Hathaway Renewable Energy, Inc.

Leoma, TN 38468, US
Alternative & Renewable Energy

Hathaway Renewable Energy (HRE) is undertaking a project that has a cellulosic bio diesel refinery and clean electricity plant that make synergistic use of the feedstock (railroad cross ties and municipal solid waste). Legacy technologies are being employed in a manner that lessens the technology risk. Use of railroad cross ties and municipal solid waste avoids the risk associated with using commodities based feedstock such as corn or soy beans. AECOM is currently conducting the FEED/FEP3 studies as the EPC.

Off takers for the bio diesel are Marathon Oil and CountryMark. Duke Energy of Indiana is the off taker for the electricity. Term sheets are now being negotiated for contractual agreements. Duke is involved with HRE for the final site selection.

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Summary

Prior Year Revenue Current Year Revenue Next Year Revenue
Company Age Employees Sub-Industry
14 years, 1 month 3 Biogas & Ethanol
Company Type Stock Exchange Stock Symbol
Privately-Held - -

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Cellulosic bio-deisel and clean electricity

Contract negotiations are underway with off takers CountryMark (bio diesel) and Duke Energy of Indiana (electricity). Duke has their business development group engaged with HRE to select the final site. CountryMark is will take all of the diesel fuel produced for resale within their co-operative. Marathon Oil has also expressed interest in the diesel but, CountryMark has requested the full nameplate capacity.

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Chief Executive Officer
Kevin W. Hathaway

Chairman and Chief Executive Officer has extensive experience as a project designer, manager and senior executive responsible for strategic development of high-level initiatives . He has supported and led multi-billion dollar projects including the first-of-its-kind distributed, collective simulation system for U.S. Army aircrews. He led the technology intensive simulation system though concept, engineering, manufacturing and deployment to become a $1 billion program. Kevin was the Assistant Program Manager for the production of the RAH-66 Comanche Reconnaissance Attack helicopter. He has a secret level security clearance and worked for the Department of Defense at the Pentagon and in Huntsville, Alabama. Kevin is responsible for the long-term business success of the Company including development of the Corporate Strategy for consideration by the Board of Directors. He is a graduate of Ohio University with a Bachelor of Business Administration with a major in Finance.

President Operating Officer
Mark C. Fuller

President and Chief Operating Officer is an experienced senior operating and technology executive having worked in multi-billion dollar public companies (MCI and Verizon) and early stage enterprises. Direct work experience includes managing engineering, operations, sales, finance, and corporate development, legal and regulatory groups. He has raised over $2 billion for start-up companies. Mark co-founded a boutique-consulting firm that provided clients with advisory services related to accelerating revenues, entry into new markets and business plan development. He has served as the COO of an energy services company that worked with clients to reduce their energy spend on the demand side by employing a series of technical and service based solutions. Mark is a graduate of the United States Military Academy at West Point with a Bachelor of Science in General Engineering with a concentration in Civil and Mechanical Engineering.

Funding

333%

Funding Goal$300,000

Funding Raised So Far$1,000,000

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Funding Remaining$0

Funding TypeDebt Financing

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