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Sounds a little far-fetched -- but it's true. You see the EU is in desperate need of a substitute for common gasoline for its cars and diesel for the huge trucks. Given the shaky security of oil supply, it's no surprise that engineers are taking some unusual approaches in trying to find a replacement for fossil-based fuels.
So, a biofuel, such as the wine-based fuel developed by New Industrial Energy Company No. 3, is a perfectly viable choice. Right now, biofuels are the only available large-scale substitute for petroleum and diesel in the transportation sector.
The European Commission has established legally binding minimum targets for renewable energy in its new Energy Road Map. The target is set at 20 per cent of overall consumption of petroleum and diesel by 2020.
This means turning that nasty old bottle of wine left over from your last dinner party and dumping it into your fuel tank might not be a bad idea after all.
In fact, one company is doing just that... making biofuel from unsold wine or grapes not good enough for making wine... and making a ton of money for its investors.
This plant will also make ethanol from corn -- a first in Europe. Currently, the EU consumes more than 360 million gallons a year of ethanol. It's small potatoes compared to what we consume in the U.S., and about 0.2 per cent of what we use.
But the future is bright for ethanol in the EU. Its current consumption represents only 3 per cent of total fuel consumption. In order to reach the legally binding 20 per cent minimum by 2020, consumption of ethanol would need to ramp up to 2.4 billion gallons a year -- an increase of 670 per cent.
Company No. 3 is well positioned to get its share of this increase. New plants are already being constructed at a rapid pace.
It currently has two plants operating with a total production capacity of 85 million gallons a year. A third plant nearing completion will add 53 million gallons of capacity.
In an effort to firmly secure its position in the marketplace, two new plants are on the docket. The corn-based plant, which also uses wine as a feedstock, is being built in Southern France. It will be coming on stream later this year.
Needless to say, this company is a dominant player in the biofuels industry in the EU. It has captured 31 per cent of all EU biofuel production from its competitors... and is scrambling to get even more.
In my new Investment Research Report, I give you all the details on why you should purchase shares of this company today. For example, you'll learn that this new industrial energy company has grown 242 per cent over the past two years.
But what's even more exciting, is that you could see a gain of 79 per cent by April 2008 -- if you purchase your shares very soon.
By Arrangement with Taipan Financial News
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