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Pennycress Energy Company LLC

We help farmers earn $100/ac of additional profit by growing a winter energy crop thus adding a "Second Shift" to the factory of Agriculture

Company Summary

PEC is in the business of contract farming of a non-food oilseed Energy crop Pennycress. PEC is also deeply involved in research to improve this recently discovered landrace to an organized energy crop. It grows during winters.‘adding a 2nd shift to the factory of agriculture’ Farmers can earn extra profit of $100/acre. PEC processes seed for oil used as raw material for renewable and aviation jet fuel. High protein meal is used for animal feed.

Team

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    Sudhir Seth
    President & CEO

    Sudhir has over 42 years of experience managing businesses as an entrepreneur and as a corporate executive. Sudhir founded Pennycress Energy Company LLC and Arvens Technology, Inc. to develop a ‘Farm to Fuel Pump’ business. He formed collaborative relationships with USDA and Universities to develop Pennycress technology. Sudhir has a B.S. in Electrical Engineering from Indian Institute of Technology and MBA from State University of New York.

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    Serin Rao
    Advisor

    Serin offers more than 37 years of industrial and regulatory experience in manufacturing, environmental, health and safety and in building environmentally and energy friendly plants. He has successfully worked in management positions at Evonik, a global chemical manufacturer. He has extensive experience in Environmental and Regulatory compliance areas working with EPA and other government organizations.

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    Kevin Weidner
    Regional Director Ag (South)

    Kevin is a 5th generation farmer based in Southern Illinois. He is responsible for co-coordinating the farming operations in Southern Illinois. He himself plants about 1500 acres with Corn and Soybean and is a very enthusiastic Pennycress grower himself.

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    Raymond Gillen
    Regional Director Ag (West)

    Ray is a 4th generation farmer based in Western Illinois. He is responsible for co-coordinating the farming operations in Western Illinois He himself plants more than 1200 acres with corn and soybean and is a very knowledgeable backer of Pennycress program.

Advisors

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    Vijay Kamatar, Bloomington IL
    Accountant
    Unconfirmed

Previous Investors

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    $550k in non-dilutive grant (SBIR) funding from USDA
    Unconfirmed
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    $200k in personal capital
    Unconfirmed