A $300 million investment commitment, to fund the construction of four, next generation, bio-refining facilities, has been made by the private equity group First Reserve Corporation to Osage Bio Energy

"We are extremely excited about this milestone and our partnership with First Reserve. Their commitment confirms the validity of Osage Bio Energy’s unique business model and provides us the financial resources, as well as industry expertise, to make our plans a reality," said Craig Shealy, President & CEO of Osage Bio Energy.

"Osage Bio Energy offers First Reserve the opportunity to build on its existing knowledge and background in the alternative energy sector," said Glenn Payne, Director at First Reserve Corporation. "The competitive pricing position derived from using a barley-fed plant combined with the lack of ethanol supply to the Southeast, makes Osage Bio Energy an attractive investment for us. They are a world class team, using proven technology and a differential business model that is superior to any (of the many) that we have evaluated."

Osage Bio Energy says it is committed to operating as a sustainable, environmentally responsible company. The ethanol it produces will, says the company, primarily be produced from regionally grown barley and will be an advanced biofuel as defined by the Renewable Fuel Standard (RFS).

It has also negotiated an exclusive agreement with KATZEN International, for exclusive use of KATZEN technology, capable of producing ethanol from barley, within a 200-mile radius of each plant site.

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