Clean Energy and Power to launch non-food biofuel division
In Rhode Island, Clean Energy and Power announced that management has decided to launch a new division focusing on renewable energy developed from non-edible feedstock. This decision comes after several months of reviewing the various bio fuel opportunities and market demands.
In the coming days, the Company will be announcing its selection of the feedstock and the agreement with a strategic partner that will help lead our entry into this high growth, high profit market segment. Dennis Shen, President of Clean Energy and Power, said today, “My earlier experience in developing an economical method for generating bio fuel from Algae at Biocentric Algae, has led me to continue my research into non-edible feedstock that will be even more economical than algae and yield greater amounts of bio fuel over shorter periods of time. Therefore while the company continues to build out its Eastern European solar projects, our plan is to launch this new renewable bio fuel division that will generate a new sustainable revenue model.”
Category: Fuels
