Project takes up 460,000 sqare meters = 113 acres.
point of reference - ADM Clinton 100,000 MT plant comprises of 44 acres.
They going to bring in trainloads of Indians and Pakistanis (no offense, however I have been to the Middle East) to monitor the millions of cholecystectomy bags needed for that type of process?
Fact is, SZYM is only company that has scaled. Go back to the basics. Who has scaled?
in the desert.
Questions? Comments? Concern?
Caught my attention. Research SZYM's soladiesel's cetane rating. I doubt any other bio product has surpassed it to date. Honeywell press release sounded like Wolfson talking back when he addressed the importance of a high cetane rating.
SABIC was the chemical company and PDF presentation is still available. Keyword Heliobiosys, solazyme and SABIC
Reminder that per a Heliobiosys grant application, that May or not still be available on the internet, Helio, szym and a Saudi chemical company were working together on a process that used modified salt water as basis for feedstock.
37 million gallon.
And you will note he (CEO) was quick to come back to algae.
Makes you wonder why that specific question would come up at this point and time? Navy about to announce a 37 million advanced biofuel award and a company that SZYM has worked with in the past ( Honeywell UOP) CEO gets a fat pitch from Cramer. Mmmmmmmmm
"Sorry to disrupt the delusions of grandeur, but we're a tiny sideshow to Bunge."
Until such time that the process and metrics are proven. Then it becomes a priority to expand this technology with BNDES financing and cheap sugar.
It is what it is until is isn't. Perhaps the time has come to where it is no longer what it was. Just perhaps.
I will also say that I do not own a home and I view my margin expense/deduction as most homeowners see their mortgage interest deduction.
The difference being that a home does not have the appreciation potential and liquidity that shares of SZYM do.
to remind me that "get rich quick" ideas never work out as planned.
I do hope, however, that it also reminds me and my visitors that it takes a lot of work and patience to build real wealth.
Low margin interest rate and fact it is tax deductible is nice. Having a low average cost is even nicer. I can see how jet fuel would be thrown on the fire by those with high margin purchasing power as it continues to feed on itself (up and down)
Give us favorable metrics SZYM and I will help throw whatever jet fuel I have on the fire.
Thomas' quotes are from a person whose work career consisted of an internship while in college.
I do not have the answers. I just know that 24 hours ago, nobody could have imagined $3.50 to $4.21 cost competitive biofuel. Let's see how this shakes out later this week.
What is the price per MT at $4.21 (.71 CCC subsidy)
My guess is that they have something going on down in TX or Louisiana way that has yet to be disclosed.
SZYM management is top notch. They don't just file and obtain a Texas distributor permit for #$%$ and giggles.
And, what other entity can go into the Navy bidding process knowing they have a "significant blend contract" with another entity that can be used in the internal numbers prior to submitting the bid.
Huge, absolutely huge advantage.
I would also like to point out that Wolfson has said the word "celluosic" more in the past 4 months than in the past 3 years.
I know for a fact that SZYM is using enzymes as a tanker truck marked "enzymes" was witnessed at the Clinton plant. Just have not figured out what they are using enzymes for. I think we are about to find out.
1) I think the 3.50 is after the .71 CCC subsidy.
2) Imagine if they can produce a product profitably at that price. What would that say for the profit on the higher value oils?
3) What if they make enough off of the gov't contract to cover the nut on a facility down in Texas where they have a license for distribution then more than make up for it with the significant blend contract that Wolfson alluded to in the previous CC?
Why would the speaker on the video discuss RIMPAC and the 12 million in research when SZYM had a large role in all of that if indeed SZYM was not involved in the $3.50 (or is it $4.21) per gallon bid?
4.21 x 37,000,000 = 1155,770,000.00 x 20% Margin = $31,154,000.00
$31,000,000 from an outside source (military) applied to infrastructure/administrative costs etc... would sure help that significant blend contract look pretty darn attractive.
6th tweet down. Bids expected to be 3.50 range. Discusses Rimpac test and cost of research and how it is about to pay off. Great video.