Biofuels Update: Raven Biofuels (OTCBB:RVBF)
Dear Members,
As discussed in my latest emails, I would once again like to take a moment to touch on important factors affecting our small-cap favorite Raven Biofuels International Corp. (OTCBB: RVBF).
As I have been reading through important news regarding the global demand for clean and renewable energy, I have come across some important articles that apply to Raven.
On September 29, 2008 approximately 120 agricultural researchers, economists, and industry professionals attended the Northern Plains Biomass Economy conference in Fargo, N.D. to discuss the incentives that are in place for developing a cellulosic ethanol industry in the United States and how biomass-producing states can take advantage of those incentives.
This meeting produced the idea that cellulosic ethanol technologies are advancing and producing a “promising opportunity” for biomass-producing states.
A week after this meeting, on October 8, 2008, the U.S. Department of Energy (DOE) announced the funding of US $76.3 million to POET, a leading cellulosic ethanol producer located in San Diego, California.
In a related story, Mascoma Corporation announced that it has received a total of US $26 million in funding from DOE and an overall contribution of US $23.5 million from the State of Michigan to help commercialize its cellulosic ethanol technology.
It is shown from these articles that cellulosic ethanol as a source of energy is very much a hot topic in today’s economy. Right now, bio-fuels are capturing about $23 billion of the $1.3 trillion we spend each year to power our cars, trucks, airplanes, trains and ships. That’s just two percent of the market with an astounding 98 percent upside. To say we’re at the forefront of a growth curve is an understatement.
The fact is that major governments from the world over have practically guaranteed this revolution by writing it into law. The U.S., the E.U., Japan and China have all passed statutes mandating that bio-fuel be increasingly used to replace crude oil products in order to reduce emissions and to reduce dependence on foreign crude.
Ethanol production should increase dramatically over the next couple of years because of the Energy Policy Act of 2005, which set a renewable fuels standard mandating 7.5 billion gallons of annual domestic renewable-fuel production by 2012. Furthermore, refiners will be required to blend bio-fuel into diesel and gasoline supplies.
That being said, this is a great time for Raven Biofuels International Corp. Funding money is available, the technology for cellulosic ethanol is advancing, and incentives are giving businesses a chance to be ethanol producers.
Keep your eyes on this small-cap gem. RVBF should be on your radar as it is only a matter of time before this company turns from a prospect into a star performer.
Sincerely,
Marc Johnson
CEO and Chief Analyst
Bellwether Report
Sources:
http://www.alternative-energy-news.info/biofuel-market-set-to-grow/
http://www.biomassmagazine.com/article.jsp?article_id85
http://www.renewableenergyworld.com/rea/news/story?id=53789
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