everyone focusing on brazilian sugarcane for biofuel - scrapping algae, ethanol and all the rest
In the U.S., Exxon Mobil Corp. (XOM) and Chevron Corp. (CVX) already have pared back on biofuels. Chevron shelved most of its work in 2010 after deciding the 100 feedstocks it examined wouldn’t provide the returns executives desired. Exxon spent $100 million over four years on algae without finding a viable fuel.
Both Shell and BP are expanding their traditional biofuel businesses in Brazil, where they brew fuels from sugar cane. Shell has 23 refineries there with Cosan SA Industria e Comercio. BP in December announced a $350 million doubling of the capacity of its Tropical ethanol project in Brazil.
google Bloomberg - Biofuel investment at seven-year low
ahhh applepeaches didn't like my factual post so he had to smear the board with his babble once again. in one sense it's seems like applepeaches could be a hedge fund pawn but then i think this clown is such a inbred mongoloid.... oh no, here comes his other handle ontoperfume007 with more blah blah blah!!
I am not applepeaches. I like the sector that AMRS is in. I think they have a good product. I for sure didn't buy this at $34.
Problem is that management has not shown any results. Very few believe in this stock, as evidenced by no buying. This company has to show the public it knows what its doing. If it were doing so well, why isn't the price higher...much higher???