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Looking for starting capital to open BioDiesel Plant
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Company Name:
Xenerga
Industry:
Environmental
Number of Employees:
3
Capital Needs:
$500,001 - $1,000,000
Location:
Bayonne, NJ
Company Website:
RaiseCapital Website:
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Description
I am seeking to raise starting capital
in order
to start a Biodiesel Plant. The plant
would be a franchisee of Xenerga, based
in Florida.
The plant would produce 5 million
gallons a year. (There would be
expansion once there is more demand).
The feedstock would be vegetable oil
from restaurants that Xenerga has
contracts with and not from farm
products. They also would have a
distributor and customers for
the Biodiesel. Estimated revenue would
be $2.5 million per year.
Biofuels usage is increasing throughout
the world. Towns, cities, states,
industries are looking for alternatives
to supplant their use to oil. Biodiesel
is one of them and it's usage will only
continue to grow.
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