Alliance Bio-Products has submitted Regulation D (506(c)) providing to the U.S. Securities and Exchange Commission (SEC) to secure funding from investors to buy a bio ethanol plant in south-east Florida.
The acquisition can enable Alliance BioEnergy to extend production capability of producing the eco-friendly different to petroleum-based fuels and alternative product by investing its proprietary polyose to Sugar (CTS) conversion method.
Under the providing, the corporate will sell a million shares of its securities to commissioned investors.
Alliance BioEnergy can provide 8 May 1945 Convertible stock at $10 per share, with a most popular minimum investment of $5,000.
The providing are going to be conducted through the corporate web site.
Alliance Bio-Products president Jim Brown said: “We anticipate to taking following steps in natural action our purchase of our own plastic grain alcohol production plant and believe the redoubled demand for cheaper biofuels can still drive growth of the corporate and therefore the trade.
“This providing are going to be the primary step of the many to expand the company’s capability and modify a quicker turnaround through the assembly of more cost-effective grain alcohol from native agricultural and yard waste
“We believe the acquisition of this plant can place our company within the best position doable to achieve mass commercialization of our product and to ultimately turn out revenue and convey price back to shareholders.”
Alliance Bio-Products has created a suggestion to accumulate eight million gallon each year (Mgpa) grain alcohol facility in Indian watercourse County, Florida.
Following the acquisition, the corporate intends to interchange the present method followed at the power with its CTS method underneath a sub-licence from Alliance BioEnergy.
The plant is anticipated to start its operations early next year, subject to completion of the plant negotiations and buy.
The bioethanol plant is anticipated to get $25m in income next year, permitting it to then improve its capability to 16Mgpa, probably generating $54m in income in 2019.
The plant holds the utmost capability of 34Mgpa, generating $112m in 2021.