Robert Luiten, Founder & Chairman, stated, “We have carefully selected potential acquisitions that we feel will enhance Zenergy’s market value and allow us to compete profitably in the lucrative emerging biofuels industry. The current biofuels market has given us a unique opportunity to acquire existing plants, which individually carry nominal valuations, and leverage our current relationships to mature these plants to full capacity and profitability, allowing Zenergy to enter into the revenue producing stage in short order.” Mr. Luiten continues, “As we concentrate on non-food, low-cost feed stock in addition to scalable technology, we are confident that our business model has been proven and we intend to replicate the success of companies like INEOS, where economies of scale have proved to be extremely profitable through similar courses of action and growth strategies.”
Their announcement states that they have an acquisition in the works and will announce shortly….The acquisition will bring immediate revenue and cash flow.
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