Nebraska firm wants utilities to burn corn

NEBRASKA - A Nebraska company is trying to persuade utilities to try burning its corn pellets instead of coal to help meet renewable fuel goals.

Next Step Biofuels' Russ Zeeck says the corn pellets his company makes burn like coal, but they are made out of corn stalks, leafs and cobs left behind after harvest.

Zeeck says Next Step is in talks with several utilities about using the corn pellets starting sometime in 2010.

Coal-fired power plants can burn the corn pellets along with coal, and that makes it easier for a utility to use a renewable biomass fuel at its existing plant.

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Tokyo-based Electric Power Development, better known as J-Power, will join Osaka regional utility Kansai Electric Power in investing in a unit of Germany's Innogy.

The deal, estimated to be worth around $900 million, will give J-Power a 25% stake and Kansai Electric a roughly 16% share. It will mark the first investment in an offshore wind project by Japanese power companies.

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