bosley
- 20 Feb 2004 09:34
BKK2
- 01 Jun 2006 08:30
- 17065 of 27111
Hope this is another possitive sign re the way Wal Mart are heading
LONDON (AFX) - Wal-Mart Stores Inc may offer ethanol made from corn at its
383 U.S. gas stations, a company spokesman said Wednesday.
Wal-Mart stressed it is not ready yet to make any announcements, but corn
growers said Wal-Mart's entry into a market now mainly made up of scattered
independent gas stations would be a significant boost to a budding new fuel
industry.
Ethanol made from U.S.-grown corn has become a hot topic this year as
Congress, the Bush administration and American drivers look for alternative
fuels to reduce dependence on foreign oil, keep fuel prices down and curb
emissions blamed for global warming.
The world's largest retailer brought together a group of industry,
government and academic experts on alternative fuels in Washington last week to
discuss how Wal-Mart could develop a network for supplying gas stations at its
stores and Sam's Clubs with E-85 fuel.
E-85 is a blend of 85 percent ethanol and 15 percent gasoline.
"We are considering E-85, absolutely," Wal-Mart spokesman Kevin Gardner
said.
"We are looking to continue to work with and identify strategic partners in
the business community to further our efforts in the alternative fuels arena.
That said, there are a lot of things we are looking at and considering and we
just don't have anything to announce right now," Gardner said.
Representatives from the fuel industry, Wal-Mart suppliers and government
and nongovernment experts attended the meeting.
The National Corn Growers Association was one of those attending, and its
chief executive, Rock Tolman, said a decision by Wal-Mart to offer E-85 would
help solve one of the emerging industry's problems: not enough availability for
consumers.
More than 5 million vehicles on the road can run on the blend and car
manufacturers say they are making more models that can use it. Yet the fuel is
sold by just over 600 retailers across the nation, mainly independents rather
than chains.
Tolman said the move would also increase competitive pressure on national
chains to carry E-85.
"It would be one more significant, very big step in this whole transition
toward biofuels," Tolman said.
Wal-Mart owns and operates gas stations at 375 of its nearly 570 Sam's Club
locations and another eight on the grounds of Wal-Mart stores. Outside companies
operate gas stations at more than 1,000 Wal-Marts nationally, but Wal-Mart
cannot dictate whether they offer E-85, Gardner said.
newsdesk@afxnews.com
jsa
Sharesure
- 01 Jun 2006 08:44
- 17066 of 27111
Greekman, No objections at all. I have aso put it on AdVFN which seems to have attracted the usual low life to comment on 'yet more trials'. What do they expect - no cpmpany ever buys a new product without satisfying itself that it does what they want!
Sharesure
- 01 Jun 2006 08:45
- 17067 of 27111
Oblomov - nice one. Judging by the zero sp reaction maybe you are near the truth! Hope not.
explosive
- 01 Jun 2006 09:45
- 17068 of 27111
BKK2 - Yep great for Wal-Mart but doesn't involve SEO in any shape of form.
greekman
- 01 Jun 2006 10:21
- 17069 of 27111
Sharesure,
Thanks for that.
Cheers Greekman
BKK2
- 01 Jun 2006 10:36
- 17070 of 27111
Apriciate that explosive,BUT I feel its an indication of Wal Marts thinking which i think is GREEN
peter
oblomov
- 01 Jun 2006 10:53
- 17071 of 27111
BK, I made a similar post last month which I'll repeat again because it gives a great insight to where WM are heading - link below to An interview with Wal-Mart CEO H. Lee Scott in April:-
http://www.grist.org/news/maindish/2006/04/12/griscom-little/
lindos
- 01 Jun 2006 11:01
- 17072 of 27111
All this talk on ethanol - has any body looked at GTL
seems good value at the moment
Lindos
oblomov
- 01 Jun 2006 11:07
- 17073 of 27111
In an idle moment and trying to cheer myself up Re SEO I thought I'd look at what a deal with McDonalds with Wrap 100 could mean to the SP.
All fag packet calcs so would appreciate any input if anyone has actual cost figures etc to make it more accurate.
According to
http://en.wikipedia.org/wiki/McDonalds
McDonalds serve nearly 50 million customers each day
Say, 10 million buy a product which uses Wrap 100. Assuming SEO get 1 for
every 1000 products( 0.0010p each) , this equates to 10,000 per day or 3.65 million per annum.
Around enough to justify the current SP on its own?
Of course, 10 million per day could be 20 million, or 1 million - just guessing. The 0.0010p is based on nothing factual but seems possible without being overly optimistic. And, of course, we were all working out a year ago what 200, 300 or even 3000 GS conversions would do to the SP and we all know where we are with that one!
And also of course, SEO may only get 1 per
10,000 products.
And also also of course, the burger firm could be the one in my post above, in which case substitute the 50 million customers with 5 or 6!
Any other thoughts on this?
ssanebs
- 01 Jun 2006 11:56
- 17074 of 27111
news out friday accompanied with a private placing at 7.5p. probably first gs machine commercialised.
lindos
- 01 Jun 2006 12:11
- 17075 of 27111
ssanebs
will the market view this positively in your opinion?
thanks
lindos
Taylorc
- 01 Jun 2006 12:47
- 17076 of 27111
A lot of people who post on here can not be serious investors. If you are not happy with th company then why not get out. Do you people really think that large companies are going to sign large contracts without being 100% sure that the product is right for them, hence trials. It is so easy to judge, because you guys are not out there trying hard to sell the product. I am sure SEO are just as frustrated with the time. I work in testing, and would not expect a prodcut to go in to a live environment without any teething problems. As long as the problems can be rectified then the sales will come. This small company have gone out and got its product in front of some of the big boys, and if the trials are successful then the contracts will follow. With all investments there is an element of risk, but slagging a company off is just pathetic, and just proves that grown people can be so childish. Any one who bought these shares or any shares for that matter will have done so because they believed it to be a good investment, so the idiots on this board who make comments about the company should get a life is all I can say. This Board has gone to the dogs, although I do notice that there are still some sensible comments get through.
garyble
- 01 Jun 2006 12:51
- 17077 of 27111
I would guess the market would certainly view it as a negative. The market expected the first commercial GS unit almost a year ago.
Good news in any event IMO.
PS: Which Friday??
garyble
- 01 Jun 2006 12:57
- 17078 of 27111
Taylorc,
Glad you got that off your chest. The tone of this bb is very reasonable. I beliee your comments certainly reflect the thoughts of most here.
I have said vaguely similar on another BB.
BKK2
- 01 Jun 2006 12:57
- 17079 of 27111
Thanks Oblo
An interesting read indeed.
peter
hugybear
- 01 Jun 2006 13:12
- 17080 of 27111
garyble
- 01 Jun 2006 13:36
- 17081 of 27111
Oh dear....guess who!!
oblomov
- 01 Jun 2006 13:38
- 17082 of 27111
Taylorc,
Agree with you entirely, as I'm sure do most of the holders here.
bosley
- 01 Jun 2006 15:09
- 17083 of 27111
taylorc, although i agree with your reasoning i do find it a bit rich when people who make little or no contribution to a bb complain about it going to the dogs.
ps, big thanks to hugybear for rasing the tone with his thought provoking analysis of seo :)))