VERITAS & FARMERS PARTNERSHIP
Veritas Group and Farmer work as partners in plant operations, and sales and marketing of take-out products.
Establish Special Purpose Vehicle (SPV) Company
-Owns feedstock supply agreement
-Owns the Power Purchase Agreement (PPA)
-Owns energy and other by-product Sales Executes lease agreement for turnkey plant
-Setup and deploy plant
-Manages take-out products including packaging and shipping
-Terms 20 years
-Veritas and Farmers Split EBIT
Veritas Group Limited
Owns land for plant
-Performs sales and marketing for take-out projects
Project #1
55 Acres in Northern California
-2MW plant
-Plant Cost $46M
-Annual Revenue $60M+
-Operating Cost $5M
-EBIT $60M+
-Capacity of Plant / Location 10 Times the initial build
![](https://veritasbiomass.com/wp-content/uploads/2021/06/process-2.jpg)