Humble News Report:Biofuels Power corp., to use Ike debris for eclectricity generation

Humble News Report: Having been one who was impacted by Ike’s massively powerful storm it is nice to hear that something positive is comming out of it in the end. According to the Texas A&M Real Estate Center, Biofuels Power corp. will be using clean up debris from Ike’s aftermath to produce electricity for the Houston area power gride, in a new facility located near Humble, Texas. You can read about the details in the article posted below.

The Woodlands-based Biofuels Power Corp. announced that it will manage a new four-megawatt power plant fueled by green Ike waste that will directly benefit the Houston grid. The six-acre site near Humble will feature a 2.5-megawatt steam turbine and a 1.5-megawatt diesel electric generator provided by Biofuels Power in exchange for 30 percent equity in the project. Landowner DSMC has donated the land on a ten-year lease, as well as infrastructure and fuel, for 30 percent equity. For a 10 percent stake, Houston-based Texoga Technologies Corp. will provide expertise in retrofit and carbon sequestration via several abandoned oil wells on the site, which sits atop the Humble Salt Dome. The remaining 30 percent is owned by tax credit financing partners. “The Humble project gives us an extraordinary opportunity to help with the Hurricane Ike cleanup, convert tons of pre-chipped waste wood into green electricity and sequester exhaust emissions in a legendary oil field that has been largely inactive for the last 50 years,” Biofuels Power Corp. President Fred O’Connor said.