DPG Investments, EPEC Biofuels Holdings form JV for project financing initiatives in biofuels, renewable energy

In Florida, DPG Investments and EPEC Biofuels Holdings have formed a platform finance company which will provide project financing for EPEC and select financing initiatives in the biofuels and renewable energy sectors. EPEC Finance has been granted the exclusive rights to fund up to $376 million of project financing for EPEC. These funds will be utilized by EPEC for the manufacture and deployment of EPEC’s proprietary Ethanol Production Units on sweet sorghum farms.

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. In addition to the announcement of EPEC Finance, EPEC Biofuels has also announced that Steven Vanechanos has been named to its Board of Directors. Vanechanos will serve as the Chairman of the Board and most recently served on the Board of Governors of the American Stock Exchange.

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