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
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.