NEW YORK – Jerome Gentolia has secured a $220 million deal for Indianapolis, Indiana based Green Fuels LLC. This is the fourth bio-fuel project that members of Green Fuels LLC’s management team have been an integral part of, with three key executives having previously served as plant managers for other ethanol and bio-diesel plants.
The deal by Gentolia is in conjunction with a Wall Street based structured project finance company that will serve as investing Collateral Guarantor for Green Fuels and provide a direct contribution of cash-backed banknote instruments as full collateral backing for the complete financing package.
“The Green Fuels management team is sophisticated, experienced, and very successful at choosing, acquiring, permitting, and operating efficient bio-fuel plants. Beyond that, an important factor for us is that their primary feedstock is not used as food for humans or animals, thus not having an adverse impact on growing global food shortage issues, which is a growing concern with some methods of alternative energy production,” said Gentolia.
“It is a business that we choose to be in and are proud to be a part of. America needs more cost-effective energy, reduced air pollutant emissions, and a reduction in the reliance on imported oil,” said a Green Fuels LLC representative of their current plans to build 4 bio-diesel plants in Indiana and 1 in Illinois over the next few years, adding that “as technology changes – which is now rapidly occurring in this industry – new opportunities and methodologies to produce bio-fuels likely will emerge and we are open to pursuing those future possibilities, as well.”
