We are all reborn, who wants to be the richest man?

Wall Street is supportive, so Luo Nianzhong has to return the favor.

After the two houses of the United States passed the new energy subsidy bill, various states also introduced related policies one after another.

The most generous state is California. Due to the rise of the Internet, this major electricity consumer has directly taken out 11.4 billion US dollars for subsidies to strongly support new energy.

Of course, there are also some states that are perfunctory, such as Texas, which ranks in the top three in economy.

The elephant is somewhat resistant to new energy. The huge state of Texas has only subsidized less than 300 million US dollars, and from what Texas has said, they want to develop wind power.

However, Luo Nianzhong is not in a hurry. This shows that the donkey and the elephant have not reached an agreement yet. This money must be earned. It depends on the form of cooperation with the elephant.

All new energy subsidies in the United States total more than 117 billion U.S. dollars, reaching billion per year.

It’s been a year, and Luo Nianzhong, standing on the balcony of his study in Hong Kong Island, wants to shout: Wall Street is awesome.

In addition to the United States, Western Europe is also quite powerful.

However, what Luo Nianzhong did not expect was that Italy directly subsidized US$8.9 million each year to develop new energy.

The grants exceeded those of France and Britain and were second only to Germany's $9.55 million.

In terms of environmental protection, although Germany is a major manufacturing country, it has never been lenient when it comes to environmental protection.

If a large amount of funds were not needed every year to build the East German region, it would not be surprising that US$1.5 billion would be spent on new energy subsidies each year.

The nearly 200 billion US dollars in global subsidies for new energy have made new energy a super hot topic.

After all, there are many industries with annual revenue exceeding 200 billion US dollars, but we can't just pick one.

With this wave of new energy benefits, Sun God will definitely reap both the benefits through advance planning and technology.

But the days of sitting back and reaping the benefits will not last more than three years. Luo Nianzhong even thinks that it will only take two years before Tang will have to give up.

After about five years, some of the meat will be shared out.

In this case, Sun God's income is bound to decline, and new energy sources will be needed to share the huge annual subsidies.

In addition to industry, there is another industry that consumes a large amount of energy, and that is automobiles.

However, electric vehicles are not yet mature. Even the Audi Group’s Audi etron-100 was only released two years ago and is still a hybrid.

Everyone in the industry knows that, given current technology, there is still no end in sight for the development of pure electric vehicles.

Therefore, gasoline vehicles are the mainstream and are also major consumers of energy and carbon emissions.

Then the Sun God Group can amaze the world again, but who knows what Wall Street and AT&T will think, and how the media will ridicule them.

Luo Nianzhong didn’t know what the situation would be like at that time, but now the people on Wall Street are all upset and are not at all happy about the fact that Sun God has acquired new money-making technology.

Because these should have originally belonged to them, but now they have to share the profits with others.

“This is our new breakthrough technology, which I call the transesterification method.

Simply put, through the transesterification method, natural oils, such as vegetable oils, animal oils or microbial oils, can be produced into fatty acid compounds.

Kennedy Princeton spoke eloquently to the directors of Apollo, with an expression of pride never leaving his face.

What about the directors of Sun God? Most of them were also smiling, except for some representatives from Wall Street.

Because Kennedy Princeton was an employee of Bell Labs, in other words, this technology was an explosion of Bell Labs' heritage.

In the visiting group, Bynes' face was so dark that ink seemed to be dripping out.

He was a representative of Lehman Brothers, and Bell's former employer, Telephone Point, had Lehman Brothers as its largest shareholder.

"Interesterification? There are many methods of interesterification. What are the specific ones?"

Kennedy frowned at the pale old man and said, "Although you are in poor health, you can't ask about secrets so directly, right?"

However, the other party is from Apollo Company, the financial sponsor of future independent research and development projects, so I still have to answer, but I also keep it in mind.

"We have conducted a large number of experiments using many exchange methods, including acid or base catalysis, bio-enzyme method, and supercritical method. It is still unknown which method is the best."

Baines wanted to ask more, but the European representative obviously saw through his thoughts and changed the subject.

Are you kidding? Now that you know the specific method, you can go back and copy it?

Although these Europeans also want to take this technology back for in-depth research, they also know that Europe's current chemical industry cannot compare with that of the United States.

It’s good like this now, everyone is taking over the market and sharing the profits equally.

"Tell me about the achievements and shortcomings."

"No problem," Kennedy nodded.

"Because the technology has just been broken through, the result is that it can be directly mixed with petrochemical diesel, but the mixing ratio cannot exceed 30%."

This data has delighted many people. How much diesel is used every day in the world? Not to mention 30%, even %, the price difference is a huge fortune.

Moreover, this thing is a new energy source and can get subsidies, which means it is cheaper and easier to promote.

"What are the shortcomings?" someone asked impatiently.

This new technology has just been developed, so it is bound to have some flaws.

"There are many shortcomings, but at this stage I think it has commercial promotion value."

Whether it has promotional value or not is not up to Kennedy to decide, but up to them.

"The biological oil produced has poor stability if stored for a long time and cannot exceed five years."

This point can be ignored. It’s not a national reserve. Five years is enough, the visiting group was weighing this in their minds.

"Also, the engine compatibility is poor, but it does not affect its use."

This is a problem, but since we are using diesel, it is not a big problem.

Because diesel cars are generally large, and most cars in cities are gasoline cars.

"Finally, the freezing point is too high. It cannot be used in areas with low temperatures. It basically won't work when the temperature exceeds minus 20 degrees Celsius."

It is a flaw, but how many countries in the world have temperatures of minus 20 degrees Celsius for a long time? How many people are there?

The tour group was still waiting for Kennedy to continue, but they found that he had shut up.

"End?"

"Yes, that's all the shortcomings for now."

“What about the cost?” This is the key.

"It's a little lower than diesel, but only about 15%."

Everyone's eyes lit up. There was great potential for this product, and it could be commercialized on a large scale.

"I think we at Sun God should increase our investment and put some R&D funds into bio-oil research."

When they came, Luo Nianzhong had already talked to them that Sun God would get the only technical authorization, the fee was 4% of the profit, and it would be valid for ten years.

The Apollo Corporation needs to set aside a sum of money every year for Kennedy's research team, which must not be less than 3000 million US dollars per year.

Is this a big deal? Just the fact that the cost is 15% lower than diesel is a big deal, not even counting subsidies.

The 4% licensing fee is really a good deal.

As for the annual R&D investment of 30 million US dollars, I just want to ask, is it enough? If not, add another 20 million US dollars.

I have only one requirement, and that is technological leadership.

The price of a barrel of diesel is now hovering around $15, and a ton of about seven barrels is $105 per ton.

If the blending rate is 30%, it will be $35. With the subsidy, if I don’t make $10 per ton of diesel, I’d feel like Jesus.

Ten dollars a barrel. Last year, global diesel consumption was more than 14 billion tons, which is $1400 billion. So what if the price is cut in half?

In the view of the visiting group, it is possible for this technology to bring in tens of billions of dollars in profits a year.