Ethanol 2.0 pioneer receives $1 million investment

Strategic investor company Intercore Energy has announced a $1 million (€794,000) equity investment into Epec Biofuels Holdings to advance the commercialisation of ethanol 2.0 in the US.

Epec has positioned itself as a pioneer of bringing ethanol 2.0 to commercial reality since late 2011 and this investment is part of a bigger approximately $1.25 million financing plan proposed by Epec.

‘We strongly believe that the country needs to move forward in creative ways to develop significant domestic energy resources, especially those that have positive societal and environmental impacts,’ says Intercore CEO James Groelinger.

Groelinger also added that the potential of sweet sorghum as an advanced biofuel feedstock is vast and largely untapped, and that Epec is well-positioned to take capitalise on that potential: ‘The opportunity to acquire a significant stake in Epec fits well as the initial investment supports our strategic shift into the clean energy space.’

‘We believe sweet sorghum has the potential to become the American equivalent of Brazilian sugarcane,’ says Epec executive chairman Steve Vanechanos. ‘Yet it is currently vastly under-appreciated and severely under-resourced. This situation offers an opportunity for us to provide leadership, management and capital access across the emerging supply chain, guiding it to commercial fruition.’