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Bioethanol plants are required by the government to sell their produced fuel ethanol only to appointed oil companies, such as PetroChina or Sinopec at a price of 0.91 or about $0.82/liter. The government subsidizes the gap between the sale price and production cost. China's potential marginal arable lands are limited and most are fragmented.
The process to be used at the Emmetsburg plant will enable the plant to make 11% more ethanol by weight of corn and 27% more by area of corn. The process cuts the need for fossil fuel power at the plant by 83% by using some of its own byproduct for power. The $200 million plant is scheduled to begin in February and take about 30 months to complete.
The so-called "third-generation biofuels", similar to second-generation biofuels with an emphasize on the use of algae and cyanobacteria as a source of biofuel feedstocks, have an additional advantage as they take up a relatively small fraction of space when compared to first and second-generation biofuel sources, and may also help to reduce seawater eutrophication.
The company also expanded its rail division, by adding to its fleet and adding railcar repair shops in South Carolina and Georgia, as well as Mississippi. The company also earned ISO certifications for all of its liquid plant nutrient facilities, expanded its turf products division, and issued a 2-for-1 stock split and follow-on offering. [10]
In 2020, California had a total summer capacity of 78,055 MW through all of its power plants, and a net energy generation of 193,075 GWh. [3] Its electricity production was the third largest in the nation behind Texas and Florida. California ranks first in the nation as a producer of solar, geothermal, and biomass resources. [4]
The McCoy Solar Energy Project is a 250 megawatt (MW AC) photovoltaic power plant near the city of Blythe in Riverside County, California. [1] It occupies about 2,300 acres of mostly public land in the Mojave Desert.
The California Valley Solar Ranch (CVSR) is a 250 megawatt (MW AC) photovoltaic power plant in the Carrizo Plain, northeast of California Valley. The project is owned by NRG Energy, and SunPower is the EPC contractor and technology provider. The project constructed on 1,966 acres (796 ha) of a 4,365-acre (1,766 ha) site of former grazing land. [3]
The plant's power would be generated during the middle of the day, when demand for electricity — and price — is much higher than at night. The project was expected to begin construction in 2011 and be fully operational by 2014. California utilities are mandated to get 33% of their energy from renewable sources by 2020 [needs update].