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April 2, 2007

Editor: Steve Ebling

steve@fuelcellstocks.com



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Attention Ethanol/Biodiesel Investors

I have been contacted by a capital placement firm that is presenting a combined ethanol/biodiesel biorefinery in the Midwest to professional investors. .

The bio-refinery will be built in two stages. The 40 million gallon biodiesel facility will be built in 2007 and the 50 million gallon ethanol facility in 2008. First year revenues are expected to be $86 million, with $185 million yearly expected after the ethanol plant comes online, with an EBITDA of approximately $30 million. The company expects to be cash positive in the first year.

By combining the Ethanol and Biodiesel facilities, average return on invested capital (50% debt, 50% equity) is expected to be 21.2%, an increase of 3.69% over stand alone facilities.

The biorefinery will be perfectly situated in an area with minimal competition, abundant feedstocks, and easy access to both rail and trucking.

The area is rich in corn (ethanol feedstock), soy bean oil (biodiesel feedstock) and, additionally, corn oil, a by-product of the ethanol production process, will provide 10% of the feedstock for the biodiesel facility.

The facilities will be located on the Union Pacific Mainline and adjacent to 3 interstate highways, with access to possible pipelines to local and national markets.

The company prefers an affiliation with established, renewable energy companies, but they are prepared to recruit their own management if necessary. EPC contracts will be provided by Burns & McDonnell, as general contractor, utilizing Westphalia and ICM, respectfully for the biodiesel and ethanol production technologies. The transactional entity may or may not be public.

If you are interested in investing in this project, please email me at steve@fuelcellstocks.com


Fuel Cell Stocks Index

Closing Prices March 30, 2007

Click on names/Symbols for detailsxOil 65.87

Stock Exchange
Symbol
52 wk
Close
%
New York
       
Air Products & Chemicals
76.60/53

73.96

+.28
Magnetek
6.15/1.90
5.04
-.02
Teledyne Tech Sys
42.85/25.42
37.44
-.35
United Technologies
65.81/48.43
65.00

+.01

Nasdaq
       
Arotech
16.66/.24
3.39
-8.87
Ballard Power Systems
13.14/4.04
5.53
-.90
Distributed Energy Sys
10.70/2.58
1.37
-5.52
Energy Conv Devices 
57.84/22.50
34.94
-1.24
FuelCell Energy 
15/6.28
7.86
-3.32
Fuel Systems Solutions
18.17/4.20

18.52

-2.78
Hoku Scientific
13.43/2.86
5.90
-.51
Hydrogenics
4.40/1.37
.95
-1.00
Medis Technologies Ltd.
35.90/12.74
16.91

-2.37

Methanex
25.48/13.89
22.33
-.84
Mechanical Technology
5.00/1.90
1.55
-2.51
Millenium Cell
2.79/1.00
.97
+1.04
Plug Power 
7.73/3.80
3.16
-1.25
Quantum Fuel Systems
5.22/1.67
1.22

+3.39

Amex
     
Enova Systems
5.90/2.50
3.96
-.86

UQM Technologies

UQM

6.46/2.50

4.11

unch
     
Acta
167/91
112.50 -1.30
Ceramic Fuel Cells
42.75 -5.00
Ceres Power
316/95
228.50 -3.60
CMR Fuel Cells
250/164.50
147.50 unch
ITM Power
351/65
113.00

-4.20

Polyfuel
106.50/47.50
46.50 -3.10
Protonex
89.50/90.50
92.50 unch
Voller Energy
82.00/22.50
25.00 -9.10
     
Dynetek Industries Ltd.
2.40/1.60
1.74
-.57
Questair Tech Inc.
1.85/1.02
1.40
+.07
TSX
       
Hy-Drive
4.40/.40
2.80
-.15
HTC Hydrogen Tech
6.69/1.85
2.39
+.19
Palcan Fuel Cells Ltd.
2.45/.03
.04
unch
Pure Energy
.25
unch
Sustainable Energy Tech
.44/.11
.24

+.005

Zongshen PEM Power
.345
unch
DAX
     
Masterflex
37.20/21.00
24.90
+.20
Süd-Chemie
58.67/29.00
59.40
unch
USBB
       
AFV Solutions
12.80/1.61
5.15 +14.44
Alchemy Enterprises, Ltd.
2.15/.30

1.51

unch
Alternate Energy
.38/.07
.06

+1.69

American Sec. Res
.38/.05
.059
+6.11
Astris Energi
.64/.03
.034
+1.19
Ener1
.64/.06
.26

-7.14

GreenShift Corp.
.41/.08
.086
-4.44
HydroGen
24.75/3.00
4.78
+3.01
Hydrogen Engine Center
23.50/2.45
2.75
-.36
Manhattan Scientifics
.075/.013

.022

+4.76
Pacific Fuel Cells PFCE .68/.09 .33 +3.12
Power Air Corp.
2.50/.20
.40
unch
Startech Environmental

4.00/1.61

3.00
unch
ViaSpace
3.50/.41
.42
-2.33
Zap
ZAAP
.89
-3.30
USOTC
     
Hydrogen Power Inc.
6.95/.78
.78
-2.50
HyPower Fuel, Inc. HYPF   .195 unch
Kurita Water Ind., Ltd
23.30/16.50
18.20
unch
Nanologix
.50/.05
.11

unch

Neah Power Systems
3.70/.30
.99
+1.02
Syngas International
.82/.30
.35
+6.06

 


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