Then and Now: 120 Bioeconomy Pioneers look at yesterday, today, inspirations and challenges

Steven Rosendorff

Then: I was involved in strategic consulting to some of the worlds largest mining and manufacturing companies, spanning six continents, from a base in Cape Town, South Africa.

Now: Infinity Energy www.infinityenergy.ca privately owned Canadian Aboriginal GREENX2TM Renewable Energy Company negotiating financing for construction, commissioning & operations of self-contained, profitable & environmentally friendly Biofuel refineries in Bruderheim & Vegreville, Alberta’s Industrial Heartland – Canada’s largest hydrocarbon processing region. A 3-6-year plan includes 2 Biofuel refineries, producing 1,47 Billion Litres p.a. (36,750 Barrels p.d.) biodiesel & biofuel for commercial aircraft jet engine application. It will be the 3rd largest in the world after Phase 1 & the largest in the world after Phase 3. Our Biofuel operations are at the forefront of Renewable Energy technology in Canada. The plants are built to ISO9000 & BQ-9000® accredited standards. Less than 10% of Biofuel plants have been built to this standard. Robust, scalable growth, profitable Phases supporting investor returns & strong profitability & cashflow generation are hallmarks of this project.

Inspirations: As the global trend towards renewable energy increases at a rapid rate, Infinity Energy is well positioned to take advantage of this trend, and in so doing make a positive contribution to the Canadian economy. The Infinity Energy refining operations will contribute significantly to the upliftment and sustainability of the two affected towns, Bruderheim and Vegreville, Alberta, and surrounding areas. Not only will we be producing renewable energy, and thus contributing to the reduction in the use of fossil fuels, but we will be making employment available to many in an already depressed economy.

Challenges: We feel there is still a degree of market scepticism due to the previous generation of biofuel plants that failed, as their model was built upon government subsidies, and not economics. When the subsidies were withdrawn, these entities could not sustain themselves economically, and subsequently ceased to operate and exist.