by Charles Bensinger Vice President

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A New Generation of Biofuels for New Mexico
WORKFORCE TRAINING FOR THE GREEN ECONOMY Santa Fe
Community CollegeJune 25, 2008

• by Charles BensingerVice President
• EDDORADO BIOFUELS LLC

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Common Biofuels Myths

• Myth 1 We have to choose between biofuels and
  food. Its Food vs. Fuel.
• Fact A recent USDA analysis concluded
• given an anticipated 40 increase in world
  food prices, increased demand for biofuels
  feedstocks is responsible for only 3 of that
  increase.

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Myth 2 Corn diverted to make ethanol is
depriving people of critical food products. Fact
Most U.S. corn is grown for animal feed. Ethanol
is produced from field corn, not sweet corn.
Field corn is indigestible to humans in its raw
form. Fact 87 of U.S. corn is fed to animals.
1.5 is used for cereals. Human uses account for
about 10 of US corn use.
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• Fact Alcohol is not protein.
• When field corn is processed for ethanol, only
  the starch portion is used to make the alcohol.
  The fat, protein, vitamins, minerals and other
  vital nutrients are passed along to the animal
  feed co-product known as Distillers Grains.

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The U.S. Food Dollar

• Food input is 19 labor is 38
  Marketing is 43

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Real Causes of Food Crisis

• Hedge fund commodities speculation on grains
  resulting from Australian drought
• Hedge fund speculation on crude oil, forcing
  crude oil prices to escalate
• Bad weather and weak dollar
• 200 million more meat eaters in Asia
• Increases in labor costs
• Increased biofuel feedstock production

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• If you have to single out the greatest
  contributor to higher prices, it is ENERGY. Fuel
  contributes cost to food at every step growing ,
  production, packaging and shipping --
  Ed Maxiner, editor of the Kiplinger Agricultural
  Journal

Oil industry insiders recently noted that
commodity speculation likely accounts for 25 to
50 of the price of fuel. Thats 1 to 2 per
gallon.
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The Food AND Fuel Crisis

• Both food and fuel are critical components of
  survival. Both must be affordable and accessible
  to all. Really, we are now confronting a Food
  AND Fuel Crisis.
• We need to regulate financial commodities
  speculation and immediately begin to develop
  local food and fuel production.

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The Benefits of Biofuels

• U.S. ethanol production has reduced foreign oil
  imports by 140,000 barrels/day, representing a
  savings to American motorists of 6.6 billion a
  year.
• Merrill Lynch, financial analysts, concluded that
  ethanol is helping to keep gasoline prices 15 to
  27 lower than they otherwise would be.

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Benefits of Biofuel Production in New Mexico

• New job creation
• Pride in developing new advances in use of
  unconventional feedstocks
• Greater fuel self-sufficiency
• Lower fuel costs
• Bolstering of rural economies
• Conversion of waste materials to value- added
  products

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Potential NM Biofuel Feedstocks

• Sweet Sorghum 500 1,000 gals/acre
• Wild cattails 1,075 gals/acre
• Sugar beets 400 -770 gals/acre
• Buffalo Gourd 900 gals/acre
• Jerusalem artichokes 550 -750 gals/acre
• Algae 5,000 30,000 gals/acre
• For comparison corn is 200-400 gals/acre soy
  is 60 gals/acre

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Regional Algae to Biofuel Projects

• New Mexico Center for Excellence in Carlsbad uses
  open pond system

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Valcent Vertigro SystemEl Paso, TX

• Valcent Vertigro algae vertical bag greenhouse
  growing system
• Claims potential of 30,000 gals of biodiesel/acre

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Colorado State University Algae Bioreactor
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VM Technology, Santa Fe
Algae Production Field
Bioreactor
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Eldorado Biofuels, Santa Fe

• Research and Development project underway in
  Santa Fe with intention to
• Develop low-cost, high efficiency conversion
  process of algae to biodiesel and algae to
  ethanol
• Design and develop commercial algae to biofuels
  production centers
• Create training programs for operators

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Eldorado Biofuels RD Center
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Alcohol Fermenter Distiller
Algae Production in Lab
Eldorado Biofuels LLC
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Biofuels in Santa Fe

• Biofuels Pumps in Santa Fe
• Installed and Operated by Renewable Energy
  Partners of New Mexico

Horsemans Haven
Baca Street
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Nambe Falls Travel Center Biofuels Station
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E85 Converter
Installed in Subaru Impreza
Order from www.whitelightning.net
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Typical Biodiesel Users in Santa Fe

• Federal Express Co.
• City of Santa Fe
• Santa Fe Southern Railroad
• PNM
• Pueblo school buses
• Wide range of diesel vehicles

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The RailRunnerFirst US Commuter Train running on
Biodiesel B20
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Cellulosic Conversion to Ethanol
MSW
Natural Gas
Electricity
MRF
Gasifier
AlcoholSynthesizer
Wood Chips
Ethanol
Fertilizer Processor
Markets
Feedlot Manure
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• Pyrolytic Reforming Gasifier
• Wide Range of Applications
• Municipal Solid Waste (MSW)
• Forest and Wood Waste
• Agricultural Waste(Pecan Shells, Rice Hulls,
  Wheat Straw, Bagasse, etc.)
• Animal Waste (Hog and Cow Manure, Offal, etc.)
• Biosolids
• Coal and Coal Shale
• Plastics
• Carbonaceous or Petro Chemicals
• Waste Streams can be mixed

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Whats Needed to make New Mexico a National
Center for New Generation Biofuels Production?

• Basic biochemical biofuels research by NM
  Universities and National Labs
• Programs established at SFCC to train skilled
  operators for employment at future biofuels
  facilities
• Non-conventional feedstock field research
  undertaken by state colleges and state
  agricultural agencies
• Financial and business assistance for
  entrepreneurs

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Contact Info for Eldorado Biofuels

• Charles Bensinger, Vice President, 505-466-4259
• Paul Laur, President, 505-670-8490