Solfuels USA owns a biodiesel plant located in Arkansas, United States. Strategically located near Memphis, a major biofuel refining and distribution centre, the plant caters to the increasing demand for renewable energy in the United States.
The biodiesel plant sits on a wide area of 38.2 acres of land and is conveniently situated beside the Mississippi River just off Highway 49, facilitating logistics and transportation networks as it is accessible by water, road and rail.
To maximize profitability, the plant is in the process of retrofitting to accommodate high FFA multi-feedstock including yellow grease, rendered animal fats, inedible corn oil and refined vegetable oil. This will lend to long-term competitive costings as the Group can select and choose from the most cost competitive feedstock for production.
The 40 million gallons per annum capacity plant has been producing and selling high quality (ASTM D-6751) B100 since Sep 2017, and is BQ9000 Producer & Lab certified since Mar 2019.
We believe these characteristics should influence everything we do in business and in life. We sincerely enjoy the work we do, and our clients get to reap the benefits.
Chief Executive Officer & Director
Mr Joel Lou is the official corporate representative of ‘Solfuels USA’ and also one of its major shareholders. Joel is a Co-Founder of Blue Cloud Ventures and serves as its Operating Partner based in Singapore. He was formerly the CEO of JustCommodity Software Solutions (acquired by Allegro Development in June 2015), the leading commodities trading and risk management software solutions provider in the agricultural commodity space in Asia. Under his leadership, JustCommodity has won numerous awards including Singapore Enterprise 50, Deloitte Technology Fast 500, “Best tech company to work for” in Singapore and the Red Herring Global 100 Award. Joel was a member of the Executive Leadership of Allegro Development till June 2017. He is also a Director of Charleston Holdings, a family investment group headquartered in Singapore.
Joel was conferred the “Most Promising Entrepreneur of the Year” by APEA in 2011, the “Young Professional of the Year” in the IT leader awards in 2012 and conferred “Ten outstanding young persons – TOYP” by Junior Chamber International in 2016. Joel is active in the Singapore tech community and have served as an Executive committee member for the Singapore Enterprise Chapter at the Singapore Infocomm Technology Federation. He currently serves as an Advisory council member of the Singapore Management University's International Trading Institute, and is a Charter Member and Board Member of TiE Singapore. Joel has contributed as an adjunct lecturer for the International Trading Institute at the Singapore Management University since 2013. He received a Master’s of Business Administration from Imperial College London.
Chief Operating Officer
Mr Esmond Han took office as COO of Solfuels USA on 1 Jan 2019 and is currently based off the corporate HQ in Memphis, TN. Mr Han joined Agritrade Resources Limited in 2017 as a Business Unit Head and gained an aptitude and interest in the Biodiesel business, before relocating permanently to helm the Operational, Technical, Logistics and day-to-day of Solfuels USA.
Esmond was formerly a Republic of Singapore Navy scholarship recipient and attended University College London Economics for his undergraduate studies. Upon graduation, he tracked a combat & operational role in the Navy for 7 years before he decided to take on the corporate world. He went on to challenge himself in startups, namely Marcella (Country General Manager) and NinjaVan (Director, Fleet Singapore) - both of which he was part of the core Management Team, and the latter is curxrently the leading logistics service provider in Singapore.
Esmond embraces new industries, technologies and challenges and is poised to take Solfuels USA to the next level.
Ravi Shankar, based in Singapore, is an adviser to the board of Solfuels which leverages on his guidance for all commercial and business development matters. He concurrently sits as an adviser to Just Oil & Grain, the flagship subsidiary of Charleston Holdings. Ravi brings to the company over 20 years of experience in Commodity trading with direct hands on roles in Grains and Oil seed complex having performed such functions in Commercial and Risk management areas for Bunge Agribusiness, Aavanti Industries, Emami Agrotech, G.Premjee Ltd, Geepee Agri to name a few.
Ravi graduated with a Master of Science Degree in Chemistry from Mumbai University, India followed by Post Graduate Diploma in International Trade from Indian Institute of Foreign Trade, New Delhi, India
Evan is a commodity and trade finance professional. As the Treasurer of Solfuels USA, Evan oversees US banking relationships and collateral reporting for the company. In 2014, Evan served as Chief Operating Officer for Hemera Group (founded by the former Vice Chairman of Cargill, India). Prior to entering commodity operations, Evan worked for a large European forfaiting house where he co- managed a portfolio of LatAm originated trade finance investments. Evan is a CFA charter-holder and graduate of Colgate University.
Chris is a director of Solfuels USA and is in charge of strategic planning and investment operations of the company. He brings with him several years of experience working in the financial sector. He previously worked at DBS Private Bank, Singapore for 3 years and was responsible for investment and private wealth management for high net worth individuals. Prior to this, Chris worked at UOB Kay Hian Private Limited for several years as a stockbroker executing and advising clients on trades in stocks, bonds and derivatives across global financial markets. Mr. Ng received a Bachelor of Commerce, majoring in Economics and Finance from Monash University, Australia in 2009. He also has a Diploma in Business Information Technology from Temasek Polytechnic Singapore.
Mr Peter Park was our former Interim CEO and is now senior advisor to Solfuels USA. He is in charge of advising on all aspects of the business. Since 2007, he has been involved in biodiesel investments, supplying feedstock, and biodiesel trading.
Peter has extensive experience in running processing plants and refineries in the commodities sector. A capable multi-tasker, he is concurrently serving as Chief Operating Officer of Agritrade Resources Limited, a HKSE listed entity. Peter graduated with a Bachelor’s Degree in Business Administration from the National University of Singapore in 1994, and has amassed over 20 years of experience in management, trading and business development across various commodities. He started off his career as a commodities broker in the mid 1990’s before moving on to a trading function with an established palm oil trading company in Singapore. He was subsequently promoted to oversee various trading and business development projects in palm oil and its derivative products.