Renew Energy Resources, Inc. (OTC: REER) is an alternative energy development company focused on converting non food based feed stocks into renewable energy. Non food based feed stocks include waste vegetable oil, corn oil, brown grease, animal fats, recycled plastics, and discarded tires. Renew is focusing on plants that are both origination and destination based. "Origination" plants are built near the feed stock source whereas "destination" plants are built near the point of use. Having a plant that functions as both an origination and destination plant simplifies logistics and creates a competitive market advantage in pricing and improved operating margins. Renew vertically integrates renewable energy markets such as biodiesel, ethanol, solar and wind. Vertical integration will include facility ownership as well as facility management, off take contracts for the primary product produced, value added refinement of derivative products, distribution, sales, marketing and financing of export sales contracts. Management functions will include, marketing the fuels and other bi-products, maintaining a trained operational staff, OSHA compliance, quality control and all accounting functions. In return for the above functions Renew Energy, retains an equity ownership position in each project.
Renew’s business strategy is to integrate the procurement, production, financing and off-take of waste vegetable oil-based biodiesel for domestic distribution. While the supply of waste vegetable oil and brown grease is not sufficient in agriculture producing areas of the U.S. (established rural locations for ethanol and biodiesel production facilities), large metropolitan areas do have sufficient quantities. Utilizing better process technology and test equipment, Renew can produce quality ASTM biodiesel from waste oils and grease.
Renew has assembled an experienced team with a proven track record in finance and large scale renewable energy projects. The company develops small scale market centered plants anchored by partnerships with key feedstock suppliers.
Renew believes that long-term sustainable supplier-consumer relationships are best insulated from volatile pricing by vertically integrating production and distribution assets. Vertical integration includes facility ownership as well as facility management, off-take contracts for the primary product, value-added refinement of derivative products, distribution, marketing and project financing. To date, Renew has commenced development projects in biodiesel, ethanol, and discarded tire markets.
Legacy Bio-Fuels
New Subsidiary to Pursue Waste Vegetable Oil Bio-Diesel Opportunities in Northeast
Renew's wholly owned subsidiary, Legacy Bio-Fuels, was formed to pursue opportunities for a vertically integrated waste vegetable oil facility in the Northeast. The Company’s business plan has been to identify opportunities by which the Company can facilitate Bio-Diesel production by integrating the financial risk between Feedstock, Production, and Sales. The Company has identified and is currently in negotiations with highly strategic groups focused on accomplishing this goal. The launching of a new subsidiary is the next logical step in the process creating an operating subsidiary by which the company can move forward in the Northeast.
Alternative Fuels Renewable Energies Council
Renew announced in early September that the company has joined The Alternative Fuels Renewable Energies Council, "AFREC".
Al Ringhoffer, President of AFREC, commented, "We are pleased to welcome Renew Energy Resources, Inc. as our newest President’s Circle member to AFREC. Renew’s commitment and reputation for advancing energy initiatives and economic growth is well known and respected. In a leadership position, Renew will help provide the guidance for identifying situations where alternative fuel technologies and renewable energies can be applied immediately. Most importantly, Renew’s innovative business model will help us move closer to energy independence and provide a much safer environment. We believe AFREC is one of the most highly recognized energy groups, and we are glad that Renew Energy Resources, Inc. is part of it."
Alex H. Edwards III, Renew Energy Resources CEO stated, "We are excited to be a part of this diverse group of companies which are focused on the delivery of Alternative Fuels and Renewable Energy. In keeping with our Business Plan, this council serves as a forum for partnership opportunities which we believe will be integral to executing our long term vision of right sized, well located, vertically integrated energy production."
