Other connections:
American Renewable Diesel is a special purpose company owned and managed by Trianon Partners. Trianon Partners has extensive international project development experience and has worked with Covanta in connection with various power projects. On February 6, 2008 AG and American Renewable Diesel executed an agreement granting to American Renewable Diesel the right to sell and use the KDV technology in five U.S. states: Texas, California, New York, New Jersey and Florida. Similar to the business arrangement with Covanta, we have the right to fund and own up to 51% of each of American Renewable Diesel’s KDV-based projects.
On June 2, 2008, we entered into a letter of understanding with S.C. Supercom S.A., a Romanian company engaged in the business of collecting (and landfilling) municipal solid waste in an around the City of Bucharest. In the letter of understanding, the parties have agreed to work together to structure a joint company or similar business vehicle registered to operate in Romania through which we will work together to purchase and install a KDV 500 unit in a location to be selected and permitted by S.C. Supercom S.A. We are to own 51% of this Romanian company, while S.C. Supercom S.A. is to own 49%.
Other Operations
Production of Crude Castor Oil in Ethiopia,
As a potential near-term source of revenue, we have invested a portion of our capital and resources in the cultivation of castor plants in Southern Ethiopia. Our activities are based in Sodo, Ethiopia and in the regions of Waletia and Goma Gofa, Ethiopia. Seeding commenced in April 2008, with the first harvest expected by August/September, 2008. We estimate the expected yield of this first harvest at 10,000 tons of seeds, although no assurance can be given that this yield will be achieved. We have also implemented a research and development program to achieve a new species of castor to improve future yields.
esignal.brand.edgar-online.com |
