Transportion Biofuels
According to the Energy Information Agency, demand for transportation fuels will grow by 65% over the next two decades. Despite investing more than $100B in the last year, western companies are experiencing declining production of about 5% per year. The US currently imports over 65% of its petroleum needs with two-thirds of known reserves in volatile regions of the world. In order to spur transition towards renewable fuels, US Energy legislation enacted in 2005 and 2007 mandates the use of renewable transportation fuels and provides tax credits for fuel blended with renewables. Over 20 states have passed legislation requiring the use of renewable transportation fuels.
To meet the growing transportation fuel requirements, ThinkBox has established a bio-fuels production company under the brand name LiquidMaize, LLC. www.liquidmaize.com, to produce over 20M gallons of sustainable fuel ethanol. ThinkBox is also assessing ventures and establishing partners in:
- bio-diesel production
- enhanced oil recovery
- shale oil recovery
- bio-butanol
- bio-chemicals
- bio-plastics
Renewable Power
Renewable energy sources are derived from recently living organisms such as plants and include solar, wind, geothermal, and waste materials. The US consumes over 100 quadrillion Btus of energy. Renewable sources make up about 7% of that total. The Department of energy estimates that demand for electricity will grow 2% annually over the next decade. In addition major power producers are scrambling to meet state and federal mandates for power generation and waste disposal. ThinkBox provides:
- reliable supplies of renewable electricity from solar, wind, biomass, geothermal and waste
- distributed generation
- peak shaving
- modernized infrastructure
- renewable energy credits
- site selection