Founded in 1982, PHI Group, Inc. is a U.S. publicly traded company (trading symbol: PHIL) primarily engaged in both conventional energy and renewables. The Company is currently acquiring a 50.90% ownership in Vietnam-based Pacifc Petro Commercial Joint Stock Company (aka Pacific Petro Trading Corporation), and has signed an Memorandum of Understanding to acquire a majority interest in Ses Meas, a Cambodian LPG distribution company. The Company intends to use Pacific Petro as a platform to consolidate additional LPG (liquefied petroleum gas) and energy-related businesses in Southeast Asia where energy demand and growth are expected to accelerate at an unabated pace in the next several decades.
The Company has also announced the spinoff of other non-energy businesses from the public company and expects to qualify for Nasdaq uplisting after the closing of the Pacific Petro acquisition. http://www.phiglobal.com
Conventional Energy and Renewables
We adopt a double-tracked strategy to address the demand in both Conventional Energy and Renewables.
We currently focus on these areas:
1. Conventional Energy:
A. Liquefied Petroleum Gas (LPG):
Vietnam: We have signed an agreement to acquire a majority interest in Pacific Petro Commercial JSC, a company primarily focused on liquefied petroelum gas (LPG) in Southern Vietnam. This transaction is expected to be closed by June 30, 2016. Website: www.pacificpetro.com.vn
We plan to use Pacific Petro as a platform to acquire consolidate other LPG and energy-related businesses in Southeast Asia where energy demand and growth are expected to be very strong for the next several decades.
Cambodia: We have signed a Memorandum of Understanding to cooperate with Ses Meas Gas Import Export, Construction and Development Co., Ltd., a Cambodian company, to further develop liquefied petroleum gas (LPG) and other energy-related businesses in Cambodia.
As part of the business cooperation program, PHI Group intends to acquire a majority interest in Ses Meas. An expected initial project is to form a joint venture company to build a dry port and logistics facilities to handle LPG and other goods currently imported by Ses Meas and its affiliates. In addition, both companies plan to partner in the areas of waste-to-energy business and potentially establishing an oil refinery in conjunction with a qualified international investor.
Ses Meas and its affiliate company W.B. LPG maintain a large fleet of LPG transport trucks and currently generate approximately $50 million in revenues per year from both retail and distribution.
We currently cooperate with coal miners and suppliers in Indonesia to provide stable, long-term supplies to Asian countries that use coal for coal-fired power plants, steel mills, cement and glass manufacturing plants, etc.
2. Renewable Energy:
Our renewable energy strategy is to provide better, cleaner and more cost-effective renewable technologies, including waste to energy, solar, wind, hydro, geothermal, hydro-magnetic gravitational, biomass and others as may be optimum for each particular geopolitical area.
We continue to partner with U.S. and international companies that have developed breakthrough renewable energy solutions to respond to the ever-growing global energy demand.
A. Waste to Energy:
We have partnered with Regreen International Solutions, Inc., a Colorado corporation, to provide waste treatment technologies and systems that can accept virtually any form of wastes - organic refuse or total waste, unlike other recycling machines limited to using only particular food products or wood chips. The Regreen systems includes multiple stages that efficiently reduce the size of the waste, compress it and squeeze out its liquid, further pulverize the dehydrated content, and form pellets that are dried and cooled. These pellets can then be used as a fertilizer supplement and as a biofuel. This same machine also treats the liquid initially extracted from the waste, resulting in a product that could either be used as liquid fertilizer or sold to companies manufacturing biogases. In essence, nothing is wasted with the Regreen system. It completes the waste-to-energy cycle. It transforms the dream of waste conversion and sustainable energy into a cleaner, greener reality.
Regreen International Solutions' System
Regreen International Solutions' website: www.http://regreentechnologies.com/
B. Biomass - Wood Pellets:
We have purchased 10 acres of land in Live Oak, Florida, U.S.A. to build a 200,000 MT wood pellet plant next to Klauser Lumber One, one of the largest lumber mills in the U.S. This is a joint venture project with the principals of A.G. Materials, LLC, an Alabama comany, and Carbon360 Partners.
We are in the process of spinning off our natural resources businesses into a seperate company and will keep the public company (PHIL) focused on its acquisition and consolidation strategy in the energy industry.
Projects in natural resources can fall into various categories such as forestry, industrial and metallic minerals, agriculture and water resources.
-We have signed an agreement with Spartan Mining and Development Corporation, a Philipiine company, to dredge the Sto. Tomas, Maloma and Bucao Rivers in Zamales Province, the Philppines. This project will help restore navigability for these rivers and yield about 1.4 billion metric tons of reclamation sand for export to Singapore and other Asian countries. The value of the sand to be extracted from these rivers could be worth several billion dollars.
- -We have signed agreeements with five Vietnamese companies to supply reclamation sand to Singapore.
-We have signed an agreement with Cavico Lao Mining Co., Ltd. to develop an 80-km2 multi-mineral mine, including nickel in Khoam Bang area, Ban Bo, Bulikhamsay, Laos. The nickel value of this mine could be worth over US$ 6 billion.
-We have signed an agreement with Khamchaleun Investment Sole Co., Ltd., a Laotian company, to co-develop an antimony mine in Khammuane Province, Lao People's Democratic Republic.
| || || |
| ||Authorized Shares ||300,000,000 ||a/o Apr 01, 2016 |
| ||Outstanding Shares ||14,549,001 ||a/o Apr 01, 2016 |
| ||-Restricted ||Not Available |
| ||-Unrestricted ||Not Available |
| ||Held at DTC ||Not Available |
| ||Float ||814,174 ||a/o Apr 01, 2016 |
| ||Par Value ||0.001 |