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Our Development Plan is guided by a 3 phase roll-out process. We are currently in Phase 1 (not for proft), the Demonstration Phase. We have formed an initial Hybrid Co-Operative with 50 Producer/Members. These Farmers are growing a variety of Feedstocks that we harvest and use to produce our Bio-Crude and Bio-Coal. This phase has been funded by the Virginia Tobacco Commission.
In Phase 2 of the project we will move into initial commercialization. During this Phase we will expand our network of producers, creating new Hybrid Co-Operatives. Phase 2 will be partially funded by seed-investment from CIT (State of Virginia, Center for Innovative Technology). We will also secure a 2nd round of investment, and begin to work with the companies that will ultimately purchase our Bio-Crude and Bio-Coal products.
In Phase 3 we will move into advanced commercialization, enlisting new producers and customers.
We believe that this controlled growth schedule is vital to our success, enabling us to control growth and to ensure the quality of our processes, our business model and our products
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