| 1. What are the two key mistakes beginners make in
reading trends? 2. Which "key" chart pattern reveals a top or bottom is near? 3. What are the most reliable chart patterns? Answer these questions and more with your FREE 10 day trading course |
Greenhunter Energy (Amex: GRH) Assesses Damage To Houston Plant From Ike
Greenhunter Energy has completed an initial assessment of the damage Hurricane Ike caused to its Renewable Fuels Campus in Houston, Texas. Greenhunter’s Renewable Fuels Campus is home to their 105-MMGY biodiesel refinery, the largest in the country. Ike knocked out power and caused extensive flooding in the Houston area, and the campus sustained the following damage:
- Damages to offices at the facility
- Damage to piping between some of the reagent tanks
- Foundations for some small and intermediate-sized tanks
- 2 large storage tanks, one holding methanol and one holding canola oil. Some canola oil was released into the environment in the floods.
Right now, the facility is expected to remain shut down for the next 6-8 weeks. Commenting on the damage, Bruce Baughman, Senior Vice President of Technology and Engineering, said, "Given the sheer volume of water and the extreme flood levels that we faced, our initial assessment is that we sustained overall minor to moderate impact to the Renewable Fuels Campus from Hurricane Ike.”
An alternate way to make money off energy. Click here for your free report.
If you enjoyed this post, please consider to leave a comment or subscribe to the feed and get future articles delivered to your feed reader.
No comments yet.
Leave a comment