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More Information on the Energy Independence & Security Act of 2007:

 

    Energy Act Full Text

 

 

   
 

 

 

 

 

About Us

Powers Energy of America, Inc. (Powers Energy) is headquartered in Evansville, Indiana, and was established to produce advanced biofuel and green power from America’s waste and other carbon materials.  Our facilities can convert materials such as municipal solid waste (MSW), wood waste, yard waste, agricultural waste, tires, and other non-food feedstocks into bioethanol and electricity.  Powers Energy was established as a national firm to market, develop, construct, and operate bioenergy facilities throughout the United States. 

Our facilities provide high-paying new jobs and can help reduce America's dependence on imported oil.  We provide tremendous monetary and environmental benefits to the community and residents.  Each facility employs over 100 full-time workers and several hundred trades people during construction.  Our "good neighbor" policy translates into a well designed, environmentally safe facility that blends in with surrounding land uses without affecting the environment.  We actively seek community participation and will not construct in an area without prior community acceptance of our facility.

Powers Energy is committed to environmental excellence which is clearly demonstrated by our ability to reuse and recycle waste materials and to reduce greenhouse gases and our nation’s “carbon footprint.”  We use commercial gasification equipment and proven processes to convert your waste into green energy resources.  We focus on using municipal solid waste as the primary feedstock for bioethanol production because of the substantial environmental benefits.  Gasification has been demonstrated to be the most efficient process for converting waste into other forms of energy, such as ethanol and electricity.

We can deploy our facilities where the waste is generated to help communities permanently solve long-term waste disposal concerns.  Our facilities operate in harmony with landfills to extend their life.  We can reduce the volume of waste being disposed by over 90%, effectively extending landfill life by 1,000%!

Our facilities will provide many benefits to you:

 

Ø   Reduced dependence on foreign oil

Ø   Reduced American trade deficits

Ø   Creation of new jobs (over 100 for one typical plant)

Ø   Creation of supporting industry jobs

Ø   Host fees paid to hosting municipalities

Ø   Increased local property tax base and revenue

Ø   Increased state and federal income tax base and revenue

Ø   Capital investment in local economies

Ø   Creation of over 300 jobs during plant construction

Ø   Reduced greenhouse gas emissions by using bioethanol fuel blends

Ø   Reduced greenhouse gases by eliminating methane production in landfills

Ø   Reduced soil and groundwater contamination by diverting MSW from landfills

Ø   Extended landfill life by a factor of 10

Ø   Reduced waste disposal costs, and transportation costs in many cases

Ø   Conversion of American waste materials into green energy

As a result of rising oil imports and costs, and our growing national trade deficit and debt, Congress passed the Energy Policy Act of 2005 (EP Act 2005, P.L. 110-58).  This Act established the first-ever Renewable Fuels Standard (RFS) in federal law, requiring increasing volumes of ethanol and biodiesel to be blended with the U.S. fuel supply between 2006 and 2012.  The Energy Independence and Security Act of 2007 (P.L. 110-140, H.R. 6) amended and increased the RFS, requiring 9 billion gallons of renewable fuel use in 2008, stepping up to 36 billion gallons by 2022.  Under the modified RFS, corn-based ethanol (conventional biofuel) is capped at 15 billion gallons by 2015, while 21 of the 36 billion gallons in 2022 must be derived from advanced biofuel such as cellulosic and non-corn-based ethanol.  These mandates provide the incentives for Powers Energy of America to establish a strong presence in the emerging advanced biofuel industry.  The American Recovery and Reinvestment Act of 2009 provides additional federal support for the renewable fuels industry.

Ethanol comprised over 6% of the gasoline market in 2008, and the ethanol volume produced in America has grown by 25% per year since 2003.  The ethanol industry is one of the few growth industries in our country today.  Powers Energy is poised to help increase ethanol production in the next decade to help meet the required industry growth.

 

 

 

 

 

 

 

 

 

Historic and mandated ethanol production - billion gal/yr

Our development drive couldn’t come at a better time.  Our production facilities will help restore America’s industrial base while reducing the amount of oil we need to drive our society.  New industries can help our nation recover from the economic crises that is confronting us.  By reducing oil needs, we can help reduce the exodus of American wealth that is partially responsible for our financial dilemma and play an important role in slowing climate change.