BioResource Management, Inc. (BRM) entered into a joint development to investigate, finance and construct biomass energy facilities in the Caribbean basin. Specifically, a three-way joint venture was formed with BRM, an operational company in the United Kingdom, and an investment banking group with offices in Boston MA and Naples, FL. The focus of the venture is to develop biomass power capacity in the US Virgin Islands, to replace costly fossil fuel power generation and create local jobs in growing, harvesting, and delivering biomass from the area’s former sugar cane fields. (for more info…)
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