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:

http://www.raisecapital.com/tag/looking-for-starting-capital-to-open-biodiesel-plant

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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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