Bio-En Holdings Corp. set to begin trading over-the-counter under the ticker symbol (BENH)
Bio-En Holdings Corp to begin trading today.
- (1888PressRelease) December 18, 2014 - New York - Bio-En Holdings (OTC: BENH) announces today that its common stock is set to begin trading under ticker symbol "BENH".
Bio-En Holdings Corp.is a development stage renewable energy company which owns the license from GeneSyst International, Inc., the leader in gravity pressure vessel technology, to develop a biofuel facility in Malta.
Bio-En Holdings Corp. is in negotiations with Malta Enterprise, the governing body in Malta overseeing design, construction and operations of our facility to convert municipal solid waste and other forms of cellulosic biomass to Ethanol and other biofuels subject to requirements established by Malta Enterprises and the Government of Malta. The Company plans to build the facility on a 55,000 square meter site proposed by Malta and should be fully operational within 18/24 months of project funding. The Malta facility is expected to have an annual production capacity of 23 million US gallons of ethanol when at full production.
The planned facility is designed to be a major GREEN project. It will combine technologies from the waste management industry which will be integrated into the facility's overall waste recycling program, control of carbon dioxide and other emissions and the profitable production of fuel grade ethanol, excess electricity and other biofuels.
The Company plans to derive its revenue from gate fees for Municipal Solid Waste (MSW) brought to the plant, the sale of ethanol or other biofuels, sale of carbon dioxide and the sale of excess electricity to Malta. No off-take contracts have been entered into as of this time.
In addition to these traditional sources of revenue, the Company expects to derive additional revenue from biofuels production subsidies. The European Union ("EU") recognizes that producing biofuel food crops on crop land has considerable cost implications since they are staple foods and need significant subsidies to be converted to biofuels. The price and demand for fuel has contributed to escalating food price inflation over recent years causing serious hardship for poorer populations. The EU is expected to implement a major overhaul of biofuels production subsidies that favor the Company.
Bio-En Holdings Corp. has planned, designed, engineered and prepared agreements to build and operate a facility using Gravity Pressure Vessel technology in Weak Acid Hydrolysis to convert biomass to ethanol, butanol and other biofuels. As of the date of this announcement, no such formal agreements have been finalized.
The Facility will combine technologies solutions from the waste management industry and integrate the recycling of waste, control of carbon dioxide and other emissions, with the profitable production of fuel grade ethanol employing a continuous process.
ABOUT BIO-EN HOLDINGS CORP.
Bio-En Holdings Corp. is a development stage renewable energy company which intends to offer, on a worldwide basis, profitable solutions to environmental problems by the integration and application of proven technologies and methods that deal with waste materials and the processing of biomass to fuel grade ethanol or other biofuels. The Company is focused on the up-to-date use of generally accepted process engineering principles joined with specific patented technology available to it through a license agreement entered into on March 23, 2014 between Bio-En Corp. and GeneSyst International, Inc.
Forward-Looking Safe Harbor Statement
This press release contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. By their nature, forward-looking statements and forecasts involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the near future. For a discussion of these risks and uncertainties, please see our filings with the Securities and Exchange Commission. Our public filings with the SEC are available from commercial document retrieval services and at the website maintained by the SEC at http://www.sec.gov./
For further information, please contact Serena Potash 845 364 7151
info ( @ ) bioenholding dot com
Http/bioenholding.com
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