And there was more bad news:
Turkey-oil plant closed due to foul odors
SPRINGFIELD, Mo. - A foul-smelling plant that turns turkey byproducts into fuel oil was ordered closed by the governor Wednesday until the company finds a way to clear the air.
Renewable Environmental Solutions Inc. in the southwest Missouri community of Carthage had agreed in May to improve its odor-control systems after state and city officials sued, alleging the smell posed a public nuisance.
The company also was cited six times by state environmental officials this year, Gov. Matt Blunt said, but the smell continued.
Well, at least there were "no smokestacks bellowing chemical-laden smoke."
...but from the very same wikipedia article he quoted above...
Smell complaints
The pilot plant in Carthage was temporarily shut down due to smell complaints. It was soon restarted when it was discovered that few of the odors were generated by the plant<5>. Furthermore, the plant agreed to install an enhanced thermal oxidizer and to upgrade its air scrubber system under a court order<6>. Since the plant is located only four blocks from the tourist-attracting town center, this has strained relations with the mayor and citizens of Carthage.
According to a company spokeswoman, the plant has received complaints even on days when it is not operating. She also contended that the odors may not have been produced by their facility, which is located near several other agricultural processing plants<7>.
In December 29, 2005, the plant was ordered by the state governor to shut down once again over allegations of foul odors as reported by MSNBC<8>.
As of March 7, 2006, the plant has begun limited test runs to validate it has resolved the odor issue.<9>.
As of August 24, 2006, the last lawsuit connected with the odor issue has been dismissed and the problem is acknowledged as fixed.<10> In late November, however, another complaint was filed over bad smells.<11> This complaint was closed on January 11th of 2007 with no fines assessed.<12>
...methinks someone is riling up the NIMBYers.
While his point about the "The Law of Receding Horizons" should be well taken, but at the same time, it appears some meta-skepticism is in order here. TDP does have the potential to utilize feedstocks which are not as competively priced as turkey waste turned out to be, and never will be. That was definitely an error on the companies part, placing their plant as they did right next to what they thought was a low value feedstock but actually turned out to have other buyers. They tried to speculate on legislative reaction to bovine encephalitis -- they gambled and they lost on that one. Had they built the plant in Europe where the laws did what they expected them to do, the story would have been entirely different, not to excuse them from taking a huge risk with their investors' money.
They probably would not have made their target price just the same, that was indeed a bit overhyped, but they made a decent showing and seem to still be in the game.