New BioFuel Company May Locate in Vero Beach

Real Estate Agent with Coldwell Banker Ed Schlitt

Biofuel may soon become one of the new companies relocating to Vero Beach, Florida.  New Planet Energy, a California based alternative fuel company, is negotiating to buy property in southwest Indian River County to convert a variety of micro-organisms from plant wastes and trash into biofuel.  The Indian River Chamber of Commerce is enthusiastically promoting the company's application for permits to allow the company to produce 8 million gallons of biofuel a year within the next two years.  The company is also working with the county landfill managers in a proposal to use methane gas and solid wastes from the land fill. 

Florida's Energy Act is offering a $2.5 million grant to encourage this project in keeping with the state goal to achieve 10% of motor fuel from alternative sources by 2010. 

In our opinion, these sources of biofuel would be especially consumer-friendly because these waste sources would not impact food prices as in the case of the diversion of corn to biofuel.     

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