PROJECT VERDE

Project will build its first Renewable Fuels Production Facility in Southwest Arkansas utilizing the revolutionary, patented, proven and field tested Thermal-Electrical-Chemical (T-E-C) Reformer technology that processes organic waste into marketable energy commodities. The technology is less capital intensive and an order of magnitude more efficient than other existing waste-to-value processes. As such, the operating and capital cost per unit of output are significantly less than other waste-to-value processes such as combustion, gasification and pyrolysis. Fuels are produced at a significantly lower cost than current crude oil extraction and fuel refining methods.

Each of the three products produced by the T-E-C Reformer is a commodity that is widely produced, in high demand and will be sold into local markets at benchmark pricing.  Certain strategic and economical advantages exist to ship and sell product into the California market as that will allow the company to obtain additional credits from the state government (LCFS) which will significantly add to the profitability of the business. This is in addition to available RIN credits under the Federal RFS2 program.  Other states are launching similar programs to incentivize alternative/renewable energy projects and products.

Project Verde intends to build, own and operate multiple facilities using the T-E-C licensed technology in areas where adequate feedstock supplies are found. Each facility, at capacity, will annually process 800,000 tons of waste producing 96 million gallons of Ultra Low Sulfur Diesel in addition to 36 million gallons of LPG and 8 million gallons of CNG. As a result of the high profitability of the model, the growth strategy is to partner with feedstock (waste) producers to share in the profits rather than compete for their waste streams in the open markets. Partners in the agricultural communities will also benefit from the ash output as it has been show to be a quality soil amendment.

At full capacity, a single production facility is expected to generate over $140MM in EBITDA. When adding available RIN (Federal) and LCFS (California) valuation EBITDA of a single facility is projected to surpass $400MM per year.