Veritas Group and Farmer work as partners in plant operations, and sales and marketing of take-out products.
Establish Special Purpose Vehicle (SPV) Company
- Owns feedstock supply agreement
- Owns the Power Purchase Agreement (PPA)
- Owns energy and other by-product sales
- Executes lease agreement for turnkey plant
- Setup and deploy plant
- Setup and deploy plant
- Manages take-out products including packaging and shipping
- Manages take-out products including packaging and shipping
- Terms 20 years
- Veritas and Farmers Split EBIT
Veritas Group Limited
- Owns land for plant
- Performs sales and marketing for take-out projects
Project #1
- Property in California
- 2MW plant
- Plant Cost $46M
- Annual Revenue $60M+
- Operating Cost $5M
- EBIT $60M+
- Capacity of Plant / Location 10 Times the initial build
