Plans to Open Plant in Jamaica Move Forward

On February 5, the company executed a Memorandum of Understanding ("MOU") with the Jamaican authorities to build a 10 million gallons per year advanced Bio-Fuel plant and 3 MW of excess biomass electricity, utilizing Sweet Sorghum as the feed-stock to be grown and harvested in Jamaica.

During the first week of February a Project Team consisting of Juan Briceno, Business Developing Director, Keith Holesinger, Benchmark Farm Management and James Carter, President of Capital Solutions Inc.,visited Jamaica to present to the authorities our proprietary advanced bio-fuel project utilizing Sweet Sorghum as the raw material.

After meeting with the key stakeholders for the project, including the Ministry of Energy, Ministry of Agriculture, SCJ Holdings, Petroleum Corporation of Jamaica, Jampro, and visiting potential land sites, an agreement was reached for the development of the Project. 

Included in the MOU are:

1. Long term lease of 9,000 acres of tillable land expandable to 18,000 acres.

2. Off Take Agreement of the biofuel with the Petroleum Corporation of Jamaica

3. Power Purchase Agreement (PPA) agreement for the excess electricity with the Ministry of Energy

The company is now drafting and executing the details agreements in order to move to Notice to Proceed ("NTP").

We are extremely pleased and honored for the opportunity to develop the project with the people of Jamaica and to contribute to Jamaica for their renewable energy objectives.

During the trip we also held a  meeting at the US Embassy in Jamaica where we learned of several funding initiatives available for renewable energy in Jamaica.

The new plant is estimated to be completed last quarter 2018.

For additional information please contact the company.

Bio-Fuel Demand Continues To Increase

Bio-Fuel Demand Continues to Increase.  EPA Boosts Amount Of Bio-fuels Required To Be Blended In US Gasoline Supply.

On Monday, The Environmental Protection Agency issued a final rule designed to increase the amount of Bio-fuels to be blended with gasoline through 2016. The agency mandated the use of 18 billion gallons of renewable fuels in 2016. The Renewable Fuel Law reduces dependence in foreign oil and bolsters rural economies by requiring a steady increase in the overall amount of renewable bio-fuels used. The Agency also said that demand for gasoline has increased this year, increasing the amount of bio-fuels to be blended.

In addition, The U.S. Department of Agriculture USDA is also funding (US $ 100 million) the infrastructure to install E15 blending pumps at gas stations nationwide. Blending bio-fuels from 10% to 15% with gasoline will further increase demanded volumes beyond EPA requirements.

For further information please contact the company.

INTERNATIONAL PROJECTS GAIN MOMENTUM

Due to demand for Biofuels in Central America and Caribbean, the company continues to evaluate opportunities there.

Recently we have started formal conversations to develop an Advanced Biofuel Project in Jamaica.

We had communications this month with the Jamaica Promotions Corporation "JAMPRO" and with The Government of Jamaica land management company whereby we are demonstrating the potential contribution to the economy and to a sustainable environment of our Advanced Bio-Fuel - Biomass Electricity and Bio-Jet Fuel technology.

Subjected to land availability and other negotiations taking place, the company may start predevelopment for a project in Jamaica early 2016.

For additional information, please contact the company.

NG METALURGICA BRAZIL VISITS CLEARWATER

This week we received a technical visit from NG Metalurgica Brazil in our offices in Clearwater, Florida.

Sergio Barreira, Director of Engineering and Fabio Zannata, Project Director for Turbines, came to review with our engineering team the equipment logistics for the upcoming project(s) in Florida and overseas.

During the visit, we received a presentation of their second generation Geared Reaction Steam Turbines and their new Ethanol Dehydration Unit (Sistema In Tech). These key new units deliver higher outputs and more efficiency than originally anticipated.

For additional information, please contact the company

DOE New Loan Guarantee Program

During July 2015 the US Department of Energy ("DOE") announced a new program for up to four billion dollars ( USD 4 Billion ) in loans guarantees, to support renewable energy efficiency projects located in The United States. The projects must avoid, reduce, or sequester green house gases.

The company believes the advanced Bio-fuel plants qualify for this program and will facilitate commercial debt financing in the execution of multiple plants.

For additional information please contact the company.

TERM SHEET Received for the Construction of up to 5 Plants in Florida

In June 22, 2015, the company received a Term Sheet from Clean Power Capital of Mill Valley, California.  The proposed funding facility is for the amount of $500 million in a combination of equity and long term debt, for the construction and development of up to five (5) Advanced Sweet Sorghum Bio-fuel facilities to be located in the State of Florida.

For additional information , please contact the company.