MILITARY SIGNS CONTRACT FOR GREEN JET FUEL THAT’S NEARLY 16 TIMES THE PRICE OF CONVENTIONAL FUEL
May. 3, 2013 11:08am Liz Klimas
With many claiming to feel the pangs of the sequestration, it appears a green company’s contract for a more expensive jet fuel was allowed to go through.
The renewable chemical and biofuel company Gevo in its first quarter investor relations report stated that it signed a contract with the Defense Logistics Agency to supply 3,650 gallons of renewable jet fuel.
The order, worth $215,350 total ($59/gallon), is set to be delivered by 2013′s second quarter and has the option to be increased to 12,500 gallons, which would cost up to $737,500.
Gevo calls this an “initial testing phase.”
Under other contracts, the company already supplies renewable jet fuel for the U.S. Air Force and U.S. Navy.
As the Washington Examiner pointed out, DLA set conventional JP-8 jet fuel as costing $3.78 per gallon at FY 2013 rates.
In other renewable jet fuel news, the Wisconsin-based company Virent Inc. delivered 100 gallons of bio-fuel this week to the U.S. Air Force Research Laboratory at Wright-Patterson Air Force Base in Ohio.
They all lie. The Republicans are no better than the Democrats. The sequester did not “cut” spending…it just stopped the government from spending “more” than last year. The only difference between the GOP and the Democrats is that the GOP thinks it can manage big government better than their counterparts.