Biodiesel is the only alternative fuel that runs in any conventional diesel engine with no modifications. The current supply of Biodiesel nationwide is fractional compared to the current market demand. Demand is expected to reach 20 billion gallons per year by the end of the decade.
The low emissions of biodiesel make it an ideal fuel for use in marine areas, national parks and forests, and heavily polluted cities. Biodiesel has many advantages as a transport fuel, as well as, heating oil. Producing biodiesel from renewable, domestically grown algae reduces the dependence on foreign petroleum, increases agricultural revenue, and creates jobs.
In January of 2005, the demand was estimated by a major university at 1 Billion gallons per year. The total production in 2004 was only 100 million gallons. Since that time, Governments have mandated its use, thereby increasing demand. In addition, one company, Carnival Cruse Lines, has issued a request for as much as 225 million gallons per year.
Construction and operation of this plant will add many new jobs to the local economy. Barber Energy’s direct hires will only be a fraction of the jobs created by the production of the 50,000,000 gallons of biodiesel and the resulting presscake for the feeding of local livestock. This also helps the local farm suppliers, grocers and others that these employees would patronize, as well as, the local, state and federal tax bases.
The Barber Energy project was established in early 2005 by Al Barber as a business enterprise, poised to tap into the multi-billion dollar biodiesel market and launch the world’s largest algae technology biodiesel manufacturing network. The plant is planned to produce 50 million gallons per year, utilizing algae grown on site to make diesel fuel. While there are many products that can be used for the manufacture of biodiesel, Barber Energy has chosen algae because it is the most productive source for making biodiesel.
Biodiesel is a very profitable product. With a net cost of about $1.00 per gallon and a wholesale price over $3.00 in today’s market, which is not including a tax credit from the federal government, biodiesel becomes a very sound investment. Local and state governments are currently starting to mandate the use of biodiesel, thereby growing the demand for Barber Energy’s product and reducing the demand and use of imported petroleum diesel. When the cost of petroleum diesel increases by only one cent per gallon, profits will go up $500,000.00 per year.
Barber Energy will be able to satisfy the demand within surrounding metropolitan areas, as well as, most of the state of Arizona. Long-term goals for Barber Energy consist of building additional plants in other states that will allow for the tapping of the enormous biodiesel market nationwide.
By creating fuel from the United States for the United States, Barber Energy will help set the nation.