Zenergy has no plants, no biofuel, no business. It plans, according to SEC files, to sell stock to finance its first plant in California. But a California plant is just poor planning on Zenergy management's part.
California has the highest cost in water usage to produce a liter of ethanol. California is also experiencing a water shortage that is expected to get worst. The state will likely not allow such water intensive projects.
The results show that there is a wide variation in EWe between states ranging from 5 to 2138 L L−1. As a general trend, the EWe increases from the East to the West and from the Midwest to the Southwest regions of the U.S. (Figure 2). Among the 19 ethanol-producing states in 2007, Ohio shows the lowest EWe of 5 L L−1, whereas California has the highest EWe of 2138 (Table 2 and Table S2 in the Supporting Information).
Zenergy has NO Plans to sell stock. Certainly none that any one is aware of. The SEC posting is 2 years old and has nothing to do with the company today. Until the company files or post additional information we will not know. Even if they did sell stock it would be NON-DILUTIVE. Acquiring a major production facility, whether for stock or cash, would be a hugely positive event. A post that implies that acquiring an asset is "dilutive" is a scare tactic and INVALID.