Emerald Biofuels' business strategy is to "partner" with companies that have demonstrated a track record of excellence in their area of expertise. Throughout each refinery's value chain, our partners include technology providers, feedstock suppliers, experienced refinery operators, and the fuel buyers. These contractual partner relationships facilitate risk mitigation associated with fuel price volatility and that are inherent in constructing and operating refineries.
Our business is based on a strong belief that the long-term economic viability of the renewable fuels industry, as a whole, is not dependent upon government subsidies and support. Emerald Biofuels will, therefore, continue to strive minimizing capital investments while maximizing production output. We believe that this goal is best achieved by co-locating our refineries on sites with existing infrastructure, thereby, reducing costs of what would be otherwise greenfield development.