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Blue Sky Optimum Energy, Inc.

June 9th, 2004

BlueSky developed a revolutionary processing method for the production of biodiesel at a profitable level without government subsidies, or tax incentives. Biodiesel is a carbon based fuel source, similar to petroleum diesel, but manufactured from organic compounds (i.e. soybeans, yellow grease, and mustard seed). Third party laboratories conducted successful tests of the process which was developed over the past three years. The BlueSky method varies greatly with respect to the traditional methods of biodiesel production and produces numerous efficiencies. 

Federal, state, and local government agencies promote the use of biodiesel as an alternative fuel source for the many environmental, health, economic, and national security benefits. The EPAct of 2001 mandates the gradual introduction of alternative fuels into all government fleets over the next several years. Additionally, the introduction of biodiesel as an alternative fuel source does not require any change to the existing fuel infrastructure or the existing diesel engine. The U.S. Department of Energy predicts that demand should grow to over 800 million gallons annually in the next 15 years, current production remains at 60 million gallons per year. Significant performance benefits have been identified when using a blend of petroleum and biodiesel at levels as low as 5%. At current usage levels of 41 billion gallons of petroleum diesel per year, this corresponds to a potential market of more than 2 billion gallons, annually. 

Blue Sky is looking to raise a total of $1 million. The company has identified SBA and ECIDA loan programs and intends to apply for NYSERDA and DOE grants. At present they are seeking between $500,000 and $750,000 from angel investors and venture capitalists. The funds will be used to construct the processing lines, purchase raw materials, and for initial permits and engineering costs.


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