New Biodiesel Plant In Cheshire (CT) On Auction Block

[OKIsItJustMe]

http://www.courant.com/community/news/mr/hc-biodiesel0809.artaug09,0,663653.story

New Biodiesel Plant In Cheshire On Auction Block

By LYNN DOAN | Courant Staff Writer
August 9, 2008

A brand new biodiesel plant sits in Cheshire, almost ready for service, and it's for sale.

The price: "Whatever anyone will pay for it."

This 7,500-square-foot web of pipes and unfilled tanks, centrally located in the state, might seem a hot property at a time when homeowners face the ugly prospect of $5-a-gallon heating oil this winter. Biodiesel — which converts vegetable oil and animal fat into fuel for heating systems and diesel engines — has been a much ballyhooed technology in recent years.

For now, the plant isn't fueling anything but speculation over what its selling price will be at an upcoming auction. It is the single largest asset of F&S Oil Co. — a Waterbury-based heating oil company that closed abruptly, stiffing thousands of residents who had long-term contracts.

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[tech3149]

1. Sounds like a good idea killed by scam artists

I've seen this story before with an innovative speaker design. The simple and trusting developer got involved with self-serving and greedy people who were willing to trade a big profit today rather than seeing the long term benefits. Of course, the company never got off the ground because needed resources were channeled to personal profit. Check US patent # 4881617.