President Obama has spoken about the need to increase the production of sustainable energy here in the US and reducing our dependence on foreign oil. Although his ideals may be laudable he does not understand the infrastructure to make it happen. Congresses legislative push to make this happen has caused numerous problems around the world included massive food shortages and riots over food. Although it is technologically possible to retrofit automobiles to accommodate sustainable fuels such as biodiesel there are significant stumbling blocks to making it work seamlessly. Our entire infrastructure is based on petroleum distribution. The cars were designed to run on petroleum and the government created laws and rules that all but eliminated diesel for passenger cars in favor of gasoline. Going from petroleum diesel to bio-diesel is not a huge jump however going from gasoline to bio-diesel creates a technological and supply rift that must be overcome before it will be viable. Bio-diesel needs to be made from sustainable crops such as algae and stink-weed that do not affect the world food supply.
There are many who are lamenting about the economy and the end of American manufacturing — but John Fox of Innovation Fuels has taken the bear by the scruff of the neck and now produces up 950,000 barrels of biodiesel a year. They export over 80 percent of that to Europe because our automotive diesel industry dwindled due to a lack of understanding by congress who imposed legislation that favored gasoline over diesel.
Among alternative fuels, biodiesel is growing rapidly. Made from vegetable oils and animal fats the biodiesel is being blended with petroleum diesel fuel by Innovation Fuels into the finished product which is being sold to power diesel engines and to heat homes. The advantage of biodiesel over full petroleum diesel is that it produces 60 percent less greenhouse gases than diesel. Biodiesel provides a substantial reduction in exhaust emissions, carbon monoxide, particulate matter, unburned hydrocarbons and black smoke. It is safe to say then that using biodiesel helps to protect the environment and that is good for all our health. John Fox puts his money where his mouth is and drives a car that runs on biodiesel. He says there is no noticeable difference when driving this vehicle because biodiesel releases the same amount of power as petroleum diesel. It also provides the same lubricating function as petroleum diesel with low sulfur. Additional benefits of using biodiesel is that it is a renewable resource that can be produced here in the United States reducing our demand on imported oil and it is safer to transport than gasoline. This cheaper alternative can be used in any diesel engine or home heating oil burner. There are major technological hurdles required to change our infrastructure from petroleum based vehicles to electric vehicles including the development of a clean power grid. The research and development will depend on huge outlays of private funds and protection of the private intellectual property. The technological development of high mileage vehicles will make the US economically competitive for decades on the international marketplace. The US is on the threshold of a vital and transformative change and getting biodiesel and other sustainably powered vehicles into production and then on the road is the future of the American Auto Industry.
John Fox is President and Chief Executive Officer of Innovation Fuels. He has been building businesses and product offerings for the past 15 years, seven years of which have been in US energy industry. Mr. Fox started a renewable energy project development company, Homeland Energy Resources Development, Inc. in 2001, and subsequently its biodiesel division in 2005, which was merged into Innovation Fuels. He led Homeland Energy to an average 50 percent year-over-year revenue growth and managed a team that developed more than $5 million alternative fuel projects. Prior to founding Homeland Energy, Mr. Fox led the business development of a biogas technology company, the financing of an independent oil and gas company, and the product development of a Lucent Technologies company. Since 1991, Mr. Fox has served as General Partner at Renard Properties, a Mid-Atlantic real-estate development and management company. He holds a BA from Syracuse University and an MBA from Columbia Business School and is currently a member of the National Biodiesel Board, American Council on Renewable Energy, Environmental Business Association of New York State, and U.S. Green Building Council.
About Innovation Fuels:
As a leading biodiesel manufacturer, Innovation Fuels cares about making the world a better place to live today and tomorrow. But taking care of our customers is our number one business priority. Our goal is to help you choose biodiesel as a viable, sustainable, high-performance fuel. Let us put our extensive experience in the fuel industry to work for you.
Biodiesel is the fastest growing alternative fuel. It’s clean and non-toxic so it’s good for you. It’s high-quality and easy to integrate into your operation so it’s good for your business. And it’s biodegradable and renewable so it’s good for the world. Biodiesel contains no petroleum but it can be blended at any level with petroleum diesel and works in any diesel engine.
Innovation Fuels…Good for You, Good for Your Business, Good for the World.