This document presents a high-tech agri-business project to grow renewable energy crops and harvest methane in Eastern Europe. It analyzes the cultivation of switchgrass and miscanthus, which can yield up to 15 and 26 tons per acre, respectively. The project would have several stages and seek grants. It compares the energy output of biomass crops to coal and solar energy. The proposal is to cultivate energy crops in suitable countries like Bulgaria and harvest the methane from the crops to use as an energy source.

1. Ramko Rolland Associates
PRESENTATION OF A HIGH TECH AGRI-BUSINESS PROJECT
GROWING RENEWABLE ENERGY CROPS & METHANE
HARVESTING IN EASTERN EUROPE
Mature Switchgrass on the Midwest plains in US - yield up to a record 15 tones dry mass per acre if irrigated

2. Ramko Rolland Associates
Mature miscanthus grown in Illinois US – yield up to a record 26 tones dry mass per acre if irrigated
Prepared by Haim R. Branisteanu
September 2007
Ramko Rolland Associates
Corporate Finance and Operational Restructuring
40 East End Avenue, New York, New York 10028 12 Gotlieb Street, Tel Aviv
Tel: +1-914-595-6026 Fax: +972-77-524-2780 Israel 64-392
E-Mail: hbranisteanu@bezeqint.net Tel +972-3-523-2744
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3. Ramko Rolland Associates
TABLE OF CONTENTS
Executive Summary …………………………..………..…………………………………….….. 1
Suited Countries ……………………..……………….………….……………………. 1
Preliminary Investment and Assets values ……………..………..……….. 1
Project Stages and Grants ………………… ……………..………………..…..... 2
Barriers of Entry…………………………………………………………………………. 2
Summary Background …………………………………………………………………………... 3
Availability of Resources ……………………………………………………………. 3
Primary investment …………………………………………………………………… 4
Sun Energy v. Bio-mass cultivation ……………………………………………. 4
Energy ratio between energy crop and coal ……………………………… 4
Solar Energy Projects v. Bio mass cultivation ……….……………………. 5
Proposed cultivation of energy crops ………………………………………… 5
Energy yield per hectare and price comparison to coal …………….. 6
Proposed way of action ………………………………………………………………………… 6
BACKGROUND MATERIAL and COST ANALYSIS
Market trends Canada Year 2001 …………………………………………….……………. 8
Cost of Growing Grass US Department of Energy Final Report …..………….. 9
Cost tables for Switchgrass ………………………………………………..……………….… 12
Cost tables for Canary grass …………………………………………………..……………… 13
Department of Energy vision on renewable energy ………………………………. 14
Switchgrass Energy input / output ratio ………………………………………………… 15
Comparable Energy analysis of Biomass use ……...……….………………………… 16
General financial projections..……………………………………..…………………………. 28
FINANCING SOURCES AND LOCATIONS
Government Agencies and Grants ……….……….………………..…………………….. 17
Map of Bulgaria Renewable Energy Projects …….…………..……………………… 18
US average Cropland values per state ……………….………….………………………. 19
Methane Harvesting and Soy meal substitute for farm animals ……………. 20
Micro-Algae Culture and prospects ……………..….…..………..……………………… 23
New cost estimation University of Tennessee ……………………………………….. 30
Miscanthus Input / Output energy ratios ……………………………………………….. 32
Miscanthus / Switchgrass energy content comparison ………………………….. 33
Additional Attachments
EU tables of grants allocated for improvement of agricultural lands
Comparable cost of cultivating various grains
Various articles justifying the economic benefits of energy grasses;
US / UK power plants with co-firing of energy grasses with coal / NG
US – Switchgrass, Canary Grass, Germany, UK – Miscanthus
India Europe – Sorghum / Sudan Grass Hybrids for co-firing power plants
Energy feed from micro-algae and the potential for transportation fuels
Carbon and Methane capture programs