Forbes Energy
Encyclopedia
Forbes Energy LLC is developing a new way of producing renewable, sustainable fuel
and electrical energy
. The Company is building a zero-environmental impact, global energy facility which uses ethanol
derived from sugarcane
. Forbes Energy was established in 2006 by entrepreneur Lucien Forbes
. The concept was developed in 2003 when he visited a self-sufficient organic sugar production plant in Brazil. Forbes Energy is a Rhode Island
Company.
Forbes Energy’s goal is to deliver sugar-derived ethanol to the US market. Through Forbes’ location in the Dominican Republic
and ability to operate within CAFTA-DR and CBI
, the Company is positioned to produce ethanol for the US market at a competitive price.
In the first phase of the project, Forbes Energy is developing a skid-mounted dehydration plant to be installed in the Dominican port of Manzanillo to refine Brazilian ethanol to import into the United States. The facility is capable of producing 10 million USgals (37,854.1 m³) of fuel-grade ethanol per month. In the second phase, Forbes entered into a contract with Brazilian company Proeng to construct and supply refining facilities to convert Dominican sugar into ethanol. The plant will have an estimated capacity of 500 million USgals (1,892,706 m³) of fuel-grade ethanol per year. The facility is designed to have a zero-environmental impact.
Forbes Energy Dominicana will use agricultural lands under concession to grow sugarcane
to supply the ethanol plant. Once construction of the facility is completed in 2008, Forbes Energy Dominicana will become a major fuel and electrical energy supplier to the Dominican Republic
.
. As production increases, the Company plans to expand into Haiti
and other Caribbean
nations.
Renewable fuels
Renewable fuels are fuels produced from renewable resources. Examples include: biofuels Renewable fuels are fuels produced from renewable resources. Examples include: biofuels Renewable fuels are fuels produced from renewable resources. Examples include: biofuels (eg. Vegetable oil used as fuel,...
and electrical energy
Electricity generation
Electricity generation is the process of generating electric energy from other forms of energy.The fundamental principles of electricity generation were discovered during the 1820s and early 1830s by the British scientist Michael Faraday...
. The Company is building a zero-environmental impact, global energy facility which uses ethanol
Ethanol fuel
Ethanol fuel is ethanol , the same type of alcohol found in alcoholic beverages. It is most often used as a motor fuel, mainly as a biofuel additive for gasoline. World ethanol production for transport fuel tripled between 2000 and 2007 from 17 billion to more than 52 billion litres...
derived from sugarcane
Sugarcane
Sugarcane refers to any of six to 37 species of tall perennial grasses of the genus Saccharum . Native to the warm temperate to tropical regions of South Asia, they have stout, jointed, fibrous stalks that are rich in sugar, and measure two to six metres tall...
. Forbes Energy was established in 2006 by entrepreneur Lucien Forbes
Lucien E. Forbes
Lucien Forbes is a US-based entrepreneur Mr. Forbes has developed projects across the globe in a range of industries including communications, shipping, and energy.Mr...
. The concept was developed in 2003 when he visited a self-sufficient organic sugar production plant in Brazil. Forbes Energy is a Rhode Island
Rhode Island
The state of Rhode Island and Providence Plantations, more commonly referred to as Rhode Island , is a state in the New England region of the United States. It is the smallest U.S. state by area...
Company.
Forbes Energy’s goal is to deliver sugar-derived ethanol to the US market. Through Forbes’ location in the Dominican Republic
Dominican Republic
The Dominican Republic is a nation on the island of La Hispaniola, part of the Greater Antilles archipelago in the Caribbean region. The western third of the island is occupied by the nation of Haiti, making Hispaniola one of two Caribbean islands that are shared by two countries...
and ability to operate within CAFTA-DR and CBI
Caribbean Basin Initiative
The Caribbean Basin Initiative was a unilateral and temporary United States program initiated by the 1983 "Caribbean Basin Economic Recovery Act" . The CBI came into effect on January 1, 1984 and aimed to provide several tariff and trade benefits to many Central American and Caribbean countries....
, the Company is positioned to produce ethanol for the US market at a competitive price.
In the first phase of the project, Forbes Energy is developing a skid-mounted dehydration plant to be installed in the Dominican port of Manzanillo to refine Brazilian ethanol to import into the United States. The facility is capable of producing 10 million USgals (37,854.1 m³) of fuel-grade ethanol per month. In the second phase, Forbes entered into a contract with Brazilian company Proeng to construct and supply refining facilities to convert Dominican sugar into ethanol. The plant will have an estimated capacity of 500 million USgals (1,892,706 m³) of fuel-grade ethanol per year. The facility is designed to have a zero-environmental impact.
Forbes Energy Dominicana will use agricultural lands under concession to grow sugarcane
Sugarcane
Sugarcane refers to any of six to 37 species of tall perennial grasses of the genus Saccharum . Native to the warm temperate to tropical regions of South Asia, they have stout, jointed, fibrous stalks that are rich in sugar, and measure two to six metres tall...
to supply the ethanol plant. Once construction of the facility is completed in 2008, Forbes Energy Dominicana will become a major fuel and electrical energy supplier to the Dominican Republic
Dominican Republic
The Dominican Republic is a nation on the island of La Hispaniola, part of the Greater Antilles archipelago in the Caribbean region. The western third of the island is occupied by the nation of Haiti, making Hispaniola one of two Caribbean islands that are shared by two countries...
.
Business Area
Forbes Energy is currently developing facilities in Manzanillo, in the province of Monte Cristi of the Dominican RepublicDominican Republic
The Dominican Republic is a nation on the island of La Hispaniola, part of the Greater Antilles archipelago in the Caribbean region. The western third of the island is occupied by the nation of Haiti, making Hispaniola one of two Caribbean islands that are shared by two countries...
. As production increases, the Company plans to expand into Haiti
Haiti
Haiti , officially the Republic of Haiti , is a Caribbean country. It occupies the western, smaller portion of the island of Hispaniola, in the Greater Antillean archipelago, which it shares with the Dominican Republic. Ayiti was the indigenous Taíno or Amerindian name for the island...
and other Caribbean
Caribbean
The Caribbean is a crescent-shaped group of islands more than 2,000 miles long separating the Gulf of Mexico and the Caribbean Sea, to the west and south, from the Atlantic Ocean, to the east and north...
nations.