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RAVEN
BIOFUELS INTL CORP. (OTCBB: RVBF)
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Dear Reader,
With the recent Senate passage of the Renewable Energy Tax Credit Extension
authorizing $400 million for clean renewable energy bonds, I think it's
safe to say the 'Green' revolution
is in full swing and the U.S. and all the industrialized countries are
dedicated to changing the way all of us live and do business. But it's
not only the Exxon's of the world that will be catalysts of that change,
because it's a grass-roots revolution (if you'll forgive the pun) and small
cap companies are the foundation.
Ethanol is a key component in the Global energy equation. Without
it, gas prices will spike even higher! Every major developed country has
a legislated mandate to blend between 5% to 15% of their transportation
fuels within 5 years. The global ethenol market is a multi-billion
dollar opportunity. In the U.S., 100% of the production of ethanol
is commodity based (corn) and the global market consensus is that this
has to change. Countries like China are banning or phasing out (Europe)
or just distancing themselves (U.S.) from making fuels that compete with
food.
There is one logical solution; cellulose based (wood, agricultural
waste, municipal solid wastes, etc.) ethanol production. The problem is
that no commercial production exists to fill the massive global demand.
However the U.S. has recently announced $17 billion in funding for
cellulosic biofuels technologies (read NY Times
Article HERE)
Today's featured company, Raven Biofuels International
(OTCBB: RVBF) is in the process of merging with Pure
Energy Corp (see the news release below) and the result
will be a small cap powerhouse in the renewable energy industry.
We think you'll find this pure play renewable energy company both intriguing
and timely.
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About Raven Biofuels |
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Raven Biofuels International (OTCBB: RVBF) ("Raven""RVBF")
and its technology partners have been leading the charge to develop technologies
and processes that will transform cellulosic waste biomass into renewable
fuels. To date Raven has achieved the following milestones:
- $24,000,000 invested in R&D.
- 9 US patents in three principle areas;
process patents for separating sugars to make ethanol and high value chemicals,
fuel additives and diesel fuel mixtures.
- 17 International Patents Granted including
Europe, Japan, China, India.
- Extensive independent testing of technology
since 1997 with conclusively positive results.
- The technology that Raven has chosen
to commercialize is based on Acid Hydrolysis and further proprietary technology
which can produce high value specialty chemicals from agriculture waste
products, hence reducing the production cost of ethanol below $1.00 per
gallon.
Raven's technology is based on a two stage dilutive acid hydrolysis process.
It essentially works by breaking down bio matter, such as wood chips, corn
stover, and sugarcane bagasse into primary sugar streams that are then
converted into a suite of chemicals including ethanol. Raven management
believes this technology is superior to other cellulosic production methods
in use today.
Raven Biofuels may well be at the forefront
of this emerging multi-billion dollar industry. As this industry evolves,
several billion dollar companies will likely emerge from this space. The
successful participant need only capture a tiny fraction of the addressable
market in the U.S.
Management at RVBF believes that four key factors play significantly
into the timing of the Company's acquisiton of Pure Energy Corp. and the
ramp up of Raven's growth strategy into renewables:
1.
Energy Security
2.
Climate Change
3.
Highest Environmental Awareness in History
4.
$100+ Oil
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The Renewable Energy Market |
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Management at RVBF is also confident that Raven is one of
a few companies globally that is ready go into commercial scale production
of cellulosic biofuels (ethanol) and Raven’s addressable market in the
U.S. exceeds $100 billion annually. Raven only needs to own a fraction
of 1% of its addressable market in the U.S. to become a mid-cap stock.
RVBF's technology is deployable globally and Raven currently trades between
2x and 10x under its comparable companies. This makes RVBF an undervalued,
recession-proof opportunity. |
The 'Renewable Energy' market is diverse. Windfarms in texas, private
equity firms like Altira pumping monies into micro and small-cap stocks,
Public Utilities partnering with companies of every size and sectors of
the general energy industry turning green like Specialty Chemicals and
Diversified Utilities companies like CMS ENERGY (NYSE: CMS). Even in the
fund market: two years ago, Kleiner Perkins announced the creation of its
first green-tech investment fund.
Can non food-based Biofuels reduce
or eliminate our dependence on foreign oil? Vinod Khosla, founder
and managing partner of Khosla Ventures had this to say,"Oil would
have a hard time competing if non food-based fuel technologies were scaled
properly." >
  |
Watch CNBC's Becky Quick in this
intriguing interview with Mr. Khosla at the Fortune Brainstorm Green Conference
- Click HERE |
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U.S. President, George Bush, announced a proposed mandate for 35 billion
gallons of ethanol by 2017. Studies, however, say the maximum U.S. production
of ethanol from corn starch is 15 billion gallons per year. This
implies a mandated production of some 20 billion gallons per year of cellulosic
ethanol by 2017. Fortunately the United States has abundant agricultural
and forest resources that can be converted into biofuels. Recent studies
by the U.S. Department of Energy (DOE) suggest these resources can be used
to produce enough ethanol – 60 billion gallons/year – to displace about
30% of our current gasoline consumption by 2030. (Source:
NREL; Innovation for Our Energy Future)
The U.S. recently announced $17 billion
in funding for cellulosic biofuels companies
and is now distancing itself from any crop-based
biofuel production.
To read and article on this funding,
click below
<Click
HERE
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The energy market is $6 trillion
To underscore how little is being done at the
federal level, the government funding in U.S. research and development
on renewable energy was less than $1 billion last year, while oil giant
Exxon makes $1.1 billion in revenue a day.
There are however 'issues' within
the renewable
energy sector that have been coming
to the forefront:
What's the best way to go? Corn
for the people or corn for the pump?
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... first, let's look at RVBFs choice of Cellulose
biofuels ...
RVBF's EXPERTISE
Cellulose Biofuels Facts
Occurring at a volume of some 700 billion tons, cellulose is the earth’s
most widespread natural organic chemical and, thus, highly important as
a biorenewable resource. But even out of the 40 billion tons nature renews
every year, only 0.1 billion tons are used as feedstock for further processing.
- Reduces GHG’s (Green House Gases) by 80-90%
- Contains up to 16x more energy than it takes to
create it vs 5x for gasoline and a dismal 1.3x for corn
- U.S. has 1.3B tonnes of biomass that could be
converted to fuel annually
- There is enough available biomass in the U.S.
to replace up to 30% of the transportation fuel consumed=43.5 B/gal=$100B+
market
- There is currently NO cellulosic biofuel production
in the U.S.
- Crop based biofuels (corn) are being phased out
and banned in some countries = cellulosic biofuels will dominate this industry
globally
There are various ways to produce ethanol based on cellulosic waste. The
NREL report June 2002 “Lignocellulosic Biomass to Ethanol Process” calculates
that by using acid hydrolysis the cost of ethanol can be brought down to
around $ 1.17 per gallon.
Technology has advance significantly in the past five years since this
report was completed. Raven believes that it can deliver fuel grade ethanol
at under $.60 per gallon, but uses a $1.00 cost in business modeling to
be conservative.
In addition, corn-based ethanol is more polluting because farmers use
petroleum-based fertilizer and tractors that consume gas. Researchers from
MIT who recently tackled the debate found that corn ethanol requires almost
the same amount of fuel as required by gasoline. (Source:
Press Release Nancy Stauffer, MIT Laboratory for Energy and the Environment
January 8, 2007)
The Biomass Supply
Biomass Feedstock Basics
(Source: DOE)
Cellulose and hemicellulose, two of the three main components
of the great bulk of biomass resources, are polymers of sugars and can
be broken down to those component sugars for fermentation or other processing
to ethanol and other valuable fuels and chemicals.
Biomass includes all plant and plant-derived material
— essentially all energy originally captured by photosynthesis. This means
that biomass is a fully renewable resource and that its use for biomass-derived
fuels, power, chemicals, materials, or other products essentially generates
no net greenhouse gas. (You must consider any fossil-fuel use to grow,
collect, and convert the biomass in a full life-cycle analysis, but the
carbon dioxide released when biomass is burned is balanced by the carbon
dioxide captured when the biomass is grown.) Its production and use will
also generally be domestic, so it has substantial environmental, economic,
and security benefits.
Biomass is already making key contributions today. It
has surpassed hydro-electric power as the largest domestic source of renewable
energy. Biomass currently supplies over 3% of the U.S. total energy consumption
— mostly through industrial heat and steam production by the pulp and paper
industry and electrical generation with forest industry residues and municipal
solid waste (MSW). Of growing importance are biomass-derived ethanol and
biodiesel which provide the only renewable alternative liquid fuel for
transportation, a sector that strongly relies on imported oil.
In addition to today's uses of biomass, and historic ones
for food, shelter, and clothing, there is significant potential for new
biomass feedstocks to dramatically expand the use of biomass in order to
continue to reduce our reliance on fossil fuels. The first feedstocks for
this "new" biomass might come from opportunities with particular industrial
residues, but beyond that, large-scale expansion of biomass is expected
to come from forestry and agricultural residues. The latter includes cellulosic
stalks, leaves, husks, and straw in addition to the starchy grains and
oily seeds currently used. In the longer term, the biomass industry could
support dedicated energy crops specifically grown for energy use.
     
THE DEMAND FOR ETHANOL
The demand for ethanol in the United States
has been growing at an average rate of 17% per year since 1998
and exceeded 7.0 billion gallons in 2007.
U.S. demand will continue to grow based on the following factors:
MTBE phase-out:
Ethanol is direct replacement for MTBE additives in gasoline. 17 states
have banned MTBE and more continue to follow.
State Mandates:
More than 20 states mandate the use of ethanol in transportation fuel for
environmental benefits.
Federal Mandates: The Energy Policy Act mandates the use of 8 billion gallons of ethanol
by 2012.
Responses to Global Warming:
Use of ethanol reduces greenhouse gas emissions specifically CO2 generation.
Flexible Fuel Vehicles:
There are 4 million flex-fuel vehicles in the U.S. today with 2 million
being added each year. These vehicles can burn any blend of ethanol and
gasoline up to 85% ethanol (E85).
Other uses: Blending
10% ethanol with diesel and bio-diesel is a growing trend to improve diesel
fuel performance.
Corn Ethanol Issues
Consumers and governments throughout the world are finally beginning
to embrace clean technologies. However, some of these solutions may not
be as green or as economically viable as first assumed.
Corn-based ethanol, for example, comes with many problems unforeseen
by early adopters. In an exhaustive recent report, the non-profit consumer
organization, Food and Water Watch, warned that using massive tracts of
farmland to grow corn for ethanol does not make economic or environmental
sense. The production cost of a gallon of corn based ethanol is around
$1.50. This based on the report: Congressional Research Service: Agriculture-Based
Renewable Energy Production, January 2007, pages CRS -10, adjustment for
higher corn prices July 2007.
In fact, corn prices have more than doubled in the past year as the
US government has offered millions of dollars in incentives to boost ethanol
production. Because the production of corn for ethanol competes with the
production of corn for food, the effects of this movement are unknown and,
in fact, highly controversial. What’s more, because feedstock accounts
for between 50 - 80% of biofuel production costs, every dollar increase
in the price of a bushel of corn raises production costs by $0.35 per gallon
(Source: The McKinsey Quarterly: Betting on Biofuels,
2007)
     
Cellulose (agricultural waste, wood waste etc.), on the other hand,
is the main input for cellulosic ethanol. It cannot be digested by humans
and therefore does not compete with the production of food. It is readily
available and very inexpensive, as it is waste. In the U.S. Department
of Agriculture’s (USDA) report Biomass as Feedstock for a Bioenergy and
Bioproducts Industry: The Technical Feasibility of a Billion-Ton Supply,
it concludes that the United States has enough cellulosic biomass “to produce
biofuels to meet more than one-third of the current demand for transportation
fuels”. This is the future of the energy sector.
The production of cellulosic ethanol is far more efficient than its
corn-based counterpart. The price per ton of the raw material using cellulose
is much cheaper than grains or fruits. As cellulose is the main component
of plants, the whole plant can be harvested. This results in much better
yields per acre—up to ten tons, instead of four or five tons for the best
crops of grain.
A second major consideration in the comparison of corn to cellulosic
ethanol is that corn-based ethanol may really not be much greener than
reformulated gasoline. A US Department of Energy study conducted by
Argonne Laboratories at the University of Chicago found that starch-based
ethanol reduces greenhouse gas emissions (GHG) by 18 - 29% of reformulated
gasoline. The same study found that cellulosic ethanol reduces GHG by 85%
over gasoline.
Corn is not the future of U.S. ethanol:
DOE
Mar 28, 2007
By Timothy Gardner
NEW YORK (Reuters) - New technology to make ethanol from crops
such as grasses and trees instead of corn could ease price spikes of the
grain within a decade, a U.S. Energy Department official said on Wednesday.
“I’m not going to predict what the price of corn is going to do, but
I will tell you the future of biofuels is not based on corn.” U.S.
Deputy Energy Secretary Clay Sell said in an interview.
Output of U.S. ethanol, which is mostly made from corn, is expected
to jump in 2007 from 5.6 billion gallons per year to 8 billion GPY as nearly
80 bio-refineries sprout up.
Why Cellulosic
Ethanol is Best
Andy Karsner, from the US Department of Energy, recently said that although
the US Government currently supports the use of corn ethanol it is only
because it is “a necessary precursor to the larger scaling of ethanol and
alternative fuels in general”. He predicts that cellulosic ethanol will
replace corn-based ethanol by 2012.
The following links may provide further understanding of the renewable
fuels industry. These organizations have completed extensive research on
our industry’s products and present an educated viewpoint for all interested
parties.
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...
other Publicly Traded Companies in the renewable energy markets ...
Pacific Ethanol, Inc. (Nasdaq: PEIX)
Archer Daniels Midland Company (NYSE: ADM)
Aventine Renewable Energy Holdings, Inc. (NYSE:AVR)
BlueFire Ethanol Fuels, Inc. (OTC: BFRE)
Verenium Corporation (Nasdaq: VRNM)
AE Biofuels, Inc. (OTCBB:AEBF)
Renewable Energy Resources, Inc. (OTCBB: RENW)
Green Energy Holding Corp. (OTCBB: GEYO)
Green Plains Renewable Energy Inc. (NASDAQ: GPRE)
Global Green Corp (OTCBB: GGRN)
Verasun Energy Corp (NYSE: VSE)
Altair Corp (OTCBB: ALTI)
(please note, there are hundreds
of private companies in the renewable energy sector like AEE Solar and
Mainstream Energy Corp
that are in the process of M&A
transactions, shepherded by venture capital and private funds, or are in
the process of becoming listed on an exchange)
RAVEN BIOFUELS TECHNOLOGY
Cellulosic Ethanol
While many companies have attempted to produce ethanol from cellulosic
(non-corn) waste feedstocks during the past 10 years, Raven has a proven
technology that can successfully produce fuel-grade ethanol in commercial
quantities. The process is known as “two-stage dilute acid hydrolysis.”
Raven’s proprietary process works by breaking down biomass (agricultural
waste products such as wood chips, corn stover and sugarcane bagasse) into
three primary streams that are then converted into a suite of derivative
chemicals, ethanol, and energy producing lignin. The chart below illustrates
this process:
How it Works
STAGE ONE: After cellulosic feedstock is ground into a fine stream
mass, it passes into a first stage acid hydrolysis process where it is
treated with a weak sulfuric acid solution to separate residual xylose
(C5 sugars). Since xylose does not easily ferment into ethanol, Raven’s
patented process converts the xylose into a derivative chemical product
(furfural) which can be sold into the petrochemical and biotechnology industries
at significantly higher prices than ethanol.
STAGE TWO: The remaining feedstock is again treated with a sulfuric
acid solution. The second stage acid separates glucose (C6 sugars) from
the basic feedstock stream. The glucose is then subjected to a standard
fermentation process which ultimately produces ethanol.
The final step in the process involves the utilization of lignin. Lignin
is considered the “backbone” of all cellulosic waste material and represents
only 15% by weight of the original feedstock, but contains about 80% of
the heat energy content. Raven’s process takes advantage of this energy
source by using high efficiency boilers to generate energy for the plant
saving significant energy costs.
Furfural
Furfural is an industrial chemical derived from a variety of agricultural
byproducts like sugar cane bagasse and corn cobs using our process. Its
chemical formula is C5 H4 O2. In its pure state, it is a colorless oily
liquid with the odor of almonds, but upon exposure to air it quickly becomes
yellow. Many plant materials contain the hemicellulose, a polymer of sugars
containing five carbon atoms each. When heated with sulfuric acid, hemicellulose
undergoes hydrolysis to yield these sugars, principally xylose. Under the
same conditions of heat and acid, xylose and other five carbon sugars become
dehydrated, losing three water molecules to become furfural:
Furfural is used as a solvent in petrochemical refining and is used to
create various lubricants. Furfural, as well as its derivative furfuryl
alcohol, can be used either by themselves or together with other chemicals
to make solid resins. Such resins are used in making fiberglass, some aircraft
components, and automotive brakes. There is a worldwide market for this
chemical in many industries.
R A
V E N
P a r t
n e r s
Raven has established relationships with companies worldwide
to bring our vision of producing cellulosic ethanol to reality. From
technology providers, joint venture partners, and financial institutions
to world-renowned engineering firms we have the partners to successfully
construct and operate cellulosic ethanol plants.
Pure Energy Corporation
Pure Energy is a privately held biofuels company based in New Jersey. Pure
was established a decade ago and has developed a patented, proprietary
technology that employs chemical processes to produce commercial quantities
of chemicals and cellulosic ethanol from waste biomass feedstocks. Raven
has secured a long-term technology licensing arrangement from Pure and
is currently deploying Pure's technology in a number of project applications
worldwide. Raven's licensing agreement with Pure Energy will allow it to
solidly establish its technological platform and begin meaningful production
of ethanol and derivative chemicals by early 2009. Pure's technology includes
3 U.S. patents and 1 U.S. patent pending, engineering drawings for strategically
significant joint-ventures, and an R&D capability to further develop
cutting edge biofuels technology. Several other commercial joint-venture
opportunities have been identified with Pure that could further develop
this partnership.
www.pure-energy.com
Mott MacDonald
Mott MacDonald is Raven's engineering partner for its first cellulosic
ethanol plant in India. Mott MacDonald's US$1.5 billion business
spans 140 countries with 11,000 staff working in all sectors from transport,
energy, buildings, water and the environment to health and education, industry
and communications. Its breadth of skills, sectors, services and
global reach makes them one of the world's top players in delivering management,
engineering and development solutions for Raven's customers. Mott uses
its world-wide resources and experience to plan, design, procure and deliver
projects on any scale and provide management consultancy built on technical
know-how.
www.mottmac.com
Raven Projects
Raven will begin to construct its first cellulosic ethanol plant in
India. The first plant is planned to be operational 1H09 and will generate
6 million gallons of ethanol and 17,000 tonnes of specialty chemicals per
year. All critical permits have been approved. There has been recent
interest to develop two more refineries in India and potential for many
similar plants globally. The Company is projecting 100 million gallons
per year (MG/Y) of cellulosic ethanol within four years and 200 MG/Y within
five years.
Raven and its partners are currently deploying a commercial scale cellulosic
ethanol project in the state of Gujarat in the Republic of India.
The participation of a joint venture partner, major commercial bank and
two engineering-procurement-construction companies with global operations
along with a US Federal Laboratory further establishes a strong project
team capable of implementing commercial scale cellulosic ethanol projects
worldwide.
The patented cellulosic ethanol technology produces furfural as an important
by-product of ethanol production. The two-stage dilute acid hydrolysis
technology for cellulosic ethanol production was developed with assistance
from Tennessee Valley Authority (TVA), a United States Federal Laboratory
located in Muscle Shoals, Alabama, United States.
Raven is implementing the India project through a local joint venture.
The partners have formed and financed a joint venture for the deployment
and operation of a cellulosic ethanol plant at an industrially zoned site.
The feedstock for production of ethanol and furfural in this project is
bagasse, for which 10 year sourcing agreements have been signed with sugar
mills in the state of Gujarat. The project site is comprised of approximately
16.2 acres of industrial land within the Panoli Industrial Estate that
is owned and operated by the government of Gujarat. The site is serviced
by electrical, water, sewer and other utilities, as well as rail access.
The project has already received plant construction permits and initial
product off-take agreements have been signed with international customers.
With about 20 percent of India’s total industrial output, especially within
the chemical and agricultural sectors, Gujarat is the most industrialized
states in India.
It is designed for annual processing of 145,000 dry metric tons of sugarcane
bagasse into 5 million gallons of ethanol and 17,000 metric tons of furfural,
furfuryl alcohol and tetrahydrofuran. India is the second largest
producer of sugar cane, following Brazil in first place and leading
China in third place. The plant’s ability to utilize over 80% of
the feedstock into value-added products (i.e., furfural, and fuel-grade
ethanol in addition to the lignin cake), makes this technology one of the
most economically viable cellulosic ethanol platforms in the industry.
Projects - Additional Activities
United States:
Pennsylvania
Raven has identified an avaialble site and is currently negotiating
a deal that would lead to ground breaking by Q4 of 2008.
Washington State
A 20 acre, permit-friendly site has been identified for a Cellulosic
Ethanol Plant in Long View, Washington. The site has ready access
to feedstock via large quatities of available construction and demolition
waste. Raven will own between 70% and 100% of the project with the
potential of some ownership by suppliers of feedstock. Construction
is tentatively planned for late 2008.
Canada:
Raven owns the exclusive technology to Canada. The pine beetle ravaged
forests have created a potential feedstock for billions of gallons of ethanol
and this could be a solution for a problem that the Government of British
Columbia is highly motivated to resolve. Raven anticipates breaking ground
on a commercial biorefinery in British Columbia during the last half of
2008.
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Recent News from Raven Biofuels |
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Thursday
March 13, 7:00 am ET
Press
Release Source: Raven Biofuels International
Raven Announces
Plan to Merge With Pure Energy
PARAMUS,
NJ--(MARKET WIRE)--Mar 13, 2008 -- Raven Biofuels International Corporation
(OTC BB:RVBF.OB - News) and Pure Energy Corporation of Paramus, NJ
have announced their intention to merge the two companies. Under the proposed
terms, Pure Energy shareholders will receive Raven shares representing
a majority and controlling interest and $3 Million in cash based on Raven
shares being valued at $1.85 per share. The company intends to construct
cellulosic ethanol plants worldwide.
Raven
and Pure combined will create a leader in the biofuels industry for the
development and deployment of technologies that profitably transform waste
into biofuels," commented Ian Grant, President of Raven.
"We
have spent 14 years and over $25,000,000 to advance our technology platform
for converting agriculture wastes and other feedstocks to ethanol. This
has resulted in the development of an industry leading technology platform
and an intellectual property portfolio of 30 patents in the United States
and Internationally," said Dr. Irshad Ahmed, CEO of Pure Energy. "We believe
that our relationship with Raven will fast-track the commercial application
of our leading edge technology. Raven will also be instrumental in commercializing
our other patented technologies that reduce emissions and improve the performance
of transportation fuels."
Following
completion of the merger, Raven Biofuels International Corporation intends
to become a global renewable energy company whose principal focus is the
low cost production of fuel grade cellulosic ethanol, and derivative chemicals. MORE
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Financial Highlights For Raven Biofuels |
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Raven Biofuels International
Corp. – OTCBB: RVBF
Regardless of the turmoil in the U.S. and International economies, demand
for clean energy will not dwindle. Not one expert is forecasting $50
or less oil in the foreseeable future, if ever again. At $50 oil the world
was enthusiastically investing in clean energy, at $100+ a barrel, it’s
more like frantically.
Even Saudi Arabia's Oil Minister, Ali al-Naimi, said in early March
that alternative fuels will keep oil at a minimum of $60 to $70. "From
now there's a line below which prices won't fall," he said, confirming
the bull market for cleantech as he spoke
for fossil fuel's heartland.
America consumes 145 billion gallons of transportation fuel
per year and has a mandate to replace over 20 billion gallons with ethanol
over the next 10 years. Every major developed country in the world has
similar mandates that add up to a multi-billion dollar opportunity for
the companies that can supply this demand.
Recently, the U.S. announced a further $17 billion in funding for
cellulosic bio-fuels companies and is now distancing itself from any
crop based bio-fuel production. Europe, China and India have done the same
and China has banned crop based production of bio-fuels. The problem: The
only sustainable alternative fuel is made from organic waste (cellulosic).
There is no commercial scale
production of cellulosic bio-fuels in the world today.
Not yet
Sector: Energy, Alternative Fuels, Cellulosic Bio-fuels
State Of Incorporation: NV
Jurisdiction Of Incorporation: USA
Primary Company Officer: Ian S. Grant, President, Treasurer,
Secretary, Dir.
Recent Trade: $1.28
52wk Range: 0.95 - 1.40
Avg Vol (3m): 27,789
Fiscal Year End: 12/31
Estimated Market Cap: $62,656,018 as of Apr 10, 2008
Outstanding Shares: 52,213,348 as of Sep 17, 2007
Transfer Agent: Island Stock Transfer
100 Second Avenue South, Suite 104N, St. Petersburg,
Florida 33701
RVBF SEC filings: Click
Here
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Biofuels
Sector Updates
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Contacts for Raven Biofuels |
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Investor Relations Inquiries:
Skyline Investor Relations
866-433-3356
info@skylineir.com
InvestAlert: Click Here
Company Contact Information:
61 South Paramus Road, Paramus, New Jersey 07652-1236
Toll free: 1-866-929-7823 (RVBF)
E-mail: info@ravenbiofuelsinternational.com
http://www.ravenbiofuelsinternational.com/
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whole or in part without the express written consent of Market Pathways
Financial Relations Incorporated.
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