World Class Holdings Issues One of the First Green Jet Biofuel Deals to Meet the Blockchain Technology
(Kingston Whig Standard) World Class Holdings ‘WCH’, a private fund concentrated on sustainable projects and raising capital with the use of advanced technology–World Class Holdings “WCH”, a private fund, is delivering one of the first green jet Biofuel deals to meet the blockchain technology. The deal involves a 5-year bridge loan from World Class Holdings for up to $65,000,000 on a Debt Indenture with an above-market interest rate to investors to Northwest Advanced Biofuels, LLC “NWABF”, a renewable Jet fuel development company.
- Final engineering and facility designs,
- Leasing the land,
- Finalizing the contracts feedstock agreements,
- Securing construction contracts and
- Acquiring permission for developing a 60 million gallon per year (“MGPY”) commercial scale.
It will also assist in developing the woody biomass to SAF facility in the northwest at a strategically selected Site in the Columbia River Corridor dividing WA and OR.
“This deal will make history as one of the largest and most impactful green jet biofuels deals to enter the blockchain,” said Stan Kastleman, Manager of World Class Holdings.
He further adds,
The World Class Holdings, LLC tokenization of up to a 65-million-dollar debt to Northwest Advanced Biofuels offers the opportunity to accredited investors for financing based on the development of a biofuel facility in the Pacific Northwest.
- A 10-year off-take agreement from Delta Airlines for sixty million gallons of biofuel per year.
- NWABF has executed an MOU with Stonepeak concerning a commitment by one or more affiliates of Stonepeak for construction equity up to $600 million.
- Construction debt sources currently identified by one of the largest investment firms in the US for over one billion dollars.
To represent the loan, World Class Holdings, LLC will issue 65,000 security tokens at $1,000 per token with a minimum investment of 33 tokens ($33,000) by accredited investor or qualified purchasers. World Class Holdings, LLC will also acquire an Indefinite annual Non-Dilutable Lender Cash Payment once Northwest Advanced Biofuels begins commercial operations.
World Class Holdings, LLC “WCH” is a private fund concentrated on sustainable projects and raising capital with the use of blockchain technology. The mission of World Class Holdings, LLC is to help companies create a greener environment with environmentally friendly projects. At WCH, the team believe it is everyone’s responsibility to take care of the planet. Not only for the future generations but the ones in the present day.
WCH uses advanced technology that is designed to reduce the negative impact of human activity on the environment. The company focuses on science, research, and cooperation through which they can achieve a sustainable environment for all.
Potential clients and interested traders can learn about World Class Holdings projects at: www.worldclassholdings.biz. READ MORE