TUMBLR Community!!! I NEED YOUR HELP for an Environmentally sustainable business project..
Please read my New Product description below…
Any feedback would be greatly appreciated
Hello, my name is Michael and I am working on a project for my Entrepreneurship and Creativity class at Florida Gulf Coast University. I am looking at introducing an exciting and new product, and I wonder if I could ask for a few minutes of your time to get your reactions to it.
The end product would be an environmentally neutral and renewable fuel source, which is derived from the micro-organism, Algae. Scientific research has proved, that photo-bioreactors can self-sufficiently produce this algae that contains more than 50% lipid oil in under 24 hours per batch which than can be transformed through a transesterification process to yield a substitute fuel such as bio-diesel or an equivalent to gasoline. I am writing to you to see what your think about this product coming to the market place.
Some laboratories around the country are currently tweaking the process to be able to produce this fuel on a large commercial scale operation. Many scientists project that this process one day can yield a gallon of fuel for a cost of $1.30 per gallon once commercialized. However at this point in time and without economies of scale, small local companies can produce this fuel for 3.50$ to $4.00. Not only would we be promoting domestic production but we would also limit our nation’s dependence on foreign
My questions for your wonderful company are as follows:
What is your reaction to the completely renewable fuel source?
Would you be willing to spend more for a completely renewable green product and if so, what would be your willingness to pay price point?