MISSION STATEMENT

Algae Bioenergy Solutions, Inc (ABS) will become one of the leading commercial producers of alternative fuels and algae products.  ABS will meet and exceed the requirements and demands for environmentally safe alternative fuels and products.  ABS will focus on maximizing profits and growth. ABS will provide an excellent working environment for employees who will be inspired to be innovative and productive.

ABOUT ALGAE BIOENERGY SOLUTIONS, Inc (ABS)

This is Phase II of an ongoing multiple year renewable fuel project.  Phase I consisted of building Green Valley Biofuels, LLC, permitted for 35 Million gallons a year (expandable to 50 million gallons a year) biodiesel plant in Warrenville, South Carolina (completed in 2010).  As we built the biodiesel plant we realized that to maximize profits we would need to create our own feedstock with which to make biodiesel.  Although biodiesel can be made from almost any vegetable oil or animal fat, the consensus in the industry is that algae will be the future feedstock for biodiesel.

Over the next few years demand will continue to rapidly increase for clean renewable fuels to replace or extend petroleum. Part of the demand is coming from the aviation industry which must meet new European mandates for twenty per cent renewable fuels in aviation jet fuel and airport ground vehicles.  Other demand is coming from the biodiesel and ethanol industry which must find non food based feed stocks to make biodiesel and ethanol.  Algae oil with its low cold flow attributes is the ideal replacement for soy bean oil and other food based feed stocks to make biodiesel. The remaining algae dry product is a valuable co-product which is being sold from $10,000.00 to $30,000.00 a ton as nutricitricals supplement. The algae dry product can also be sold as animal and fish feed, and are an excellent source for making cellulosic ethanol (replacing corn as a feed stock).

In Phase II, ABS will own a substantial ownership interest in the Green Valley biodiesel plant and will complete the first of several algae production facilities. Phase Two requires $10,000,000 equity investment from this private placement.  ABS will enhance the equity investment with various federal and state grants and other programs currently available for this project.  For example, ABS would apply for the 30% grant provided by the 2010 extension of the Stimulus Bill or elect to take 30% tax credit that will continue after the Stimulus bill grants expires. The equity investors will earn income from the existing biodiesel plant and revenue from the algae production facility.

In future phases ABS intends to develop additional nearby algae production sites and earn additional net revenues. Future increases of net earnings are also anticipated based on increasing demand for biofuels and algae products. Algae development is ideally suited in the Southeastern United States, because of the availability of water and excellent climate.   

Over the next few years there will be a large demand for algae based fuels. The demand in part is coming from the aviation industry who must meet new European mandates for 20% renewable fuels in aviation jet fuel and airport ground vehicles.  Other demand is coming from the biodiesel and ethanol industry which must find non food based feed stocks to make biodiesel and ethanol.  Algae oil with its low cold flow attributes is the ideal replacement for soy bean and other food based feed stocks to make biodiesel. The remaining dry product is an excellent starch for making ethanol replacing corn as a feed stock. 

Over 200 algae technology companies are working on breakthroughs to make algae oil an economical replacement for petroleum based transportation fuel.  Costs for production, harvesting, and separation of algae oil are decreasing monthly.  The Department of Defense Research Agency, DARPA, announced in 2010 that algae oil can now be produced for $2.00 a gallon, which is comparable to petroleum oil at $75.00 a barrel.

Over the next 5 years ABS will develop multiple sites in the Southeastern United States to help meet increased demand for algae oil.  ABS will take advantage of acquiring low cost closed textile sites with their extensive infrastructure improvements that can be easily be modified to grow and process large volumes of algae oil and starch for ethanol, fertilizer, or animal and fish feed.

KEY INDIVIDUALS

CHUCK PARDUE, President and an attorney, retired Army JAG Lieutenant Colonel, has been involved with biofuels since 2004. He developed two biodiesel plants from site selection, property acquisition, permitting, financing, construction, to the final certification of the biodiesel for sale as a transportation fuel.  The most recent biodiesel plant he developed is permitted for 35 million gallons a year.  Because of the critical need for quality feedstock for biodiesel he is now developing algae projects and formed with his partners Algae Bioenergy Solutions, Inc.

THOMAS ANHORN,  VP Operations at  Algae Bioenergy Solutions, llc has combined experience in the Filtration Industry as an owner/manufacturer of filtration products and systems, design, consulting and project management for over 30 years.  Systems, implementation and project management operations have been installed for Amerada Hess, Buckeye pipeline, Colonial Pipeline, Mobile, Chevron to name a few.  For the past few years he has been involved with Biofuel applications using various systems and processes that utilize feed stocks such as soy, chicken fat canola oil and Algae oil.  Experienced in start-ups, fabrication, construction, distribution, sales and marketing.