New Venture to Finance Sorghum-to-Ethanol Projects
A new venture could provide up to $376 million for projects that will turn sweet sorghum into ethanol.
DPG Investments, LLC (DPG) has announced its partnership with EPEC Biofuels Holdings, Inc. (EPEC) to put together a new platform finance company called EPEC Finance, LLC that will fund the manufacture and deployment of EPEC’s proprietary Ethanol Production Units (EPU’s) on select sweet sorghum farms throughout the country:
“Our energy and natural resources team at DPG strongly believes EPEC Biofuels is on its way to becoming a world leader in production and distribution of ethanol, based upon its proprietary processes and proven management team. We are very excited about the future of EPEC and this platform financing joint venture,” said Dan Galvanoni, Chairman of DPG Investments, LLC.
In addition, the new finance joint venture will also serve as a specialty finance and investment company that will seek to provide financing for various strategic acquisitions, partnerships and investments in the renewable energy and biofuels sectors on a global basis. EPEC Finance jointly with EPEC Biofuels will seek to identify such biofuels and alternative energy initiatives that can provide a steady and predictable return on capital investments.
According to EPEC’s Web site, sorghum is 28 times more efficient than corn in producing ethanol. The company also has modular production facilities range in capacity from 500,000 to 3,000,000 gallons per year and produce fuel grade ethanol and valuable by-products.
4 Comments »
Steve Libsack
I represent one of the worlds largest seed breeding companies. I am very interested in visiting with someone regarding how we can combine efforts to help generate more interest in Sorghum, sweet sorghum as well as other enegy crops.
Please contact me at your earliest convenience.
DR SS Rao
Sir,
Congratulations about the new venture on ethanol from sweet sorghum feedstock. The sweet sorghum is short duration grown with far less water than sugarcane and multiple harvests can be done in a year. We at Directorate sorghum research at Hyderabad, India are working on sweet sorghum ethanol technology to produce bioethanol from sweet sorghum juice
warm regards
SS RAO
Principal scientist
Directorate of sorghum research , ICAR, Rajendrangar , Hyderabad , India
ssrao@sorghum.res.in
DR SS Rao
Good news on use of sweet sorghum for biofuel production
ssrao
Energy Recovery Group
This is a first in the field of Sweet Sorghum.
We are located in the Sacramento Valley and have grown SSorghum since 1990 and have proved the feasibility of this crop for both Energy and Food production.
I can verify the potential of Sweet Sorghum to Ethanol however the other components available from this crop may be more valuable than the Ethanol.
Good luck EPEC Biofuels.
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