GeoBio Energy, Inc. (GBOE.OB) is focused on the commercial development of biodiesel fuel technology through raw materials. The company is working toward producing low cost and renewable feedstock for the production of biodiesel. GeoBio plans to produce and distribute both their feedstock and blended bio-fuels through strategic partnerships and acquisitions throughout the fuel production and oil distribution industry.
GeoBio has three main areas of focus. Their first area of focus is to utilize cost-effective resources from geothermal locations for the production of supply feedstock to the biodiesel industry. The company is also focused on establishing alliances and acquisitions of production facilities and acquiring profitable oil distribution industry companies. In 2006, the company announced plans to establish a large jatropha plantation as a feedstock source.
GeoBio has worked with top universities in renewable bio-fuels research. The company plans to expand their partnerships with additional universities in order to build on their green energy technology. GeoBio’s primary goal is to develop clean renewable energy, while simultaneously helping the United States become more energy independent.
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