Yesterday news: Zenergy International, Inc. Plans to Double Production Capacity at Recently Acquired Biofuels Plant
* Press Release
* Source: Zenergy International, Inc.
* On 4:00 pm EST, Tuesday December 15, 2009
CHICAGO, IL--(Marketwire - 12/15/09) - Zenergy International, Inc. (Pinksheets:ZENG - News) is pleased to announce that the Company intends to expand the current facility recently acquired from its current capacity of 5 Million Gallons Per Year to 10 Million Gallons Per Year, literally doubling the facility production capacity.
It's anticipated that with a very cost effective investment in an additional biofuel reactor that the Company stands the potential of practically doubling their anticipated revenues. Expansion of the plant would be the optimal next step in the development of the Company, considering the low cost of the investment alongside the advantageous profit potential. The revenue generating capability of Zenergy International by expanding the facility is expected to grow exponentially in consideration of the growth potential.
The Company has acquired the property situated on 40 Acres of productive land, additional to a plant currently in production in Littlefield, Texas. With the completion of the acquisition of Greenlight Biofuels, Ltd. the company has invested in an operation capable of producing five million gallons per year, along with a vast amount of land, providing considerable room for expansion.
Greenlight Biofuels Ltd. is strategically located on the transport corridor, close to a number of transport fueling depots, providing a favorable environment for significant local revenues. Recently acquired Greenlight Biofuels Ltd. has developed a robust, proprietary, and proven technology capable of processing a variety of feedstock. In alignment with the corporate strategy, having technology that can use flexible feedstock is particularly advantageous, as upon market pricing fluctuation the feedstock sources can be changed in accordance with where the best value lies.
"Due to the current schematic of the Greenlight Biofuels facility, adding another reactor to increase capacity would be the next logical step. The current distressed sector has given us an added advantage to increase operations without requiring much capital. We continue to move forward with momentum, as we explore other geographical areas that offer the same potential to enhance our overall presence," stated Robert Luiten, Founder & Chairman of Zenergy International.
As recently announced, the Company's management has refined the initial capital structure, enabling Zenergy to maximize the growth potential of its shareholder value. It is, and will continue to be, of paramount importance to Zenergy International that as the Company evolves through new business development and acquisitions, that Zenergy International's shareholders are given an opportunity to grow with the Company through an established favorable environment for profitability.
About Zenergy International, Inc.
Zenergy International, Inc. is a global biofuel solutions provider which works to deliver biofuels at a competitive price, focusing on sustainable resources, safe practices, and compliance with all environmental laws. The Company strives to minimize overall environmental impact. Zenergy is engaged in the development and acquisition of biofuel sites, including constructing, acquiring existing facilities and operating fuel-grade biodiesel and ethanol plants. Please visit our website at www.ZenergyIntl.com for more information.
