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SUBSIDIARY NAME

JUICY FUEL

COUNTRY

SURINAME

SECTOR/ INDUSTRY

ENERGY

OWNERSHIP %

70% IIB-DG

ACQUISITION DATE

JULY 21,2022

ACQUISITION VALUATION

1.446848 BILLION

TOTAL ASSET VALUATION

14.46848 BILLION

ENERGY-OIL-REFINERY-GAS

Juicy Fuel BY MUNGRA, Joël acquired on JULY 21, 2022 Juicy Fuel will produce bio-fuels in the inland area of Suriname. Our bio-fuels are renewable fuels from primarily biomass. This is done with the RTP plant from Envergent A Honeywell Company.

We offer bio-fuels that are ecologically and economically justified, having comparable or better performance when deployed in conventional engines.

WE WILL NOT PRODUCE FUEL ADDITIVES SUCH AS ETHANOL AND BIODIESEL Therefore, our target customers are not only in the Surinamese market; we also will aim at the export of bio-fuels. For example, the Renewable Fuel Standard in the USA allows import of biofuel for blending credits, and this will be one of many specific opportunities. Further, there is growing demand in both North and South America for aviation biofuel (bio-jet fuel) which can be co-produced in our proposed plant.

Our team, along with our already identified external partners and EPC’s, who have all the knowledge and experience needed to build this bio-fuel production facility and to manage and organize, finance, control, market, promote and distribute biofuels as well solve typical technical and organizational problems that are expected to accompany grassroots startups. We would be among the world’s largest integrated grassroots bio refineries at the scale that we propose when all modular upgrades and expansions are completed.

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