GA biomass bubble bursts

Dan Chapman writes in the AJC:
The premise, and the promise, were brilliant in their simplicity: Turn tree waste into fuel, help break the Middle Eastern choke hold on America’s economy and bring hundreds of jobs to rural Georgia.

What wasn’t there to like?

Plenty, starting with the closing last month of the Range Fuels cellulosic ethanol factory that promised to help make Georgia a national leader in alternative energy production. Then there’s the money — more than $162 million in local, state and federal grants, loans and other subsidies committed to the venture.

Hm, who was involved in that?
“Range Fuels represents a new future for our country,” proclaimed then-Gov. Sonny Perdue, flanked by dignitaries and beauty queens. “With Georgia’s vast, sustainable and renewable forests, we will lead the nation.”
That reminds me of this press release from 15 Sep 2009:
“Georgia’s status as the nation’s Bioenergy Corridor continues to grow with the location of a renewable energy power plant in Valdosta,” said Governor Perdue. “Our vast supply of biomass, technology innovations and business-friendly environment are very attractive to companies such as Wiregrass Power.”
Will history repeat itself?

-jsq