In my post of September 1^st, Car dealer runs moonshine?, I noted that locally owned Pearson Fuels was teamed with AE Biofuels of Cupertino to build and supply 55 public E85 ethanol-fueling stations across California over the next 42 months backed by a $6.9 million Federal grant.  The State of California has upped the ante with an additional award of $4.0 million. 

The Pearson Fuels’ business model can be explained in a dozen words.  A massive government mandate flows through the pipes.  Spigot owners win.  The Renewable Fuel Standard mandates a blending of transportation fuels from renewable sources increasing annually to a target of 36 billion gallons in 2022.  California could account for 20% of the mandated amount.  Obviously, renewable fuels represent a longer list (more…)