Umoe BioEnergy

Umoe BioEnergy has been a development stage company for the last years. The company, then a project, was initiated in 2003 when the main shareholder Viviane Carolo aquired a small 300,000 tonnes crushing capacity distilllery in the Paranapanema region. In 2006 a strategic alliance were formed with Norwegian energy entrepreneurs to secure funding and expansion.

2003	Project initiation Acquisition of a small 300’ ton crushing capacity distillery in Paranapanema
2006	Strategic alliance Funding of forceful growth toghether with Norwegian energy entrepreneurs Norse Energy and marchFIRST Major permits and land positions secured Ready to step up production considerably 15 800 hectares of sugarcane planted
2007	Turn-key contract on new plant Signed with leading Brazilian industrial group Capital raised to finance expansion Listed on the NOTC list
2008	Capital raised to finance project completion January and April Strenghtened industrial ownership Solid international industrial group Umoe increased ownership and involvement New Group CEO and strong Brazilian management in place Proven industry and project management track record New company name - Umoe BioEnergy Changed from Biofuel Energy to Umoe BioEnergy, confirming major owners strong ambitions