Aventura Equities Aquires Majority Stake in Renewed World Energies
Renewed World Energies has found a new investor in Aventura Equities who just recently agreed to purchase a majority stake in this South Carolina algae firm. From the press release:
Aventura Equities, Inc. (PINKSHEETS: AVNE) has agreed to acquire a majority interest in Renewed World Energies, Inc. of Georgetown, South Carolina, thereby shifting its focus to the alternative energy sector in a very significant corporate move.
Renewed World Energies, Inc. (“RWE”) is launching the world’s first commercially-viable, closed system, automated microalgae production facility. RWE’s efforts are pioneering a new era of mass adoption of bio-fuel. Over the past six years, Tim Tompkins and Richard Armstrong, RWE’s principals, have developed a scalable closed system bioreactor that not only grows algae but will make RWE the low cost vertically integrated harvester and extractor of oil from microalgae, as well. RWE’s proprietary process has been engineered to utilize carbon via Flue Gas or bottled CO2 but foster a new approach to reducing industrial greenhouse gas emissions by capturing such emissions as an input to its bio-reactor.
In the short term, RWE’s mission is to be the leader in the manufacturing and sale of algae oil and a lead supplier of products and services associated with such manufacturing and sales. As evidence, RWE has recently announced a Joint Venture project with Bio-Centric Energy Holdings, Inc. RWE intends to begin offering algae products that range from algae cake for livestock feed to raw materials for use in the pharmaceutical, natural food and cosmetics industries. Longer term, RWE intends to continue its research related to the discovery of many other profitable and viable uses of RWE’s core technology, including the cost effective production of commercial quantities of “green fuel.”
For more on Renewed World Energies’ bioreactor technology, check out this press release.
