First Source Bio-Energy LLC

Making biofuels & potable water from invasive water hyacinth in Kenya. Financing by USAID, OPIC & World Bank with a farm project included

  • Stage Product In Development
  • Industry Biotechnology
  • Location Wilmington, NC, USA
  • Currency USD
  • Founded July 2013
  • Employees 3
  • Website oceantech.us

Company Summary

First Source Bio-Energy is raising funds to build a large scale bio-mass to bio-fuel project in on Lake Victoria, Kenya, which will use invasive aquatic weeds as the feedstock. Biofuel sales will be ~ $40 Mil/year. Stage 1 includes a 500-acre farm operation which will produce ~$4 Mil/yr. The project will create 100's of jobs, enhance food security and help the lake environment. World Bank and USAID funding will provide ~80% of the cap-ex.

Team

  • Robert A Welch
    Managing Director FSBE

    BS, MBA, 30+ years experience in industrial chemicals (Air Products, Air Liquide) and new business development in positions up to GM and VP.

  • Aseto Asiyo
    Managing Director FSK

    BS, MS, 25+ years at Sanofi, most recently as Director of Quality Assurance and Compliance for H2N1 Vaccines. Mr. Asiyo will return to his native homeland to direct the FSK program.

  • Bob Welch

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