Investments by Aspen to Date
The following elements of the Project have been either purchased or constructed:
·Plot of Land for the Plant complete with Planning Approvals;
·Construction of a new railway siding adjacent to the Plot;
·Completion of Conceptual Design including the Katzen Corporation technology;
·Environmental Impact Study completed and approved;
·Elements of the Dewatering Towers already fabricated.
Following EU directives, in 2006 Poland introduced a ‘Bio-fuel Bill’ which defines the minimum percentage of bio-components and bio-fuels in total quantity of fuels used as well as the system of exemptions and reductions of relevant taxes. Consequently, the Bill promotes the production of bio-ethanol and makes it very profitable.