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N-Viro International Biofuel Project Receives Initial Approval
Toledo OH (SPX) Jan 05, 2009 N-Viro International has announced that the Michigan State University Board of Trustees has authorized MSU to proceed with the planning and design of a biofuel processing facility adjacent to the T.B. Simon Power Plant, which is located on the University's 5,200 acre campus. Subject to approval of a definitive agreement between MSU and N-Viro by the MSU Board of Trustees, this facility will manufacture N-Viro Fuel. The N-Viro Fuel production facility, which will process biomass material into biofuel, will enable MSU to offset a portion of the coal used at the T.B. Simon Power Plant with renewable biofuel. When the production facility is fully operational, it is expected to reduce the plant's current emissions of carbon dioxide by at least 3% to start, and create substantial additional savings as this project grows. The N-Viro Fuel facility is expected to facilitate the realization of financial savings for the University. It also would assist the State of Michigan in its goal of 10% renewable power generation by the year 2015. Timothy Kasmoch, CEO and President of N-Viro International, said, "Receiving the plan approval from MSU is a tremendous achievement for N-Viro International and N-Viro Fuel, in particular. We have been working diligently with the University to create a plan to produce biofuel that will help achieve the goals of reducing CO2 emissions. MSU's commitment to this project demonstrates its determination to support positive environmental stewardship, with corresponding benefits for its nearly 50,000 students." It is expected that the definitive agreement with N-Viro and authorization to proceed with construction will be taken up by the MSU Board of Trustees in the early Spring 2009. Once approved, a release for construction would be issued following a competitive bidding process for construction of the processing building. Upon final approval by the Board of Trustees, construction of the N-Viro Fuel production facility should begin in mid-2009. Based upon current pricing estimates, MSU's preliminary cost for the project construction is $20 million, which MSU currently anticipates funding through tax-exempt financing with debt repayment from the General Fund (Power and Water). Mr. Kasmoch continued, "We believe N-Viro has developed the first replicable waste-to-energy model that can benefit universities throughout the country; one which can be funded through both public and private sector financing. We hope that this project will demonstrate to other universities that they, too, can achieve benefits by utilizing the renewable and alternative, N-Viro Fuel." Mr. Kasmoch concluded, "With the approval to plan for the MSU facility and our other efforts to develop N-Viro Fuel, we believe that there are significant opportunities for this Company as a 'green' alternative and renewable fuel company. We look forward to being a positive renewable energy solution for not only MSU, but on a much broader scale as well." Share This Article With Planet Earth
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Wellington (AFP) Dec 30, 2008Air New Zealand on Tuesday successfully flew a test flight powered by second-generation biofuel, and hailed it as a "significant milestone" in the development of sustainable fuels for aircraft. |
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