Biofuel Company Awarded Additional Contracts

December 18, 2003 [] The Idaho Falls, Idaho-based renewable energy company, Intrepid Technology and Resources, has received contract awards in the amount of US$147,000, which are in addition to the previously announced $680,000 from Bechtel Babcock Wilcox, Portage Environmental, Oak Ridge Associated Universities, and others. Intrepid Technology and Resources also reported that the company’s biogas development in south central Idaho could potentially be the largest component of the company’s revenue stream in the coming years, as billions of tons of waste are produced from food processing operations and animal feeding in the U.S. each year that could be converted into methane gas through anaerobic digestion. Intrepid Technology and Resources estimated the methane generation capacity of this waste could provide enough energy to equal the total annual US energy consumption.
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