“Food vs. Fuel” Controversy over Biofuels Charles V. Fishel, CEO Abundant Biofuels Corporation...

“Food vs. Fuel” Controversy over Biofuels

Charles V. Fishel, CEO

Abundant Biofuels CorporationSeptember 19, 2008

Topics

Food vs. Fuel Debate

Abundant Biofuels Corporation.

Food vs. Fuel Debate

Food vs. Fuel

Diversion of agricultural land

Deforestation

Water contamination

Increasing fuel costs stimulate poverty.

http://www.ipni.net/ppiweb/seasia.nsf/$webindex/8a9bfe4787b287eb4825701b000f8aba!OpenDocument&TableRow=1.1#1.

http://www.ipni.net/ppiweb/seasia.nsf/$webindex/8a9bfe4787b287eb4825701b000f8aba!OpenDocument&TableRow=1.1#1.

Diversion of Agricultural Land

Corn and other feedstocks are caught in a tug-of-war between ethanol plants and food in response to:

high price of oil,

cost in lives and dollars of ensuring a supply of petroleum imports, and

limits on climate-warming emissions of fossil fuels.

http://www.businessweek.com/magazine/content/07_06/b4020093.htm?chan=top+news_top+news+index_top+story

Diversion of Agricultural Land

USDA

Even if all U.S. corn were diverted into ethanol,

it would replace only about 12% of U.S. transportation fuel.

http://www.washingtonpost.com/wp-dyn/content/article/2007/12/11/AR2007121101834.html

Diversion of Agricultural Land

Eliminating gasoline entirely could require more than double today's 430 million acres of cropland

Bioenergy threatens to eclipse food, livestock feed, and all other uses "as the major driver of American agriculture.”

http://www.businessweek.com/magazine/content/07_06/b4020093.htm?chan=top+news_top+news+index_top+story

Increasing Fuel Costs Stimulate Poverty

Some farmers benefit from higher prices

But many poor countries are net grain importers

Poorest of poor spend >70% on food

About 1/3rd of sub-Saharan Africa is undernourished – living on less than $1/day

Proportion has barely changed since 1990s. http://www.washingtonpost.com/wp-dyn/content/article/2007/12/11/AR2007121101834.html

International Food Policy Research Institute

Deforestation

Demand for biofuels encourages deforestation in developing countries

U-Tube graphically illustrated clearing of Indonesian forests to increase palm oil production for biofuel.

http://www.washingtonpost.com/wp-dyn/content/article/2007/12/11/AR2007121101834.html

Indonesia ….

Energy Inputs / Outputs

Energy Input : Energy Output

0

5

10

15

20

25

Inputs Outputs

Energy Input : Energy Output

0

5

10

15

20

25

Inputs Outputs

20 times more Output than

energy input!!!

Jatropha Curcas

Today, Jatropha is the only non-food feedstock for biodiesel Grows in dry or poor soilsPest resistant.

Jatropha is an arid oilseed crop with a 30 – 35% oil contentBiodiesel Journal (May-June, 2007)

An inedible … fruit could be the best thing that has happened to … biofuels

The Produce News, 5/18/2007

Jatropha oil … burns cleaner than fossil fuels … [It] burns with 1/5th the

emissions of conventional fuel.Washington Times, 2/21/2007

Abundant Biofuels Corporation

Target Countries

Philippines

Dominican Republic

Colombia

Abundant Biofuels’ Operating Principles

Abundant Biofuels will not

Divert land from agricultural production

Engage in any deforestation

Will not use any water for irrigation.

Social Impacts

Abundant Biofuels will

Pay more than UN 2015 Anti-Poverty goals

Provide health care to all employees and their families

Share profits with indigenous peoples.

US Management Team

Rene Q. Lacsina James S. LoveCharles V. Fishel

Gary L. Toms Kevin C. Smith Don Harcum

Case Study: Philippines

Lumad1,250,000 acres

Government1,250,000 acres

Philippines – 2.5 million acres

Waste Oil / Grease

Social Impacts

When fully planted (2.5 million acres)

ABC will employ 450,000 employees

Not employed at present.

Carbon Sequestration

Acres

Carbon per tree 8 kg

Trees per acre 667

Tons of carbon per acre 5.32 metric tons

150,000 acres 798,000 metric tons

2.5 million acres 13,300,000 metric tons

Import Substitution

2.5 million acres

Import substitution = $2 Billion

Balut

Fertile egg;

Embryonic

chicken is ready to peck through shell

Balut

Considered an aphrodisiac

??????

Datu Libukasan

Any Questions?

For further information, contact:

Charles V. FishelAbundant Biofuels Corporation

98 Del Monte Ave., Suite 205Monterey, CA 93940

T: 831-224-8800F: 831-401-2340

cfishel@abundantbiodiesel.comwww.abundantbiodiesel.com