor] 21/6/2008 12:15

Another one bites the dust.
Sad to see, given the good intentions these companies generally have, but the original business models were just too flawed.

[brando69] 21/6/2008 02:57

there is a silver lining

at least the ramp king roverisback/maestro lost his investment here...

[motoben] 21/6/2008 00:32

so chapter 11 it is then, good bye to your investment. that they need $4m of working cap to carry on shows that even if they have sold more ethanol it doesnt mean that they made any profit

[harry s truman] 17/5/2008 19:27

Why does it have to be corn when you can use the husks?

[crystalclear] 16/5/2008 11:48

If you can grow fuel for less than it costs to pump it out of the ground or dig it up it makes perfect sense.

But at $6 per bushel of corn and 3 gallons per bushel ethanol production yield, the cost of corn is $2 per gallon of ethanol made. $2 * 42 gallons per barrel makes $84 per barrel of ethanol spent just on corn.
Since ethanol has about half the energy content of petrol that makes the corn cost around $168 per barrel of oil equivalent. Then add on the cost of coal to heat the distillery.

At the moment about 1/5 of US corn is used to make ethanol, but what is going to happen to the price of corn with Bush's plans to increase ethanol production 5 fold?

[bungee] 14/5/2008 02:43

If you can grow fuel for less than it costs to pump it out of the ground or dig it up it makes perfect sense. Just means the price of food will go up in line with the price of oil.

[cheshiremoggie] 13/5/2008 17:13

In 5-10 years second generation biofuels will use agricultural waste and help to be the saviour on all fronts.

Wont help the 1st generation companies though.

CM.

[chairman2] 13/5/2008 12:00

shares effectively worthless

no mention of filing for Chapter 11
in the States -I wonder why?

Its the clearest route out.

[spikers] 13/5/2008 10:08

In 5 - 10 years the biofuels industry will vanish. Using foods as fuel is simply crazy. Damaging on all fronts.

[wavydavy22] 13/5/2008 09:09

bust within 6 months mark my words

[motoben] 13/5/2008 07:28

so the non exec directors whose job it is to oversee what the main directors are doing with the company have jumped ship and rva still haven't got the finiancing sorted, looks like chapter 11 bankruptcy may be coming soon

[joesmoke] 01/5/2008 11:22

stereo......

[asparks] 30/4/2008 09:29

if you like biofuels RPL is a far better prospect

[asparks] 30/4/2008 09:28

if you like biofuels RPL is a far better prospect

[rob the slob] 29/4/2008 20:38

still waiting on the chance of a buy out

[joesmoke] 29/4/2008 13:33

who are you talking to?

[asparks] 21/4/2008 08:25

why is anyone still here?

[jimarilo] 21/4/2008 08:23

all sells the last couple of days yet the share price goes up ;-)

Sorry still filtered from last year lol

asparks - 21 Apr'08 - 08:25 - 1027 of 1027 (Filtered)

[the_doctor] 18/4/2008 13:25

Dont forget to factor in the rising raw material costs

And it'll only recover if it doesnt go bust first

[jimarilo] 18/4/2008 13:03

Could be a good recovery play in the making, particularly with oil at current levels

Time will tell

[crystalclear] 08/4/2008 11:30

Last week Renova, an AIM-listed ethanol manufacturer, confirmed that it was struggling to secure finance for a 21 million-gallon plant in Idaho, and last month Pacific Ethanol, a Californian producer, disclosed big quarterly losses, cost overruns and bank loan defaults as the cost of corn hit its margins.

"Financial markets have been spooked [by the present price of corn]," Christopher Thomas, the chairman of Renova, said. "Two years ago the cost of corn was $2 a bushel; now it has reached $6. As the feedstock goes up, your margin is squeezed."