Category: News

10 August, 2017 Renewable Fuel Corp Inc. RWFC, a well-known Renewable Energy company based in Las Vegas Nevada Announces its intention to build a 288/MW Solar Thermal Power Plant in NSW Australia with an investment in RFC Resources Pvt Ltd (RFCR) which is a wholly owned subsidiary of RWFC. RFCR was created to develop Renewable Energy projects in Australia that provide the company long term reoccurring revenue streams. The project cost is estimated to be near US$1 Billion. The company has identified a number of suitable locations for the project, but is still in the review process. It is likely the location will be adjacent the national electrical grid near the north and south transit points between Newcastle and Brisbane Australia.

Mr. VanVliet, CEO of Renewable Fuel Corp, stated that the “Australian Renewable Energy Market is robust and support is at the highest ever from both the Government and Citizens.  Australia is reaching a turning point where Demand for power is exceeding the capacity Australia has to produce.  It is an opportune time for Australia to step up and lead the way to a cleaner and brighter future using sustainable clean energy solutions. We are very excited to choose Australia for our flag ship Solar project, it is good for the local economy, it is good for the environment, it is good for RWFC’s future”.

The name plate production capacity of this station will be 288 megawatt. The power plant will qualify for large-scale generation certificates (LGCs) and uses Concentrated Solar Power (CSP) technology. Heat from the sun will be collected and stored in molten salt tanks and transferred to a steam plant power station as needed to supply ready available energy to the power grid. The storage is able to supply heat to the steam plant for an estimated 6 to 7 hours at full capacity when the sun is down and when other PV Solar plants are offline. This will allow an estimated production of between 1,200,000 to 1,900,000MWh ( Megawatt hours) annually. RFC intends to create projects totaling 6,000 Mw globally over the next 10 years using the Australian plant as its flagship facility.

This project will create an estimated 1800 jobs in Central NSW Australia over the construction period of approximately 36 months with an additional 60 permanent jobs on site for the life of the project. It is expected to also provide an additional 200 jobs to the local area community in downstream work and subcontracting for maintenance and services.

Although most of the solar equipment and technology will be imported, the majority of the project management and engineering as well as critical plant internal vessels will be manufactured by Ameriget Group located in Coffs Harbour Australia. This is expected to create an estimated 120 jobs during the project construction phase.

The company is reviewing a number of areas it has found suitable to locate this plant. It is also in discussions with a number of top providers of Concentrated Solar Power technologies and will make further announcements as the project development proceeds.

The company intends to break ground by early to mid 2018 and plans to be producing energy by the end of 2020.

12 July, 2017, Renewable Fuel Corp Inc. RWFC, a well-known Renewable Energy company based in Las Vegas Nevada Announces the formation of a new wholly owned subsidiary RFC Resources Pty Ltd located in Coffs Harbour Australia.

RFC Resources was formed with the intention of developing a number of future projects which will likely be announced in the near future.  This actions is one of the fundamental steps required in the pursuit of the company’s plans as it enters into the Australian Renewable Energy Sector.

11 July, 2017 Renewable Fuel Corp Inc. RWFC, a well-known Renewable Energy company based in Las Vegas Nevada Announces that is has entered into a transaction with Globaltech Industries Pty Ltd.  RFC has completed the purchase of 99.9% of the capital stock through the issuance of its new Series B Preferred shares and cash.

This transaction brings additional resources and expertise to the RWFC portfolio and enables RWFC’s wholly owned Engineering and Manufacturing Ameriget Group of company’s access to a vast supply of machinery and equipment it can use in its future plans.  We are pleased to add the Globaltech team to our portfolio.  This acquisition will allow RWFC the ability to combine resources between the companies and achieve lower overall overheads and a multitude of new capabilities and expertise.

Las Vegas Nevada June 30, 2017 — Renewable Fuel Corp, Inc. RWFC, a leading independent Renewable Energy Company today announced the Company is issuing a newly designated class of convertible preferred Series B stock in exchange for certain Accounts Receivables owned by Aqua Three Holdings Pty Ltd which is located in Sydney Australia.

This transaction was approved by the RFC board of directors and is a strategic move in the company’s efforts to establish itself in the Australia Renewable Energy Market where RFC plans to invest into a number of future projects.

Las Vegas Nevada June 29, 2017 — Renewable Fuel Corp, Inc. RWFC, a leading independent Renewable Energy Company today announced the Company is issuing a newly designated class of convertible preferred stock.

The Company has designated a new class of convertible preferred stock (“Series B Preferred Stock”) which has a stated value of $10.00 per share, and converts to common stock at a ratio of one preferred share to 10 common shares. There will be 5 million shares of Preferred B shares designated.

The company filed its Certificate of Designation with the State of Nevada.

The Company has entered into agreements with a number of parties to purchase a variety of account receivables, assets and capital stock in a series of transactions.

The Company will incur approximately $20,000 in total fees (including one-time legal expenses) for these transactions. No brokers were involved.

28 June, 2017 – Renewable Fuel Corp, Inc. RWFC, a well-known Renewable Energy company based in Las Vegas Nevada announced its plans of a reverse stock split.

The company’s board plans to put into effect a 1-for-10 reverse stock split of its issued common shares. This decision was approved by the board and its shareholders in an amendment to the company’s Articles of Incorporation effective on 28 June, 2017.

The reverse stock split will be effective from Jun 28, 2017, following which, the company’s shares will be traded (on a split-adjusted basis) under the same trading symbol.

With implementation of the reverse stock split, every ten shares of the company’s common stock will be combined into one. This will in turn hugely decrease the number of outstanding shares at from approximately 470 million (as of Jun 28, 2017) to 47 million.

Shareholders with shares held in book-entry form or through a bank, broker or other nominee will see the impact of this reverse stock split, automatically reflected in their accounts on or after Jun 28.

17 June, 2017 Renewable Fuel Corp Inc. RWFC, a well-known Renewable Energy company based in Las Vegas Nevada Announces that is has formed Ameriget Services Pty Ltd which will be a 100% wholly owned subsidiary of Ameriget Australia Pty Ltd which is a wholly owned subsidiary of RWFC.

Ameriget Services will perform Engineering and Design, Project management and as well on site services for customers.  The company will also provide over all administrative support to the Ameriget group of companies. For more information about the Ameriget Group, see it’s website www.ameriget.com

23 May, 2017 Renewable Fuel Corp Inc. RWFC, a well-known Renewable Energy company based in Las Vegas Nevada Announces that is has purchased Ameriget Services Pty Ltd which will be a 100% wholly owned subsidiary of Ameriget Australia Pty Ltd which is a wholly owned subsidiary of RWFC.

Ameriget Engineering will perform Manufacturing services for the Ameriget Group of companies.

For more information about the Ameriget Group, see its website www.ameriget.com

07 April, 2017, Renewable Fuel Corp. RWFC, a well-known Renewable Energy company based in Las Vegas Nevada recently completed the acquisition of all Capital stock of Ameriget Australia Pty. Ltd. Ameriget is an Australian based manufacturer of process equipment for the oil and gas, petrochemicals, minerals processing, desalination, renewable energy, chemicals, steam generation, traditional power and renewable power industries.

The factory has a total workshop area of 7000 sq. m. located on a 44 acres lot.  The activities included engineering and design through to machining, forming, fabrication, stress relief, testing, NDT and final surface treatment for heat exchangers and vessels up to 400MT, 6.5M Diameter and 70M overall length. This included equipment manufactured in sophisticated materials such as 5% Cr- Mo, stainless steels, duplex & super-duplex stainless steels, titanium, incolloy, hastelloy, zirconium, nonferrous materials, and clad materials.

Ameriget now uses these capabilities to support the Renewable Energy Sector and mineral exploration business.  The company intends to perform EPCC, Project Management, Design and construction as well as R&D on new technologies.

Information about Ameriget can be found on its website www.ameriget.com

August 13, 2012, LAS VEGAS, NEVADA – Renewable Fuel Corp, Inc (RFC) a leading producer and supplier of biodiesel and biodiesel blended fuels in North America and in key International markets is pleased to announce today that Plant Offshore Group Limited (POGL) a leader around the world in Engineering, Procurement and Construction Management (‘EPCM’) services, engineering design software and rubber seismic isolation technology have concluded an investment transaction.

The investment in RFC will give POGL a critical opportunity to leverage its expertise in the area of green fuel technology. The RFC biodiesel product uses only renewable and sustainable feedstocks and is produced in one of the world’s newest and most technically advanced facilities in Kuantan, Malaysia. The value of the POGL transaction is approximately $9,171,000 USD and supports the restructuring efforts of one of RFC’s recent acquisitions Century Corp Sdn Bhd (Century) through RFC’s wholly owned subsidiary Bio Refining Industries, Inc (BRII).

[blockquote source=”- Hang Chin Juan, Chief Executive Officer of POGL”]

“We are proud to have an ongoing working relationship with RFC, the perceived market leader in the US biodiesel industry and will be one of the largest producers in the world within the next few years. We believe our interest in RFC will enable POGL to participate in the booming biodiesel and blended fuel industry in the US and key international markets. We share the same vision as RFC, that the worldwide biodiesel market represents excellent opportunity. We intend to play a role in supporting RFC’s strategy to build diverse, worldwide green fuel facilities using our EPCM expertise.”

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[blockquote source=”- William Van Vliet, Chairman of RFC”]

“We are building a company that can truly leverage the worldwide biodiesel opportunity. The transaction with POGL is an important affirmation of our strategy to build a diverse worldwide green fuel company. As savvy business people we search for opportunity, as our recent turnaround efforts with BRII shows. We know how to acquire strategic assets and improve them for our use. POGL is a solid partner in our efforts to fulfill RFC’s future technological requirements.”

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