Green Technology Development Biomass
Green Technology Development will operate a 90MGY biomass processing plant to convert logging industry waste wood and whole tree chips into ASTM D975 Over-the-road Ultra-low sulfur diesel fuel. The project’s Public Economic Development partner in the South-East U.S. has provided a site for the plant to the Project Developers. The Developer’s will build the first of several planned facilities of this kind. In this partnership the project developers will retain a majority equity position and will be Owner/Operators.
Ultimate Energy Partners Biomass
Ultimate Energy Partners is in the early stages of development of a Project which will operate a 5MGY biomass processing plant to convert logging industry waste wood and whole tree chips into ASTM D975 Over-the-road Ultra-low sulfur diesel fuel. The project’s partners have received a commitment for feedstock and have located a site in the North East U.S. for the plant. Permitting is underway. The Developer’s will build the first of several planned facilities of this kind. In this partnership the project developers will retain a majority equity position and will be Owner/Operators.
Applied Biofuels has two significant Biofuel projects underway. Applied Biofuels has partnered with Indian Nations for these projects. The relationship with the Indian Nations qualifies the projects for 8A status, grants, lower interest non-recourse loans, New Market Tax Credits and more. In both projects, the Native American partners are providing a majority of equity funding and will hold a majority share of the respective projects. ABF will retain equity percentages of each project, will not be providing any equity funding but will provide lead project-management. Both projects are oriented toward meeting existing market demands but, more importantly to meeting the demands of new markets of high-value bio products in chemical, pharmaceutical, agricultural, energy and other industries. These projects are exciting and successfully positioned for double digit returns on investment.
Gila River Farms Castor
The Gila River Farms Castor planting project entails the planting of four varieties of castor, on land in Arizona provided by Gila River Farms (“GRF”), a solely owned subsidiary of the Gila River Indian Community. Castor is a seed-oil rich, draught tolerant plant. Oil from castor is one of the few commodities that has continued to maintain its value, despite the impact low oil prices have had on other commodity pricings. Demand in the US is very strong (50,000 metric tons/year) in spite of almost all of the Castor being imported from India.
Applied Biofuels will lead the project. The planting, harvesting and seed crushing will be achieved by a consortium that includes Kaiima, an Israeli seed company that has created non-GMO enhanced ploidy platforms that enhance the castor’s favorable characteristics, Agro-Mech, a leading supplier of seed crushing equipment and leading experts in castor farming and oil extraction who will provide hands on management. The three largest importers of castor in the U.S. have provided support for ABF’s project with letters of intent to purchase produced oil.
Sooner Biomass is a cooperative effort between ABF, Oklahoma State University (“OSU”) and a consortium of Indian Nations. Sooner Biomass will operate a Biomass processing plant to process invasive Eastern Red Cedar. The processing plant will be the first step of a staged implementation strategy for processing the blight in Oklahoma of underutilized Eastern Red Cedar into high-value bio products. This project is particularly attractive as Sooner Biomass moves into torrefaction of the Eastern Red Cedar into graphite and carbon black. The Indian Nation partners have provided a site for the facility, are the majority equity financiers and are playing a critical role in the projects expansion. Dr. Raymond Huhnke Director, OSU’s Division of Agriculture’s Biobased Products & Energy Center has said “The establishment of an operational plant in Oklahoma would be a tremendous asset to bioenergy and bio product researchers in the state. We have an expansive knowledge base and numerous resources related to bioenergy and bio-products here at OSU that would be beneficial to an ERC Biomass processing plant”.