Bio-En Holdings, Inc, a Delaware corporation, is a project and plant development
company in the business of producing and selling ethanol and butanol made from
municipal solid waste and other cellulosic fiber.
We have planned, designed, engineered and prepared agreements to build and operate
a facility using Gravity Pressure Vessel Technology in Weak Acid Hydrolysis
to convert Biomass to Ethanol (the “Facility”).
The Facility will combine technologies from the waste management industry and
integrate the recycling of waste, control of carbon dioxide and other emissions,
with the profitable production of fuel grade Ethanol.
The Company has so far not been successful in obtaining the full funding required
to establish the Facility.
The Company, under the name Olivia, Inc., was incorporated under the laws of
the State of Delaware on January 6, 2014. The Company, through its merger “(Merger’)
with Bio-En Corp (“BEC”) is in the development stage and is devoting
substantially all of its efforts to the development of its business plan. The
Company intends to be a world leader of setting the standard for waste to bio-fuel
technologies. The Company intends to plan, design, and execute agreements to
build, operate and maintain a bio-mass to energy facility on the island of Malta,
which is contingent on sufficient capital funding. The Company’s fiscal
year-end is December 31.
The Company is a renewable energy company which intends to offer profitable
solutions to environmental problems by the integration and application of proven
technologies and methods that deal with waste materials and the processing of
biomass to fuel grade ethanol or other biofuels. The Company is focused on the
up-to-date use of established process engineering principles joined with specific
patented technology available to it through a license agreement entered into
on March 23, 2014 between BEC. and GeneSyst International, Inc. a Delaware corporation,
the license agreement assigned by BEC to Company.
The Company has received correspondence from Malta Enterprise, the governing
body in Malta overseeing projects for the government indicating the Company
has been given a green light to design, build and operate a facility to convert
municipal solid waste and other forms of cellulosic biomass to ethanol subject
to requirements established by Malta Enterprises and the government of Malta,
as well as other intended governments (“Facility”). The Facility
should be fully operational within 18-24 months of full funding.
The planned Facility is designed to be a major GREEN project. The Facility will
combine technologies from the waste management industry which will be integrated
into the Facility’s overall waste recycling program, control of carbon
dioxide and other emissions and the profitable production of fuel grade ethanol
and other Biofuels.
The Company plans to derive its revenue from gate fees for MSW (as defined below)
brought to the plant, the sale of ethanol or other biofuels, sale of carbon
dioxide and sale of excess electricity to Malta. No off-take contracts have
been entered into as of this time.
In addition to these traditional sources of revenue, the Company expects to
derive additional revenue from biofuels production subsidies. The European Union
(“EU”) recognizes that producing Biofuel food crops on crop land
has considerable cost implications since they are staple foods and need significant
subsidies to be converted to biofuels. The price and demand for fuel has contributed
to escalating food price inflation over recent years causing serious hardship
for poorer populations. The EU is expected to implement a major overhaul of
biofuels production subsidies that favor the Company.
The past decade has seen soaring oil prices, Middle East turmoil, government
Biofuel incentives, clean-tech venture investments and maturing technologies,
all these factors contributing to the critical mass necessary to launch the
Biofuel market in a meaningful way.
Ethanol is a significant source of liquid fuel and its production from food
grains is widespread. However, the use of the food grains in the production
of ethanol along with the cost for fuel is causing widespread increases in food
prices and governments are now seeking alternative feedstock and fuel sources
to accommodate the increasing demand for clean fuels from sustainable sources
other than food grains or fossil fuels.
The global market for ethanol will be open to enormous opportunities and transitional
challenges over the next ten years. A few issues hold the key to these growth
opportunities.
The Green Business Opportunity is not about green sentiment, anymore. It is
about building national energy security and being part of a huge emerging market
of a kind that may come once in a century.
The Company intends to take advantage of the worldwide burgeoning demand for
Biofuels, thus adding value to the Company and high returns for the Company’s
investors by integrating world-class technology matched to a project for the
conversion of solid waste feedstock (“MSW”) and other cellulosic
feedstock into fuel grade ethanol and other Biofuel.
The Company’s use of patented Gravity Pressure Vessel (“GPV”)
technology will demonstrate its leadership in setting the standard for best
practicable waste conversion to fungible Ethanol and other Biofuels for the
world market in an environmentally friendly manner.
The Company believes that its Malta project could be the future standard used
to measure all projects of this type and would likely lead to additional projects
in other parts of the world.
The Company plans to produce 88.5 million liters (23.3 million gallons) of
fuel grade Ethanol each year which it would sell under contract to offshore
users and spot purchasers. The production volume can be adjusted to accommodate
short-term increases in overall capacity.
The Company plans to build a Biofuels and Ethanol production facility that will
have an initial capacity to take in a mixture of raw materials amounting to
370,000 wet metric tons of Biomass per year. In addition, the Company has reached
a preliminary understanding with the Maltese Government to take into the planned
Malta Facility a major portion of the MSW that is generated by Malta and Gozo.
The gross annual amount is approximately 250,000 metric tons, and the Company
will become the only Government contractor employed to receive this MSW supply
for processing and treatment. The plant is designed to meet the requirements
for Zero Waste Back to Landfill.
The planned Facility anticipates using MSW and various forms of Biomass as the
raw feedstock in the production process. The GenySyst process is a wet-based
procedure and requires a supply of water to initiate the operation of the process.
This water supply can come from any non-salt water source, direct potable water,
rain water, final effluent from a sewage works, or from recovered process water
from businesses or from sewage sludge. Once initiated, the internal process
water is continuously recycled. This water supply will be supplemented with
make-up water contained within new supplies of Biomass and sources of non-potable
water.
All residual products and excess water produced from the plant will be treated
in a small waste water treatment processing plant located on or adjacent to
the site. The waste water treatment plant will be designed to produce water
that is suitable for discharge into inland watercourses or for irrigation purposes,
as well as make-up water or used in the production of electricity from the Combined
Heat and Power (“CHP”) plant. Excess power not used at the Facility
will be sold to the Malta grid.
An Electrical Generation set will be installed on site as part of the Facility.
This will allow the Facility to operate independently of the Malta Electrical
Grid. The Facility may use residual heat and by-products, such as Methane and
a CHP plant, to provide the power needed for the plant to operate. The Facility
will be a net producer of heat energy that can be converted to electricity and
sold to local users.
All the Biomass contained within the process facility, or any further materials
produced during the production process would be non-toxic, and can be reused
or incorporated into construction materials and pavement foundations for roads.
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