Renew Energy Resources (REER)

Renew Energy Resources, Inc. (OTC: REER) is an alternative energy development company focused on converting non food based feed stocks into renewable energy. Non food based feed stocks include waste vegetable oil, corn oil, brown grease, animal fats, recycled plastics, and discarded tires. Renew is focusing on plants that are both origination and destination based. “Origination” plants are built near the feed stock source whereas “destination” plants are built near the point of use. Having a plant that functions as both an origination and destination plant simplifies logistics and creates a competitive market advantage in pricing and improved operating margins. Renew vertically integrates renewable energy markets such as biodiesel, ethanol, solar and wind. Vertical integration will include facility ownership as well as facility management, off take contracts for the primary product produced, value added refinement of derivative products, distribution, sales, marketing and financing of export sales contracts. Management functions will include, marketing the fuels and other bi-products, maintaining a trained operational staff, OSHA compliance, quality control and all accounting functions. In return for the above functions Renew Energy, retains an equity ownership position in each project.

Renew’s business strategy is to integrate the procurement, production, financing and off-take of waste vegetable oil-based biodiesel for domestic distribution. While the supply of waste vegetable oil and brown grease is not sufficient in agriculture producing areas of the U.S. (established rural locations for ethanol and biodiesel production facilities), large metropolitan areas do have sufficient quantities. Utilizing better process technology and test equipment, Renew can produce quality ASTM biodiesel from waste oils and grease.

Renew has assembled an experienced team with a proven track record in finance and large scale renewable energy projects. The company develops small scale market centered plants anchored by partnerships with key feedstock suppliers.

Renew believes that long-term sustainable supplier-consumer relationships are best insulated from volatile pricing by vertically integrating production and distribution assets. Vertical integration includes facility ownership as well as facility management, off-take contracts for the primary product, value-added refinement of derivative products, distribution, marketing and project financing. To date, Renew has commenced development projects in biodiesel, ethanol, and discarded tire markets.

Legacy Bio-Fuels

New Subsidiary to Pursue Waste Vegetable Oil Bio-Diesel Opportunities in Northeast

Renew’s wholly owned subsidiary, Legacy Bio-Fuels, was formed to pursue opportunities for a vertically integrated waste vegetable oil facility in the Northeast. The Company’s business plan has been to identify opportunities by which the Company can facilitate Bio-Diesel production by integrating the financial risk between Feedstock, Production, and Sales. The Company has identified and is currently in negotiations with highly strategic groups focused on accomplishing this goal. The launching of a new subsidiary is the next logical step in the process creating an operating subsidiary by which the company can move forward in the Northeast.

Alternative Fuels Renewable Energies Council

Renew announced in early September that the company has joined The Alternative Fuels Renewable Energies Council, “AFREC”.

Al Ringhoffer, President of AFREC, commented, “We are pleased to welcome Renew Energy Resources, Inc. as our newest President’s Circle member to AFREC. Renew’s commitment and reputation for advancing energy initiatives and economic growth is well known and respected. In a leadership position, Renew will help provide the guidance for identifying situations where alternative fuel technologies and renewable energies can be applied immediately. Most importantly, Renew’s innovative business model will help us move closer to energy independence and provide a much safer environment. We believe AFREC is one of the most highly recognized energy groups, and we are glad that Renew Energy Resources, Inc. is part of it.”

Alex H. Edwards III, Renew Energy Resources CEO stated, “We are excited to be a part of this diverse group of companies which are focused on the delivery of Alternative Fuels and Renewable Energy. In keeping with our Business Plan, this council serves as a forum for partnership opportunities which we believe will be integral to executing our long term vision of right sized, well located, vertically integrated energy production.”

Products

• Biodiesel – An environmentally superior alternative to petroleum diesel, biodiesel fuels can be used in any diesel engine and as home heating oil.

 

• Ethanol – Sweet Sorghum – Unlike US based ethanol companies that are subject to the volatile corn-commodities market, Renew is focusing on ethanol produced from crops that do not compete with the food chain and that can be vertically integrated by Renew from planting and harvest to production and distribution.

 

• Carbon Black/Natural Gas/No. 2 Diesel/Steel – Scrap Tires – Utilizing cutting edge technology, Zero Carbon LLC, a Renew affiliated company, has taken a leading position in the development and construction of the first of its kind tire recycling system in the U.S. The system uses a patented microwave process to break tires down into four fully recyclable components.

Services

• Distribution Renew knows the biofuels industry and is poised to execute off-take contract between producers and retail distributors.

 

• New project management – Renew’s management team is unique in the industry for its experience in building, running and financing renewable energy businesses. We apply this expertise to every company and project we undertake to be sure they are profitable, efficient and ecologically sound.

 

• Existing facilities consulting – Demand for our technical expertise is high and we advise and consult with existing renewable energy facilities.

 

• Financing – Renew’s management team has the financial expertise and resources to properly structure and fund our businesses and projects.

The Doe Fund

Renew Energy Resources, Inc. and The Doe Fund, Inc (“TDF”) announced in mid-September that they have partnered in Legacy Oil, a Renew Subsidiary, to bring a comprehensive Bio-Diesel conversion solution to New York City. Legacy will capitalize on Renew’s expertise in the Bio-Diesel industry and TDF’s ability to collect and deliver waste cooking oil and trap grease with constant quantity, quality and price through its RWA Resource Recovery program.

Alex Edwards of Renew Energy Resources

Mr. Edwards discussed the newly announced deal with The Doe Fund to Produce Bio-Diesel in New York City.

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Renew and TDF are dedicated to pursuing Bio-Diesel production that will help NYC achieve its goal of increased utilization of Renewable Energy and improving the quality of life for all New Yorkers. Our solution consists of a vertically integrated program that combines the best practices of waste cooking oil and trap grease collection, with the development and operation of a Bio-Diesel conversion facility with a 5 million gallon annual capacity.

TDF will also take an equity stake in Legacy.

The Doe Fund

The Doe Fund is a not-for-profit organization dedicated to offering life-changing opportunities to formerly homeless and formerly incarcerated individuals through paid work, transitional housing, and comprehensive support services. The “men in blue” of its flagship Ready, Willing & Able program can be seen 7 days a week, 365 days a year, cleaning more than 160 miles of New York City streets and sidewalks. The Doe Fund also operates several innovative ventures in social entrepreneurship, such as RWA Resource Recovery, which collects used cooking oil from New York restaurants and resells that oil for conversion into environmentally friendly Bio-Diesel fuel; Pest@Rest, an integrated pest management business; and Back Office of New York, which handles direct mail, data processing and letter shop services for small and large businesses. These initiatives are staffed primarily by Ready, Willing & Able participants. The Doe Fund’s website is located at www.doe.org.

Management

Alex Edwards III, Chief Executive Officer

CEO Alex Edwards leads Renew’s corporate strategy to vertically integrate renewable energy markets. Renew is actively evaluating multiple renewable energy projects and Edwards brings strong leadership, marketing and executive experience to spearhead these efforts.

Prior to joining Renew on January 21, 2008, Edwards served as Managing Partner of Trident Consulting Partners, a private consulting firm specializing in executive leadership and structured finance for micro-cap companies. Mr. Edwards has served in multiple executive leadership roles and on numerous Boards of Directors including: Nanobac Pharmaceuticals, NanoChemical Systems Holdings, 360 Partners, 360 Energy, and American Enterprise Corporation. From 1997 to 2002, Edwards was an executive at SRI/Surgical Express, where he was vice-president, general manager, and ultimately, President. Mr. Edwards served as an officer in the United States Navy in Norfolk, Virginia and is a 1987 graduate of the United States Naval Academy.

Jim Blair, Chief Operating Officer

Prior to joining Renew in May, 2008, Jim Blair led the planning, organization and construction of Freedom Fuels, a 30 million gallon per year biodiesel facility, in Mason City, Iowa. In addition to Freedom Fuels, Mr. Blair also led the planning, design, organization, and construction for another 30 million gallon per year integrated renewable fuels facilities in Albert Lea, Minnesota.

Besides planning and constructing biodiesel projects, Mr. Blair brings plant operational management experience to renewable energy production. The wide scope of Mr. Blair’s expertise ranges from site location and process engineering to feedstock procurement, cost controlling, and safety training. He is now planning his third biodiesel plant with Renew Energy Resources. Mr. Blair is a graduate of Macalester College, majoring in economics, business with a concentration in accounting. He received an advanced degree from the University of Wisconsin- LaCrosse in Business Administration.

Mike LoCascio, Chief Technical Officer

Mike LoCascio has been Renew Energy Resources’ Chief Technical Officer and Project Manager since January 2008. His prior experience includes development and management of a 30 million gallon per year continuous flow bio-diesel plant. From 2000 – 2005, Mr. LoCascio served as the head of ethanol project design and sales for US Water Services, the largest supplier of water-processing equipment, chemicals and services to the dry mill ethanol industry. He is a certified water technologist.

Mr. LoCascio also leads Renew’s international sales activities including (but not limited to) exports to Europe, a sweet sorghum ethanol and biomass project in Peru, and development work in the Dominican Republic. Mr. LoCascio served five years active duty in the United States Marine Corp. He is an instrument rated private pilot and is a graduate of Iowa State University with a BS in Nuclear Engineering.

Stephen Steckel, Chief Financial Officer

CFO, corporate treasurer and secretary, Stephen Steckel brings 20 years of banking and finance experience to Renew. Before joining Renew in March, 2008, Steckel spent 10 years in the Cleveland commercial banking market first with National City Bank, where he was the manager of the Special Credits Department, and later at KeyBank where he managed bank relations with underperforming small and middle-market companies in the Cleveland market.

Mr. Steckel also has extensive experience structuring debt financing for non- traditional borrowers. In Pittsburgh he built a community lending organization and matched local charitable funds with federal community development grants and SBA guaranteed loans. The organization, the Community Loan Fund of Southwestern PA, increased its net worth from $30,000 to $3MM in less than three years. Mr. Steckel spent the first 10 years of his career working as a credit analyst and capital markets trader for financial institutions in New York, Tokyo and Los Angeles. He has held positions at Mitsubishi Trust, Cantor Fitzgerald Securities, and Weil, Gotshal & Manges. Mr. Steckel has an MBA in finance from the University of Wisconsin-Madison, and a BA in International Studies from the Johns Hopkins University and is conversant in Japanese.

Contact Info:

Renew Energy Resources, Inc.

5025 W Lemon St., Suite 200
Tampa, FL 33609

 

Phone:

(813) 637-2233

 

Email:

ssteckel@renewenergy.com – Stephen Steckel, Chief Financial Officer

 

Website:

www.renewenergy.com

 

Investor Relations:

Redwood Consultants, LLC
250 Bel Marin Keys Blvd., Bldg. A-1
Novato, CA 94949

Phone:

(415) 884-0348

Fax:

(415) 884-0361

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