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Crown Capital Management-122290mac

Crown Capital Management-122290mac

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    Missouri municipal power plant to test burn engineered pellets

    Columbia (Mo.) Water and Light has approval from its advisory board to purchase biomass pellets for trial burns at the municipal power plant this winter. As part of its renewable energy program, CWL has been co-firing coal with waste wood chips since 2008 and has continuously explored the use of other biomass fuels, explained Tad Johnsen, director of water and light in a memorandum to the advisory board.

    With the approval, CWL is planning test burns in January of engineered pellets developed in a collaborative effort between Missouri Corn Growers Association and Enginuity Worldwide LLC. Enginuity’s bid was to deliver 700 tons of the experimental fuel made from corn stover or a mixture of stover and grass for testing at a cost of $500 per ton. When including the cost of stack testing, fuels testing, engineering monitoring and analysis, furnace monitoring and measurement and incidentals, the total expected cost of a test burn is $375,000. CWL and Missouri Corn Growers have applied for a $125,000 grant from the American Public Power Association to help with costs.

    Last October, the CWL conducted a test firing using miscanthus pellets with mixed results. While the pellets mixed well with the coal and were handled easily in the system that includes a front end loader, bucket elevator, screw auger and chute delivery to supply the stokers, the coal plant’s handling system created dust and degraded the pellet...

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    The US Export-Import Bank board of directors voted on Thursday not to proceed with the financing of US exports to help build a coal-fired power plant in Vietnam, following a plea from US environmental groups to stop the project.

    The Ex-Im Bank board decision was made after a "careful environmental review" of the 1,200-megawatt Thai Binh Two power plant, according to a statement from the Ex-Im Bank, citing a bank official.

    Five environmental groups wrote to President Barack Obama earlier this week, calling the project "the first crucial test case" of his recently unveiled action plan to address global climate change.

    "The Thai Binh II coal plant ... would use outmoded subcritical boiler technology, a violation of your Climate Action Plan and the ExportImport Bank's environment policy. As such, this dirty coal plant will emit unacceptable air pollution that will worsen climate disruption and poison local communities," the groups said.

    They included Friends of the Earth, Greenpeace USA, [Pacific Environment](http://blog.crowncapitalmngt.com/ ), Center for International Environmental Law and Center for Biological Diversity.

    Under Ex-Im Bank policy, the board conducts an environmental review of high carbon intensity projects before considering financing. That spares the bank and exporters unnecessary expense if the project is turned down on environmental concerns, the bank official said.

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    Jakarta Globe reported. An Indonesian lawmaker announced on Friday that a Supreme Audit Agency (BPK) allegedly implicated six companies in tax fraud totaling Rp 1.7 trillion ($187 million). Companies were identified as follows, Permata Hijau Sawit, Asian Agri Group, Wilmar Nabati Indonesia, Alfa Kurnia, INJ International and EMA Majokerto Hospital by a Markus Melkias Mekeng. Markus Melkias Mekeng, House of Representatives Commission XI which overseas financial affairs member said that the companies were identified following a Supreme Audit Agency (BKP) report. Mekeng, longtime critic of the tax authority, said the commission would urge the House to form a special committee to investigate the case and demand law enforcement officials thoroughly investigate the case, which likely involves officials from the Directorate General of Taxation. He encourages the house to investigate further to prosecute the officials from the Directorate General of Taxation who were allegedly involved in the fraud scheme. “We all know that over the last three years the tax office has been unable to fulfill its collection target, and one of the main causes is that their officials may be misusing their authority for personal interests,” said the lawmaker, Markus. It was not Markus’ first time fight against these tax violators, he started standing his grounds against them long ago before these new issues became known, in May 2010, he called the dismissal of two senio...

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