Are we ready for alternative fuels yet?

Hmmm, it's more of this...

Or this.

It’s Day 55 of the BP oil spill, an environmental disaster of epic proportions, with up to 2 million gallons of oil a day gushing out into the lovely, fragile Gulf of Mexico. Anybody up for pursuing an alternative fuel that can be produced cheaply, abundantly, and won’t explode in our faces?

Pongamia oil -- the good stuff!

Introducing TerViva, a new biodiesel fuel company offering technology that is tree-based, ultra-low cost, and environmentally sound. Using an elite strain of the non-edible Pongamia tree, which flourishes in marginal soil, dry conditions and poorly fertilized soil, TerViva harvests the Pongamia seeds, extracts the oil, and uses existing refining capacity to produce a biofuel that is then blended with petroleum (like ethanol).

The Pongamia seed pods holding biodiesel gold.

What makes the TerViva concept so brilliant (it just won the West Coast Village Capital Social Venture award of $100,000) is all the biodiesel traps it avoids. First-generation biofuels were made from edible crops like corn and soy that were produced on valuable land, competed with the food supply, and used tons of water. TerViva is a low-tech, energy farming model that is all about trees that can be grown on dry ranchland, sequester millions of tons of carbon dioxide, and improve biodiversity through reforestation. Most important, TerViva can produce 1,000 gallons of input oil per acre at less than $1/gallon, far below the cost of other biodiesel oils or petroleum.

Naveen Sikka in the field of dreams.

TerViva is also blessed with a team that has the business, political and entrepreneurial chops to make the venture fly. Management includes Joe Andrew, the  former National Chairman of the Democratic National Committee; Naveen Sikka, an MBA from UC Berkeley, and Maggie Kavalaris, a venture lawyer with 25 years’ experience in Silicon Valley.

The hot, dry, unfertile land where Pongamia trees thrive.

Heavy hitters all, they’re swinging for the fence on this one– the first trees from Australia will be planted on 30-50 acres in South Texas this summer, with a 10-year goal to establish 150 million trees on one million acres of marginal land, producing one billion gallons of oil annually.

AP Photo by Charlie Riedel

Now, nobody is claiming that TerViva will be a miracle overnight cure for our masochistic reliance on petroleum. But it is a big idea that is smart, sustainable, scalable and financially viable. And for every gallon of petroleum we stop requiring from deep drilling offshore, I figure another pelican, dolphin and sea turtle get to live. Works for me.

One of these is mine!

Though you can’t contribute to TerViva quite yet, Naveen is going to use my $100 to plant a super big, healthy Pongamia tree, and put my name on it. That tree will produce 450 gallons of oil in its lifetime – enough to run a car for two years. Biodiesel immortality.. I love it!!

5 thoughts on “Are we ready for alternative fuels yet?

  1. Thanks for telling us about this Betty. So good to know that they’re researching a biofuel that grows where nothing else can grow, and its not a food crop!

  2. well, go big or go home — glad to hear they’re planting so many trees!

    I’m in favour of engagement, btw, that is, that good people need to stay close to companies like BP (not that it’s not full of good people, just people under pressure)… we need to keep producing oil until viable, large-scale, sustainable alternatives for ALL our needs are online… let’s not make the mistake of putting one company out of business… another will come along

    book:
    http://www.WeAreTheNewRadicals.com/news

    HuffingtonPost weekly column: http://www.huffingtonpost.com/julia-moulden/

  3. Hi Betty.
    Interesting that you should chose tol post on this topic today.This morning before reading your post, I was considering strategies for disinvesting (selling) most of the holdings I recently inherited in dirty (conventional) energy assets and reinvesting them in renewable energy companies and those that help various companies become more environmentally compatible. I’ll be glad to give you and you readers some names to research for your selves if you want. In addition, I plan to take what I have in Newfields Exploration (a company involved with BP in the spill according to early press reports and give it directly to bird/wetlands/etc. cleaning efforts. I look forward to seeing what develops in investment and or giving opportunities around Terviva.
    Vaya Con Dios
    John Shippee

    • Additional note (and thought for others who may be inspired to take similar action) I plan to hold on to a very few shares in each company in as a basis for participation in possible shareholder actions.
      JS

  4. Can this be the same tree also known as jatropha? Or physic nut? A number of companies are getting interested in in, and yes, the great ting about it is the fact that it won’t take away land that could be used for food crops.
    I am hoping to interest a peasant union in Senegal to think about planting these trees on roadsides or around fields (they are already doing a lot of reforestation in their area of the sub-Sahara.) I also read about a community in Mali that are already planting this tree and using the oil to power a village generator. No cost energy!

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s