Alternative Energy Biodiesel Provider Fog Fuels Announces $3 Million
Investment by the Beverly Wilshire Group
Clean Tech biodiesel innovator Fogfuels today announced the acceptance of a $3 million growth investment by the Los Angeles based Beverly Wilshire Group
Los Angeles, CA and Atlanta, GA - April 29, 2014 - Innovative cleantech company FogFuels today announced the acceptance of a $3 million growth term sheet from the Los Angeles based Beverly Wilshire Group Inc., The company, which provides biodiesel from industrial trap grease, helps its clients such as municipalities and the military turn brown and yellow grease into B100 biodiesel. FogFuels plans to use this funding for expansion and growth, including building its team, advancing strong partner relationships and advancing its patented processor technology infrastructure around the world. The investment comes at a pivotal point of growth for the company, as the biofuel industry continues to embrace new opportunities to integrate and optimize biodiesel production and remediation activities across all vertical channels. As a result, FogFuels has seen a remarkable surge in demand for its core manufacturing to turn a problematic commodity into a sustainable renewable fuel source that the world is embracing every day.
FogFuels combines its deep understanding of renewable energy such as biodiesel production along with its strong patented technology capabilities into large scale municipal settings and military installations to create potential future success. The integration of a sustainable commodity along with a "state of the art" processor has helped municipal leaders quickly and easily understand how taking a waste stream product like industrial trap grease that literally costs the United States billions of dollars a year to maintain and treat and then to turn that into a productive and useful revenue source is valuable. Some of the most prominent cities around the world have reached out to FogFuels in an attempt to bring this innovator to their own communities. "We are very proud of what FogFuels has accomplished," said a spokesperson for FogFuels "We continue to see tremendous momentum and furthermore, we have identified a number of opportunities to expand our patented processor footprint. We are excited to partner with the Beverly Wilshire Group to help us scale our growth, particularly given their national and international expertise in alternative energy and logistics."
"Beverly Wilshire Group is thrilled to be partnering with Russell Ivy and the outstanding team at FogFuels," said Claudia Della Mora, a Partner in the alternative energy division at the Beverly Wilshire Group. "FogFuels is working hard to provide answers to some of the most critical questions for any municipality: How much should we spend, through which vendor, and what results should we expect to deal with this epidemic of waste remediation and control. Given the team's deep expertise and experience working with some of the largest municipalities in the world, FogFuels is uniquely positioned to provide thought and execution leadership to both municipalities and military alike."
About Beverly Wilshire Group
Beverly Wilshire Group, Inc. is a full service investment advisory firm which also offers strategic corporate structure for companies seeking investment for growth and research and development. We serve the needs of private and public companies worldwide, as well as individual and institutional investors. Because of Beverly Wilshire Group, Inc.'s vast relationships globally we have been able to bridge relationships with investors into the most attractive projects available. We are leaders in building the company's brand while increasing added value for both the investor as well as the project. Over the past twenty five years we have been able to utilize our resources in a way that no other firm has been able to. We have an international reach with investment banking experience worldwide, while our corporate office located in Los Angeles, California provides full access to all financial markets. Our professional investment advisors have the experience and resources to help clients achieve their financial goals through solid investments that include an array of proprietary and third party products.
About FogFuels Inc.,
FOGFUELS™ produces biodiesel from FOG (Fats, Oils and Grease) that frequently make their way into residential and industrial waste streams and are a documented source of Sanitary Sewer System (SSO) overflows. SSOs cost hundreds of millions of dollar annually in remediation efforts, fines from regulatory authorities and in the US; sicken more than 2 million people each year. When disposed of improperly, FOG plugs sewer lines, and even when disposed of by approved methods, this resource typically ends up as landfill waste. A growing population puts increasing pressure on aging infrastructure, making FOG a real problem in many municipalities. Based in Atlanta, GA., we work with stakeholders, regulatory authorities and end-users to deliver end-to-end solutions to a growing and costly global environmental problem.
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