Carolina Opportunity Funds to help BioEconomy Solutions develop renewable diesel production

February 20, 2020 |

In South Carolina, Carolina Opportunity Funds is pleased to announce that BioEconomy Solutions, a technology leader in sustainable agricultural crops for biofuels, animal feed, and food products such as Tiger Nut flour, as the first investment from the company’s IMPACT Carolina Fund, a Qualified Opportunity Fund designed to provide seed and early-stage financing to Qualified Opportunity Zone Businesses located in North and South Carolina.

BioEconomy Solutions has completed a 10-year agribusiness contract to produce renewable energy crops for the European biofuel market. The company’s planned renewable diesel plant will be located within a Qualified Opportunity Zone located in Georgetown, South Carolina. The new facility will create 200 full-time jobs and is estimated to create another 100 supply chain support jobs. In addition to an “off take” biofuel agreement with the UK, the company has created three vertical markets for its bio-friendly crops demonstrating significant growth potential.

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Category: Fuels

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