Blue Diamond Ventures, Inc. is an agriculture, biofuels, and commercial development company with operations in Belize and the U.S.  The Company recently announced plan to break ground this year on a million dollar goat processing facility in Belize and aggressively market the world’s most eaten meat throughout the U.S., Central America, and the Caribbean.  Blue Diamond will utilize 3,000 acres in Belize and 1200 acres in Oklahoma for a goat ranch, research center, and processing facility.  Local farmers in Belize and Oklahoma, under a cooperative agreement with Blue Diamond Ventures, will raise the goats and process them at the company’s facilities.  Blue Diamond’s business plan includes ethanol production, tilapia and shrimp aqua farming and raising thousands of acres of soybeans. 

On June 9, Blue Diamond Ventures announced it is confidently moving forward with its goal to build goat processing facilities and an ethanol plant.  Last month Blue Diamond submitted to the Belizean government a formal proposal for the purchase of the Libertad Sugar Factory.  The Libertad factory resides in the center of the country’s sugar cane production.  The Government of Belize acknowledged receipt of the proposal and responded they are not in a position to act on the offer from Blue Diamond until a stand-still period of 45 days has expired due to feasibility studies being carried out as a result of a recent Memorandum of Understanding. 

CEO John Quincey Moaning stated “we are aggressively pursuing other options including sites outside of Belize.  He went on to say he is “confident that within a short period of time that we will have a site located and we will begin construction of our ethanol production facility.” 

Blue Diamond plans to initially construct a 3.5 million gallon per year (MGY) ethanol facility and a 5 million gallon per year bio-diesel facility in Belize.  The company anticipates using sugar cane and molasses as the main stock for the ethanol.  The bio-diesel will be manufactured from vegetable oils such as soy beans, canola, and palm and from animal fats processed at Blue Diamond facilities.  As Belizean farmers grow more sugar can in anticipation of selling it to the ethanol facility, Moaning envisions expanding to a 50 million gallon per year facility.