John Kerans

Clearing Confusion About Nova Biosource Fuels

Hey Jim --

Wow! That's a thorough report. Have been tracking NBF for six months, and think it's time to buy--so appreciate your backgrounder.

Seems to me that the point-of-difference .. the competitive advantage .. is the feedstock issue.

Diesel production .. the NBF way .. has no effect on food supply, and thus sidesteps the ethanol v. food debate entirely, which bodes well for favorable treatment from the federal government.

Is it possible that NBF might also garner "tip fees' from garbage haulers who would otherwise dump into landfills?

And is there a carbon credit or emission reduction factor mixed in here somewhere that could supplement the revenue stream?

It would be good to know.

Thanks again. I am ready to go long.

John Kerans
Lecturer, Marketing
Fontbonne University
St. Louis, Mo USA