An amazing little start-up called Xenerga (www.xenerga.com) in the US is experimenting with an innovative business model for bio diesel and is getting a lot of press coverage.
With an investment of $1.95 million for a franchise, which mostly goes to facility construction and installation costs, franchisees are supplied with waste cooking oil to use as a feedstock, a 5-million-gallon-a-year plant and at least one customer lined up to purchase the fuel.
The plants are designed to be smaller in scale than typical biodiesel plants and serve only local markets, making them less expensive to operate. Only a two-person team consisting of a general manager and operator or driver is needed to run the plant, according to the company.
The first plant will open in Orlando in December and the company is planning on 40 more in the U.S.
You have to hand it to entrepreneurs-while big companies talk and talk about alternate sources of energy, here comes an amazing innovative idea out of a start-up.
With an investment of $1.95 million for a franchise, which mostly goes to facility construction and installation costs, franchisees are supplied with waste cooking oil to use as a feedstock, a 5-million-gallon-a-year plant and at least one customer lined up to purchase the fuel.
The plants are designed to be smaller in scale than typical biodiesel plants and serve only local markets, making them less expensive to operate. Only a two-person team consisting of a general manager and operator or driver is needed to run the plant, according to the company.
The first plant will open in Orlando in December and the company is planning on 40 more in the U.S.
You have to hand it to entrepreneurs-while big companies talk and talk about alternate sources of energy, here comes an amazing innovative idea out of a start-up.
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