For $2 million, you can buy the franchise for your own alternative fuel factory. Xenerga supplies everything you need to start making money.
In recent years, consumers in the U.S., the world’s largest consumer of oil energy, have been looking to alternative fuel sources to keep their costs down as well as to help protect the environment.
One option is biodiesel, a clean-burning fuel that can be used in any diesel engine without modifications and is derived from feedstock made from renewable sources such as soy, corn, and even cooking oil and then converted to usable fuel. With more diesel cars being introduced into the U.S. market, the demand for biodiesel is increasing.
Already it is considered the fastest growing alternative fuel in the country. According to one report released this year, between 2002 and 2004 biodiesel production in the U.S. nearly doubled from 16 million gallons to 31 million gallons.
British-born entrepreneur Jason Sayers, who previously co-founded FiltaFry, a biz with over 500 franchises around the world that clean commercial and restaurant deep-fryers and recycle cooking oil, is now set to start his 2nd business: Xenerga, a nationwide network of turnkey biodiesel-production facilities using waste cooking oil as a feedstock.
In mid-December, the Orlando (Fla.)-based company plans to launch its 1st franchise. To enter into a partnership franchise agreement, franchisees must have $2 million, but Sayers estimates they have the potential to make $2.5 million a year.
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