MAKING MAUI ENERGY SELF SUFFICIENT?

May 19th, 2007

In today's New York Times the efforts of Hawaii Bioenergy to make Hawaii largely energy independent through the use of  sugarcane as a biomass fuel.

 

Hawaii BioEnergy are turning to other materials, particularly sugar cane, which are potentially far more efficient sources of ethanol per input of energy and raw material than corn. Statistics from the Department of Energy, the Renewable Fuels Association in Washington and evidence from Brazil’s experience indicate that ethanol from sugar cane is considerably cheaper to produce than ethanol from corn, a savings that potentially could trickle down to consumers in the form of lower energy bills.Even without these numbers, the business case for investing in alternative energy in Hawaii is compelling. The Hawaiian archipelago relies on imported oil for nearly 90 percent of its energy needs, making it one of the most expensive places in the nation to buy gasoline and pay for electricity and heat…

 

Who are these guys? Maui Land and Pineapple, Steve Case and venture capitalist Vinod Khosla.

Since then, these founding partners and Maui Land and Pineapple have invested nearly $1 million in cash and put a number of full-time employees to work running the business. They expect other investors to help raise an additional $50 million to $80 million to get the operation off the ground.

We wish them good luck.