Abengoa gets 2% discount on new Plant

Abengoa bioenergy has persuaded the State of Illinois to put $4m towards the cost of a $200m biofuel plant to be built at Madison, Illinois, according to the St Louis Business Journal. That will be in addition to other state and local tax exemptions.

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4 Responses to Abengoa gets 2% discount on new Plant

  1. David B. Benson 10 September, 2008 at 11:52 pm #

    In the US at least, 4 MW is hardly a drop in the bucket. Still, it makes a most modest amount of power available locally without the necessity of building (expensive) transmission lines.

    So this would work well in India, probably also Brazil and, indeed, most places growing sugarcane.

    Remember, sugar is a glut on the world market.

  2. Simon Robinson 11 September, 2008 at 8:33 am #

    HI David,
    The world sugar market is one of those dark and mysterious places that I should shine my torch. I think that it is likely to be highly price controlled and not at all transparent. I can’t see that sugar adds much to food anyway, apart from sweetness and calories. I wonder if it had been invented, not discovered, if it would be approved for use?

  3. David B. Benson 12 September, 2008 at 1:00 am #

    Sugar is subsidized in the USA in a way that makes it much more expensive than the world market price. Anyway, one cannot survive on a diet of just sugar, and it is never necessary.

  4. David B. Benson 13 September, 2008 at 1:21 am #

    All this was supposed to be connected to the following thread; the one about the Pakistan sugarcane power.

    Dunno what happened.

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