"Imperium proposes to expand its existing bulk liquid storage terminal to allow for: the receipt, storage, and shipment of biofuels such as ethanol, biodiesel, and additional feedstocks for biofuel production such as used cooking oil/waste vegetable oil and animal fat; petroleum products including naphtha, gasoline, vacuum gas oil, jet fuel, No.2 fuel oil, No. 6 fuel and kerosene; crude oil; and renewable fuels such as renewable diesel and renewable jet fuel. Imperium is also applying for permits to store these bulk liquids. The bulk liquids could be shipped by rail, trucks, ships, or barges to and from the facility from the Port of Grays Harbor Terminal 1.
Up to nine storage tanks would be constructed on the site to the north/northwest of Imperium’s existing bulk storage tanks. The new tanks would each have a capacity of 80,000 barrels (3.36 million gallons) for a project total storage capacity of up to 720,000 barrels (30.2 million gallons). The annual maximum throughput for the entire Imperium facility, including the expansion, would be 30 million barrels (1.26 billion gallons) per year. The tanks would be surrounded by a concrete containment wall with the capacity to contain the total volume of a single tank plus an allowance for precipitation. "
"Update, 9:45 a.m. Sunday: Two victims are now in good conditions, and one is in serious condition, according to a Baton Rouge General spokesperson."
It is pretty hard to follow what's going on with ALTI but there are some chinese news out there.
Google translation below; ALTI is translated to Auburn titanium company.
"Hebei Broadcasting Network September 1 news (reporter Zhang Yan Hebei Handan radio station reporter Zhao Feng, Lu Juan) August 31, located in Handan Wu'an silver Lung new energy to put into operation the second phase of the northern base. 2010, Silver Lung Group successfully acquired the world's largest manufacturer of lithium battery materials Auburn titanium company, to become the world's largest lithium titanate materials and battery production base.
Two engineering design production capacity of 10,000 tons of lithium titanate, lithium titanate battery 10 billion Ah and all kinds of new energy vehicles 33,000, including the production of lithium titanate and lithium titanate material used in all the world's leading battery faster filling materials technology, compared to battery products now on the market, the charge time from 6-8 hours to 6-10 minutes shorter, and the battery life is extended from two to four years to 20 years. Product costs also dropped by 40% and energy density increased by 30%. Electric vehicles in commercial vehicles, private cars in the promotion of the foundation."
"STREATOR, Ill. (DTN) -- The 75-million gallon per year Geismar renewable diesel biorefinery in Louisiana was shut down temporarily at midnight local time due to a fire, according to a statement issued by the Renewable Energy Group Friday morning.
REG told DTN operations have resumed at the plant."
"The fire at Renewable Energy Group's facility in Geismar that injured four people Thursday night began when a hydrogen line that was under maintenance became pressurized, the Ascension Parish Sheriff's Office said.
The hydrogen then was released, and something -- exactly what is unknown at this point -- ignited it.
This was the second fire in recent months at the facility: A previous fire in April, which injured two employees, was caused when a seal in a hydraulic pipe went out and diesel fuel caught fire.
Thursday's fire broke out at about midnight, the company said, and injured three contractors and one REG employee. Nick Matassa, son of Gonzales city council member Kenny Matassa, is among the injured.
Baton Rouge General, where all of the injured were taken, said Friday at about 11 a.m. that one patient had been discharged. Another was in good condition, a third was in serious condition, and a fourth was in critical condition."
Oups! I had one too many zero ;-)
"Renewable Energy Group Closes Acquisition of Imperium Renewables" - official. EOM.
... is indexed against the energy costs.
Heard from one of the last 2 REG presentations at Investor conferences.
You can listen to these on REG web site.
White grease down to $0.21/lb. Need 8 lbs to produce 1 gallon of biodiesel.
Feedstock cost = $0.21 X 8 = $1.68
B100 sells for $2.55-2.60
"This permit action is for a Major Amendment. REG is proposing to increase its maximum production rate
from the currently permitted 31.5 million gallons per year to 38 million gallons per year. No physical
changes to the facility are required to accomplish this production increase."
Not much is coming out of ALTI.
In China, the parent Yinlong Energy pursues a vertical integration approach starting with EV buses.
Check zhyle (ZHuhai YinLong Energy) web site.
ALTI itself has delivered 200 EV buses to Handan City.
"ALTI holds the patent on LTO technology"
Not sure what you mean by that!
ALTI owns patents to make nano-sized lithium titanate, and they know the recipe to make a nLTO cell.
The recipe for the cell is not patented as far as I know; and there are other ways to make lithium titanate powder even if of a lesser quality.
Toshiba, XALT (ex-A123), Leclanche, Microvast and many others are making LTO cells.
ALTI is not alone anymore and will get no royaltees from them.
Their competitive advantage is the size of their chinese plant (few thousand tons per year)
Did REGI stated with whom they split the pot of $$$?
I suspect the feedstock supplier and the blender.
If this is the case, Geismar and Energy Services could allow to keep the blender portion.
"In the first half of 2015, we received approximately $220.3 million related to the 2014 reinstatement of the BTC, of which about $139.1 million was paid to our vendors and customers,"
About $81.2M or 37% is retained by REGI
With Geismar, REG claims 332M gallons capacity.
Add Petrotec at 56M and Greys Harbour at 100M and you get 488M total nameplate capacity.
Without the BTC, that's about $1.5B in sales based on nameplate capacity which they cannot achieve.
Adding the $1 BTC, you will get closer to your $1.7B
"We recorded risk management losses of $3.6 million and $4.0 million from our derivative financial instrument activity for the three and six months ended June 30, 2015 , respectively, compared to losses of $2.7 million and $3.4 million for the three and six months ended June 30, 2014 , respectively. Changes in the value of these futures, swaps or options instruments are recognized in current income or loss. Over the first six months of 2015 , we had risk management losses of approximately $0.03 per gallon sold. Over the last three years, risk management gains have represented income of approximately $0.07 per gallon sold."
"For the three and six months ended June 30, 2015 , we sold 96 and 156 million total gallons, including six and ten million gallons of biomass-based diesel that we purchased from third parties and resold, 10 and 19 million international biomass-based diesel gallons from our majority owned investment in Petrotec and four and eight million petroleum-based diesel gallons, respectively."
So for Q2:
minus 6M purchased from third party
minus10M produced by Petrotec
minus 4M petroleum-based diesel
gives 76M produced while REGI reported 73M produced?!
At June 30, 2015: $17.5M
At March 31, 2015: $8M
Looks to me that REGI could have sold their RINs and make a net benefit!
Then consider the loss due to hedging and the loss due to Geismar, the net benefit could have been $20M+ in a perfect world w/o BTC
What does a net loss of $2M means then for the future share price?
In April 2015, the Company experienced a fire at its Geismar facility, resulting in the shutdown of the facility. The Company estimated fixed assets of approximately $11,027 were impaired as a result of the fire. As of the date of this report, the Company has recovered an interim receivable amount of $5,000 from
insurance for the property damage and believes it is probable that it will recover the remaining costs under its insurance policies. As such, an amount equal to the
estimated impairment loss was recorded as part of accounts receivable on the Condensed Consolidated Balance Sheets at June 30, 2015 and no impact on earnings
was recognized. The Company intends to file insurance claims under its business interruption policies as a result of the business interruption it experienced in
connection with the fire at the Geismar facility. As a result, the full amount of proceeds to be received has not been determined and no amounts related to business
interruption insurance have been recognized in earnings at June 30, 2015 .""