That may be the main reason Dr. K goes there and presents. Even if he does not pick up any business, he can get some nice beach time in at the resort.
The PR says nothing about anything having been planted in the ground in Hawaii. Facebook shows one pot with one plant. No PR ever has. Perhaps PR #2 will indicate something has been planted or perhaps not. We will see
Isn't that the purpose of PRs, to tell us what it is doing. This was described as a progress report and the only progress that was reported was that Karl talked to people in Hawaii. I am taking him at his word that this is the extent of his progress. Raising the possibility of secret projects is a form of fantasizing to make yourself feel hopeful.
Rod was right. This PR does clarify where things stand in Hawaii. It basically says that Karl has been talking to people in Hawaii. That is the extent of his progress in Hawaii.
They are busy trying to find a replacement for the company that was supposed to build the biodigester. They may also still need financing. I suppose we will hear from them when those activities are completed. Unfortunately we have to consider the strong possibility that they may not make the June, 2015 launch date they previously announced.
According to their PR, their pellt mills will be operational early 2015 and mid-2015. If Kleangas was going to make pellets from GKG, the contracts would already have to have been signed and the nurseries would already be planted.
Today the market pps has downward momentum. So I guess by your logic that means that today the market does not think much of VSPC and GKG.
A one day blip does not make an upward trend. GKG may be better than Napier grass, but is it better than Super Napier grass? That may be the more relevant benchmark now. How do you know the next PR is particularly meaningful?
If I am understanding correctly, at this point Tibbar does not have funding for this project nor do do they have a design and builder for their biodigester plant since the one they had declared bankruptcy. Given that it is mid-Sept., there are big question marks in regards to whether they can/will meet their June, 2015 launch date and even whether they will launch at all. This is a big disappointment and concern as I believed this project was the closest one to being in the bag and would be the most likely to bring in significant revenue next year.
By itself this project will be a very small revenue producer. They are building a 6MW biodigester. GKG will be the secondary feedstock source so it will account for less than 3MW. My guesstimate is that it will only produce about $75,000 or less in revenue/yr and that is after Phase 2 is completed which is several years away. Hopefully there will be other similar applications of GKG that will create some much needed publicity for it.
Tania was probably shopping for a new digester model and builder to replace the one that just went belly up on them. I wonder how long this setback will delay their launch?
This is another desperate attempt by Rod to spread a cloud of optimism by obfuscating reality. Energia Reino Verde is a company that was created by Agricorp and VSPC. They are working together on one project in Nicaragua. There is no evidence that they are "breaking ground" on anything beyond some nursery acreage. They are still doing a feasibility study on this project and have no commitment for financing. That means they are still in the planning stages and a long way from actually constructing anything, if they ever do. TIbbar's biodigester plant in St. Croix was supposed to by completed and launching by June, 2015. However, it has recently run into a major problem as the company they were relying on to design and build their plant just declared bankruptcy and is being dissolved. Tibbar has not released any statement as to what the impact of this major setback will be in regards to #$%$ ability to "break ground" and move forward and launch timing. Interestingly, Rod did not mention all the other projects that he used to congratulate Dr. K and Dr. S. about, probably because they have gone completely dark. The only 2 projects VSPC follows-up on any more and heavily markets (and now it seems so does Rod) are the ones in Nicaragua and St. Croix. One is in the very early planning stage, the other has run into a major hurdle and we are waiting to hear what its future will be. IMO, any attempts to make these projects look like they have advanced further or are more certain is disinformation.
I have nothing against the testing. The information and claims developed can be valuable in a number of ways. However, it is clear that the company is having difficulty gaining any traction. In the past 4 months, only one new contract in Jamaica has been announced. Several of the projects announced within the past year have gone completely dark - Maricopa, Pakistan, Mesquite Lake, and Guyana. Now the Tibbar project in St Croix, the one project that was supposed to be in the bag, may be in trouble because the company they were depending on to design and build its Power Plant has just gone bankrupt.
Whatever they are, it is clear that the company is no longer moving forward. If you read what I posted, the creditors are lining up to get what they can and the business is being wound up.
It is bankruptcy.
"A business building biogas plants has started bankruptcy proceedings.
Entec Biogas GmbH started the formal process of declaring itself bankrupt at a regional district court in Feldkirch last week (3 July).
The company has assets of around #$%$4.9m and around 80 creditors. A spokesman for the court was able to confirm the details of the bankruptcy.
He said the decision was taken because a "high number" of Entec Biogas clients are struggling to pay their bills, which is having a major impact on the company’s cash flow.
Under Austrian regulations there is a ‘registration period’ which will last until 8 August for other creditors to come forward.
The business has its headquarters in Schilfweg, western Austria.
A further hearing is due on 28 August. This is likely to formally wind up the business which has operated in Austria, Germany, Spain, France and Italy as well as the far-east and North America."
This is obviously a new major risk for this project. Has anyone heard how Tibbar is dealing with this issue?
I think the feasibility study is more of a "what needs to be done, how much will it cost and can we do this study. "A potential Engineering, Procurement and Construction (EPC) contractor from the United States visited the plantation and power plant site to evaluate the project."
Show me anything that says GKG has been planted in Hawaii. Even if the buckets were planted, it does not mean any projects are on the horizon. Grass has been growing in Myanmar for several years and still nothing. That is my point with Hawaii. Thank you for making it for me.
They have been in Hawaii for 20 months. That is plenty of time to complete an MOU. In all that time, VSPC has not even hinted that they were close to signing a deal with anyone there. At some point you have to be honest with yourself that it is more likely that we have not heard anything because there is nothing to hear.
VSPC has never claimed that GKG is growing in Hawaii in anything other than the buckets that were released from the Hawaii DOA quarantine facility. There is also not a shred of evidence that they have lined up any projects in Hawaii.