Wisconsin's biggest ethanol plant to reorganize

The company that runs Wisconsin 's biggest ethanol plant has filed for bankruptcy reorganization. Full Story
Smaller is Better

Ruskin, FL

#1 Feb 3, 2009
Louisiana Enacts the Most Comprehensive Advanced Biofuel Legislation in the Nation

Governor Bobby Jindal has signed into law the Advanced Biofuel Industry Development Initiative, the most comprehensive and far-reaching state legislation in the nation enacted to develop a statewide advanced biofuel industry. Louisiana is the first state to enact alternative transportation fuel legislation that includes a variable blending pump pilot program and a hydrous ethanol pilot program.

Field-to-Pump
The legislature found that the proper development of an advanced biofuel industry in Louisiana requires implementation of the comprehensive “field-to-pump” strategy developed by Renergie, Inc.:

(1) Feedstock other than corn;
(2) Decentralized network of small advanced biofuel manufacturing facilities;
(3) Variable blending pumps in lieu of splash blending; and
(4) Hydrous ethanol.

Renergie looks forward to working closely with the Obama-Biden administration to:
(a) reduce U.S. dependency on imported oil;
(b) repeal the ethanol import tariff;
(c) maximize the environmental benefits of ethanol-blended transportation fuels; and
(d) create jobs in rural areas of the United States by growing ethanol demand, specifically hydrous ethanol demand, beyond the 10% blend market.

Please feel free to visit Renergie’s weblog ( renergie.wordpress.com ) for more information.
Paul Olsen

De Pere, WI

#2 Feb 3, 2009
Wisconsin Circuit Court Access (WCCA)

BNP Paribas vs. Olsen's Mill Inc.

Green Lake County Case Number 2009CV000025

Filing Date: 01-28-2009 Case Type: Civil Case Status: Open
Class Code Description Responsible Official
Other-Debt Action McMonigal, W. M.

Parties
Party Type Party Name Party Status
Plaintiff BNP Paribas
Defendant Olsen's Mill Inc.

Future Court Activity
Date Time Location Description Type 2 Court Official
02-12-2009 02:15 pm Crthse 492 Hill St Rm #305 Green Lake, WI 54941 Motion hearing Court McMonigal, W. M.

Party Details

BNP Paribas - Plaintiff

787 Seventh Ave, as agent, New York, NY 10019 01-28-2009
Party Attorney(s)
Attorney Name GAL Entered
Nixon, Timothy F No 01-28-2009

Olsen's Mill Inc.- Defendant

W2018 St Rd 21, Berlin, WI 54923 01-28-2009
Jefferson

De Pere, WI

#3 Feb 3, 2009
By Rick Romell of the Journal Sentinel Posted: Jan. 30, 2009
Renew Energy LLC, operator of a year-old ethanol plant in Jefferson, sought protection from creditors in U.S. Bankruptcy Court Friday. The company listed debts of $100 million to $500 million and assets in the same range. The largest unsecured creditor listed is Olsen's Mill Inc., which is owed $20 million, according to the filing.

Olsen's has ties to Renew Energy. Paul Olsen, whom Renew identified as its chairman.
Renew Energy filed for Chapter 11 bankruptcy, a procedure designed to shield troubled firms from creditors while they reorganize their financial affairs.

Meanwhile, in a separate action, a bank is trying to force Olsen's Mill Inc. into receivership, a state court proceeding similar to bankruptcy.

That case was filed Wednesday by BNP Paribas in Green Lake County.
Just The Facts

De Pere, WI

#4 Feb 3, 2009
Here is a small example of how everyone pays more for ethanol not less!

According to the motorist advocacy group AAA the nationwide average price of regular unleaded gas was $3.909 a gallon on July 31st, 2008. The price of E85 was $3.155 a gallon on average on July 31st, 2008.

"Ethanol is less efficient than gasoline. As a result, a car running on E85 would pay the equivalent of $4.151 per gallon as of July 31st, 2008 to get the same mileage as gas," the AAA survey stated.

Please pass this to your friends so that they know the true facts (NOT LIES) that if you put ethanol in your vehicle ... you will pay more not less! Call your state Senator and House Representitives to end subsidies to corn ethanol plants and to not pass further ethanol requirements upon a public that is sick and tired of paying more, not less, for every gallon of fuel that has ethanol in it.

The corn-based ethanol industry received $3 billion in tax credits in 2007 and over $4 billion in tax credits in 2008, more than four times the $690 million in credits available to companies trying to expand all other forms of renewable energy, including solar, wind and geothermal power. "With America facing an exploding federal deficit and the crisis of climate change," report author and EWG Midwest Vice President Craig Cox said, "it defies common sense to continue to lavish billions of tax dollars on corn-based ethanol, a fuel that has failed to fulfill its promises at every turn."

Corn-based ethanol production, spurred by federal subsidies and mandates, is polluting our nation's water, eroding our soil and plowing up precious wildlife habitat -- and worst of all is likely contributing to global warming," Cox said. "As the polluting ethanol industry gets fat at taxpayer expense, proven clean technologies such as solar, wind and geothermal are fighting for support. America needs a truly renewable energy portfolio, and the evidence is mounting that corn-based ethanol will not get us where we need to go."
Cow Farts

AOL

#5 Feb 3, 2009
Too bad the cheesehad state can't figure out a way to put hoses on the b-hinds of all of those cows they've got up there to harness the natural gases they produce. Of course, they could also try to do the same on some of the heffers {known as 'women-folk} up there in the dairy/utter-state.
Wide load heffers and cows in the dairy-state - six of one, half dozen of the other, big gas producers all - just harness 'em.
Olsens Mill Fraud Pegged

Green Bay, WI

#6 Feb 27, 2009
From: Paul Olsen
Sent: Friday, February 01, 2008 7:43 AM
Subject: State Sen. Olsen drops role in pushing alternative fuel mandate

Renewable fuels...
creates jobs $$$$
clean environment $$$$$
supports local economy $$$$$$$
keeps our dollars home $$$$$$$$$$
its the future $$$$$$$$$$
a flip flop senator who doesn't defend reality WORTHLESS !!!

This email certainly suggests that at least one co-owner (Paul Olsen) of the plant that would benefit from the ethanol mandate was highly interested in Luther Olsens involvement.

Within hours, Olsens chief of staff, Heather Smith sent out a lengthy email from her legislative account and copied to the more than 40 people who got the original email from Paul Olsen.) It includes some pointed comments for his brother:

They know that you (Paul Olsen) are the chink in Luther's armor.

Smith also explains:

But, and clearly you don't realize this, Luther's constituents heard this, and reacted. And not 3-4-5-10 people. We got dozens of calls and emails just yesterday alone. From constituents. Not from just people who hate ethanol, although there were a few of those. But from people who think that Luther is dirty. That he's deceitful. That you are. That he's pulling a fast one on everyone, so that you and he benefit. These are the people Luther asks permission from every few years to keep his job.

There were not a hundred calls, or ten, or EVEN ONE CALL from a constituent who wanted to tell Luther, "Heck yeah, vote for this, it's great!" We got a memo from a "special interest group" and the DNR, and heaven knows the DNR should always be listened to.(BUT PAUL OLSEN DOES NOT LISTEN TO THE DNR...THAT IS WHY HE HAS TWO FINES FOR $75,000 EACH OVER THE LAST TWO YEARS FOR AIR AND WATER POLLUTION VIOLATIONS)(AND A FELONY CONVICTION FROM THE FEDERAL GOVERNMENT)

"And YOU (Paul Olsen). Why you? Well, if one Olsen is a dirty sleaze whoring for the rest of the clan's money interests, then you all probably are just as scummy. And, then starts the looking into family business "problems" "legal troubles" "VIOLATIONS" "shady transactions" (OH MY PAUL OLSEN! HEATHER PEGGED YOU A YEAR AGO! AND SO DID BNP PARIBAS..NOW YOU HAD TO RESIGN OLSENS MILL IN A CLOUD OF BANK FRAUD AND BANKRUPTCY!)

From: Smith, Heather, Chief of Staff for State Senator Luther Olsen
Sent: Friday, February 01, 2008 12:44 PM
To: Paul Olsen; David Olsen
Olsens Mill Bankruptcy

Overland Park, KS

#7 Mar 3, 2009
http://www.thecountrytoday.com/story-news.asp...

The Wisconsin Ag Connection quoted Bankrupt and disgraced Olsen's Mill co-owner Paul Olsen as saying at least three other Wisconsin ethanol plants could close before March 1.

Hey Paul Olsen it's March 3rd, and you are the only Bankrupt and Incompetent Ethanol Plant in Wisconsin!

http://www.620wtmj.com/shows/charliesykes/152...
Olsens Mill Fraud

UK

#9 Mar 27, 2009
If ethanol made so much sense, we wouldn't have to subsidize it with tens of billions of dollars every year, or mandate its consumption with the government putting a gun to the American Taxpayer's head.

Only 5 to 6 billion gallons of ACTUAL ethanol is being produced this year, so stop trying to Inflate and Exaggerate the actual effect and real number that is subsidized by the American Taxpayer and its consumption Mandated with the government putting a gun to the American Taxpayer's head.

Listen to this whole video: Before spouting off about data and facts that you either do not understand; or chose to manipulate to subsidize your lifestyle at taxpayer expense:

&NR =1

Here is a correction you supporters need to start using:

12.5 billion gallons of capacity of the US ethanol industry as of 01/01/2009.

25% of capacity idled due to incompetence as billions of dollars a year in American Taxpayer subsidies isn't enough to support this scam on the American people as of 01/01/2009.

Thus only 9.4 billion gallons of capacity remains.

BUT, AND THIS IS VERY IMPORTANT TO YOU ETHANOL SCAMMERS:

We need to deduct AT LEAST 32% because of the reduced fuel mileage of ethanol compared to real gas.(but the 32% reflects e-85 and using 100% ethanol, as the 9.4 shows, would make it closer to 40%)

Thus, only 5 to 6 billion gallons of ACTUAL ethanol is being produced this year, so stop trying to Inflate and Exaggerate the actual effect and real number that is subsidized by the American Taxpayer and its consumption Mandated with the government putting a gun to the American Taxpayer's head.

http://www.fuelgaugereport.com/index.asp

http://www.ethanolrfa.org/industry/statistics...

And, lets be honest, The beginning number of 12.5 is probably whack information, as for example,

(1) bankrupt Renew Energy of Jefferson, Wisconsin claims to be the biofuels industry leader for innovation and efficiency...yet they are bankrupt. Whack

(2) bankrupt Renew Energy until this week claimed on their website and to their bank (owed $140 million with interest), The Town of Aztalan owed $38 million in taxpayer supported revenue bonds), investors, customers, venders, and even the government that they had the capacity of 130 million gallons per year.

BUT

in the court documents filed by bankrupt Renew Energy in federal court, Renew Energy UNDER OATH claims ONLY 110 million gallons of capacity per year:

http://www.thenorthwestern.com/assets/pdf/U01...

and

http://www.thenorthwestern.com/assets/pdf/U01...

What a sneaky little lie to obtain extra undeserved financing from not only its bank and taxpayer funded subsidies (revenue bonds). Sneaky too how Renew Energy took all reference to this "huge bolded lying statement of 130 million gallons" off its home page.

I am sure 20 million gallons of fake capacity a year adds fraudulently to the bottom line of the lying documents Renew Energy supplied to everyone in this clear example of yet another scam within the Ethanol Scam itself.

http://www.energytribune.com/articles.cfm...

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