Blue Diamond Ventures (PINKSHEETS: BLDV) is an agriculture and biofuels company with operations in Belize and the U.S. The company has selected BEI Engineering to design and construct a biodiesel facility in Belize with an eventual capacity of 100 million gallons per year (GPY), using non-food crops. After signing a purchase agreement with the Government of Belize, Blue Diamond is planning renovations of 17 buildings, which form part of the Old Lynam College in the Stann Creek District of Belize. This will serve as the headquarters for the company's biofuels and research and development operation. Once renovated, the buildings at Lynam will offer accommodation for staff and visiting researchers. The company has a memorandum of agreement with the Texas Agricultural Experiment Station of the Texas A&M University System, whereby, the university will serve as its technical assistance partner in Belize.
$0.022 (06/17/08)
