Friday, January 28, 2011

 

Just the Facts


By Henry Curtis

The Star Advertiser printed a story (a press release) stating that HR BioPetroleum will become the sole owner of Cellena by buying out the shares that are owned by Shell, and that furthermore Cellena has all the permits needed to produce half of MECO's fuel in a few years.



Not in the story were opposing views, or substantive facts. There are no commercial algal biodiesel operations in the world. Cellena cannot sell that much fuel to MECO without a Public Utilities Commission (PUC) approved contract, which they don't have. MECO can't unilaterally procure that much fuel without getting competing bids. They must put it out to bid. And why one of the largest oil companies in the world -- Shell -- would walk away from something of this importance if it were so imminent, so world altering.

Henry Curtis
ililani.media@gmail.com
 
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