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College at Brockport students pitch business to president
Brockport, N.Y. - From the cafeteria to lawn mowers, a group of students on the College at Brockport campus pitched a project to the school's president to turn used cooking oil into biodiesel.
The professors actually had this idea and they pitched it to the students and initially all they said was lets build a bio diesel laboratory, said senior marketing major Skyelar Habberfield. That was it, so they dumped it on the students and so we had to from a business perspective and a science perspective had to figure out how that was feasible.
Junior Ken Johnston spent countless hours in the lab trying to find the correct formula.
We spent a lot of hours usually on Friday nights, said Johnston. We would spend three to four hours straight just doing all the processes necessary to create biodiesel.
In terms of the classroom nothing really compares to this you know, said Habberfield, who worked on the business plan. We can draft up a fake business plan, but building a real company is something completely different and it's an absolutely amazing experience.
During the colleges 31st annual Scholars Day the team of students presented their business plan to the schools president.
Theyre asking for $18,000 and project they can make that money back in five years.
At maximum capacity we predict that we can produce approximately 2,400 gallons of biodiesel and offsetting petro diesel that's at $3.50 a gallon, we believe we can produce it for around $1.70, explained Habberfield. So the cost savings over 2,400 gallons is really close to $6,000 a year.
The biodiesel will be used in lawn mowers, snow plows, and other equipment on campus.
Something the students involved hope will be a reality on the Brockport campus for years to come.
We want to leave something here even the slim chance that it does take off and it is successful is enough to keep us motivated enough to keep us going, said Habberfield.