Something is brewing with the oil-rich nation of Bahrain and alternative fuels.
This story posted on Grainnet.com says the CEO of Chicago-based Consolidated Biofuels has been invited to a private reception at the Bahrain Embassy in Washington, DC tomorrow (June 20th). Daniel Honeycutt’s visit to the embassy comes after his late-May trip to the Middle Eastern kingdom:
This invitation follows closely after a positive visit to Bahrain during which Honeycutt, and Marty Johnson of International Bio Fuels, were asked to speak and co-present by invitation at the Global CleanTech 2007 conference that was held in Manama, Bahrain, the capital city, May 29-31.
During the conference, Honeycutt was substantially quoted in the Bahrain Tribune, after a personal interview conducted by Ms. Siriwattasit of the Tribune.
From that interview, Honeycutt was partially quoted as saying, “Bahrain possesses more than $300 billion worth of equity in the financial sector alone, over 30 per cent of which represent idle funds that could be used to capitalize on increasing opportunities to incubate its nascent alternative energy industry into a multi-billion dollar market within the next 10 years.”
Honeycutt says Bahrain’s sophistication in the energy investment sector might position it well going into the alternative fuel market.