LAIC Venture Capital announces BioFuel Venture in the Republic of Moldova.

Jan. 19, 2011 - PRLog -- LAIC Venture Capital has formed a Joint Venture with a US Based Biofuels Company for the purpose of developing a small scale bioethanol production facility in the Republic of Moldova near the northern town of Drochia. The project is being sponsored by JSC Seminte Nord, one of the largest and most successful corn seed and grain companies in the Republic of Moldova. The Joint Venture focus is to build highly efficient small scale biofuel production located near feedstocks and optimized to match local markets. The project will take advantage of the largest biofuel production technology while leveraging existing infrastructure, and strategic partnerships with farmers and end users to produce low ethanol, animal feed, and CO2 for both local and EU markets. The nameplate capacity of this facility is 10 MGY (35,000 MT) of bioethanol.

The Joint Venture’s mission is to produce environmentally clean renewable fuels by using agricultural crops to replace imported oil, decrease greenhouse effects, and generate local jobs. The Joint Venture’s initial objective is to commission 10 million gallons per year highly efficient ethanol. The plant is scheduled to be operational in the fourth quarter of 2011.


For More Information:

LAIC Venture Capital
Steven J. Muehler, President
9107 Wilshire Blvd.,
Unit 450
Beverly Hills, California 90210
Steve@LAICVenCap.com
http://www.LAICVenCap.com

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LAIC Venture Capital is an Investment Banking firm making direct investments in the fields of Oil & Natural Gas, Mining & Mineral Rights, Alternative Energy, Bioenergy and Real Estate Ventrues in North and South America.