Wednesday, July 27, 2005

Blue Ridge Biofuels

not to mention supporting a good cause!

You may have seen the Citizen-Times Article about the new biodiesel pump in Asheville.

It's located at the Gas-Up off of Haywood Road, and it's the only biodiesel pump between Tennessee and Raleigh. The biodiesel itself is created by Blue Ridge Biofuels, a member-owned cooperative in Asheville.

All of the biodiesel is created from local sources, so it supports the local economy and the environment. They're even offering ownership in the cooperative. Stock shares are $250 a piece and provide an annual dividend return. 5% of BRB's manual revenue has been subdivided into 200 shares with a starting value of $250 a share. Purchasing more shares provides a larger annual return. However, owning more shares does not allow an individual to control more of the business. This is a safe guard to guarantee that the ethical motivation of the business remains in line with the founding principles of BRB.

I just think it's a pretty sound investment, considering gas prices on the rise and more people being interested in alternative fuels, ESPECIALLY in Asheville. I might buy a share or two myself, and I thought I'd let you guys know in case you were curious. I can't promise whether you'd make money, but I sure bet you would!

Either way, if any of you have a diesel car, it will require no modification in order to run on biodiesel. You'll pay about 50 cents more per gallon than regular diesel right now, but biodiesel could end up being less expensive if "dino-diesel" keeps getting more so.

Blue Ridge Biofuels has a FAQ about their group and biofuels in general, if you have questions.


Edgy Mama said...

Thanks, George. I'll check it out.

Anonymous said...

wish i had a diesel car!

George said...

Me too!

My car gets about 38 mpg, but it's 38 mpg of gasoline. Ah, well. Diesels are supposed to be vastly improved in the next few years, so maybe by the time I get my next car, it can be a biodiesel fueled car with a hybrid electric engine that gets 200 mpg of biodiesel.

THAT would be awesome.