CHICAGO -- Diversified Ethanol, a subsidiary of James Monroe Capital, is engineering and manufacturing small, more easily affordable ethanol plants for export to developing countries.

The company also is building ethanol plants to keep for its own use. The plants can run on a variety of inputs, including fruit waste, switchgrass, and all other sources of sugars.

Many developing countries have abundant sugar crops, with fruit-processing plants and sugarcane fields. Some export these crops, and receive low prices for their crops and their waste products. For ethanol, sugar-crops cost less to process than starch-crops. Also, many of these countries suffer from very high fuel costs, and have very low labor costs. Some lack the rail and freight logistics systems to handle giant ethanol plants, and the finances to build them.

In addition, some of these countries are also very hot year-round, and can run their vehicles on 190 proof fuel, which is much cheaper to produce than the 200 proof needed in the US. Even the byproducts of the ethanol process are edible.

All of these factors have sent several small countries, investors, and governmental heavies into a race to see who can dominate their markets first, and James Monroe Capital said is ready to supply them all with ethanol plants.

The company's new marketing plan includes targeting plant-buying investors with strong foreign relationships, especially governmental ties, and building relationships with key people overseas. Diversified Ethanol is multi-cultural, good for the environment, creates jobs in the U.S. and abroad, and every plant will yield very high returns for customers and profits for Diversified Ethanol.

Updated Photos of the company's 75,000-gallon Butterfield Ethanol Plant will be posted on its Web site later this week. The plant is expected to be operational "before the snow flies." Afterward, there will be a few months of fine-tuning before it reaches its fullest potential.

The company expects to begin constructing another plant on January 3. Engineer Floyd Butterfield is busy improving the plan for the new plant, called the A500, which is seven times larger than the last one.

Butterfield said, "There is so much need right now for ethanol plants in developing countries. We want to supply all of those plants, while helping these countries to be more independent."

SOURCE: James Monroe Capital Corporation via PR Newswire.