Biodiesel and Ethanol Investing

CNN Money reports that KL Energy Corp.’s Upton, Wyoming cellulosic ethanol plant has been approved by the U.S. Department of Agriculture as a biomass production facility under the Biomass Crop Assistance Program (BCAP). BCAP will provide KL Energy with funding to offset the feedstock cost associated with their demonstration biorefinery in Upton. BCAP offers a per-ton payment for the collection, harvest, storage and transportation of renewable biomass delivered and sold to a local biomass conversion facility such as the Upton facility. Senator John Thune authored BCAP, which was included in the 2008 Farm Bill.