HATHAWAY RENEWABLE ENERGY

Hathaway Renewable Energy (HRE) is undertaking a project that has a cellulosic bio diesel refinery and clean electricity plant that make synergistic use of the feedstock (railroad cross ties and municipal solid waste). Legacy technologies are being employed in a manner that lessens the technology risk. Use of railroad cross ties and municipal solid waste avoids the risk associated with using commodities based feedstock such as corn or soy beans. AECOM is currently conducting the FEED/FEP3 studies as the EPC. Off takers for the bio diesel are Marathon Oil and CountryMark. Duke Energy of Indiana is the off taker for the electricity. Term sheets are now being negotiated for contractual agreements. Duke is involved with HRE for the final site selection.