2010-040 - Laserfiche WebLink

Home Browse Search

SUMMARY OF JOINT VENTURE E FUELS, LLC & PRESERVATION ENERGY, LLC In the past three years , the E Fuels/ Preservation Energy team has focused on renewable energy projects throughout Florida and primarily in Indian River County . E Fuels , LLC and Preservation Energy , LLC were initially invited by NPE to co - bid and provide the feedstock handling / RDF preparation and power generation components respectively to the proposed NPE Florida , LLC ( later INEOS Bio ) ethanol project proposed to Indian River County Solid Waste Disposal District in July 2008 . E Fuels and Preservation Energy ( PE ) have formed a joint Venture ( JV) to further develop commercially viable opportunities and waste conversion technologies through our JV . This proposal constitutes our first formal offering to the SWDD and Indian River County for that purpose . The Hulton Family business was started in 1914 in Philadelphia . The Hultons developed and ran an electric generating facility fueled by coal and oil . In 1980 , Bruce and Walter Hulton converted coal -fired boilers into biomass gasification units . These units were used in the electric generating industry to produce steam for sale and the generation of electricity . As pioneers in gasification technology , the Hultons had the only licensed biomass cogeneration facility inside the Philadelphia city limits at the time . There are five managing members who make up the Preservation Energy , LLC ( " PE " ) team . Members of PE team have worked together to develop energy projects since 2000 under various limited liability corporations to qualify and develop over 3 , 000 megawatts of power in southern Florida . The PE team members have partnered with other development companies such as Calpine Eastern Corporation and Mirant Corporation , the nonregulated development company of Southern Company . Each of the PE team members brings over 20 years of experience in the energy business , including permitting and licensing , engineering , power marketing , equipment procurement , asset management , financial management positions and regulatory compliance . Four of the five members are Florida residents and take a special interest in developing projects that give back to Florida . The PE team spent most of the 80s and 90s doing business in the Florida market , with all of the largest Florida electric utilities ( Florida Power & Light Company , Florida Progress , TECO Energy , City of Tallahassee , City of Vero Beach , to name a few) . Members of the PE team worked for Foster Wheeler (formally Ebasco) and managed the licensing and permitting of over 24 , 000 megawatts in Florida . PE continues to stay current with the Florida market. The team members have also formed Preservation WindPower, LLC ( PWP ) to expand their renewable energy development efforts in wind power , geothermal , solar power and other site -specific opportunities to convert crude oils and paraffin wax based products into biofuels and power. PWP is actively pursuing wind PROPRIETARY AND CONFIDENTIAL Page 19