InvestorsHub Logo
Followers 10
Posts 1032
Boards Moderated 0
Alias Born 08/25/2005

Re: lambchops post# 1392

Friday, 08/12/2022 6:54:08 PM

Friday, August 12, 2022 6:54:08 PM

Post# of 1427
Eco Allies® Florida Biochar Plant and SuperGreenTree Forest Project Gets Biochar Purchase Letter of Intent from DASCO
Press Release | 08/11/2022
Eco Allies®, a StereoVision subsidiary announced today that their renewable and sustainable project to be located in Florida on approximately 1,500 acres of farmland has received a biochar purchase Letter of Intent. The planned Eco Allies branded biochar plant income is to be generated from the production of 19,000 Short Tons of Eco Allies branded biochar annually. Eco Allies Florida biochar facility will produce the only USDA approved biochar livestock feed additive. Eco Allies livestock feed additive can reduce the methane in animal excrement by as much 25%. Per the definitive Eco Allies/BioChar Now J/V agreement Eco Allies branded biochar plant will operate under BioChar Nows patents, government approvals, and the industry know-how of Biochar Nows management Eco Allies biochar plant is designed to operate under BioChar Nows proven and tested manufacturing procedures. BioChar Nows top-quality biochar sells for as much as $1.00 per pound. Biochar Nows visionary CEO, James Gaspard is a member of Eco Allies Board of Directors.

DASCO Inc., an internationally recognized leader in providing crop nutrients and industrial chemicals has provided a Letter of Intent (LOI) to purchase a considerable percentage of Eco Allies anticipated Florida biochar production. DASCO has a vested interest in the product known as medium biochar, produced with the proprietary technology of Biochar Now. DASCO, a BioChar Now customer, intends to use the biochar manufactured at Eco Allies Florida facility, for clients located in Florida and surrounding states for the removal of nitrates and phosphate in water. DASCOs anticipated initial demand for "medium" biochar exceeds 6000 short tons annually. Additional demand for DASCOs products with biochar as an ingredient is anticipated.

The planned Eco Allies Florida facility will be powered by renewable energy and there is ample acreage available for future expansion of Eco Allies scalable solar farm. The anticipated excess energy produced will be sold to the grid. The overall project will be registered with Verra and is expected to create verified carbon and methane offset credits that can be sold as Voluntary Emission Reduction Credits in the International markets. The CAPEX for the project is budgeted at $12 mil and is to be funded through equity from Eco Allies $20 mil Reg A+ IPO made effective by the SEC, or debt, or a combination of both. Biochar production at Eco Allies Florida biochar plant can begin as soon as nine months after groundbreaking. Between biochar sales and carbon and methane credit sales, the revenue of the project is expected to exceed $20 mil in the first 12 months of operation. Further upside both on the Top and Bottom line of the project is projected from years 2, 3 and onward. Eco Allies is a distributor for BioChar Now. For info on purchasing commercial quantities of biochar contact