A company in Washington, D.C. opened a new a $5 million plant this morning that it says will annually convert 6,000 tons of plastic into nearly a million barrels of something resembling oil. The product can be blended with other components and sold as gasoline or diesel. Their proprietary process uses infrared energy converting one to the other for about $10 a barrel, he said.
Montgomery County, just north of Washington, is giving the Envion company a free supply of plastic and a spot at its waste transfer station.
Cows producing electrical power? On six farms in Vermont, cow manure is
used to produce methane, which in turn runs engines that generate
power. Vermonters are even willing to pay a premium to use this home
grown, total green electricity.
More countries than ever are slashing red tape around starting new businesses, according to the World Bank’s Doing Business Report, which tracks how easy or hard it is to start businesses around the world. The report, released yesterday shows that things are lightening up for entrepreneurs.
"Government reforms aimed at making it easier to start a company are up 20 percent this year -- with poor countries taking the lead."
Lots of good news on the economy this week: Contracts on home sales have risen for the sixth straight month. NPR reports, "The pace is 12% above this time last year. If those sales generate
additional spending on furniture, paint, appliances and other
home-related goods, then the ripple effects could spread."
Also this morning, an index of the manufacturing sector's health rose to 52.9% in August
from 48.9% in July. "The year-and-a-half decline in manufacturing
output has come to an end, as 11 of 18 manufacturing industries are
reporting growth when comparing August to July," said the survey's committee.
AP reports: "Two alternative energy companies planning to buy a closed Ford Motor Company factory near Detroit want to convert it into the country's largest renewable energy park, with at least 2,800 workers building storage batteries, solar panels, and possibly wind turbines.
Xtreme and Clairvoyant officials said they like the Wixom factory because it has a rail line, a big electricity grid, large buildings, and is close to a major interstate, making it easier to bring in supplies and ship out products."