RENEWABLE ENERGY
DEBT OFFERING — 13% ANNUALIZED RATE
LEARN MORE ABOUT O-X INVESTMENTS
OFFERING HIGHLIGHTS
SIZE:
Up to $30,000,000
MINIMUM INVESTMENT:
$250,000. Reduced amounts permitted at discretion of the Sponsor.
CURRENT RETURN:
13% non-compounding cumulative annual return (paid quarterly)
INITIAL TERM:
December 31st, 2025
RIGHT TO PREPAY TEA LOAN:
Company Members shall be entitled to a Return calculated from the date a subscription is funded through June 30th, 2024 regardless of any earlier prepayment at any time.
SUBORDINATE CO-INVESTMENT BY SPONSOR AFFILIATE:
The Company will be senior to a minimum of $30,000,000 of equity invested by the Sponsor affiliates and approximately $8,000,000 of subordinated Sponsor affiliated debt.
INVESTOR REPORTING:
- Bi-annual performance Reports
- Audited year-end financial statements
- 1099 Tax Forms
ABOUT TEI RENEWABLE ENERGY
TEI Renewable Energy, LLC is an affiliate of Time Equities, Inc. (“TEI”), a privately held, diversified investment, development, asset/property management, and alternative energy company that has been in business for nearly 60 years. TEI holds a portfolio representing over $6 billion in value that includes a diverse mix of 350 residential, industrial, office and retail assets across 36 states, 5 Canadian provinces, Anguilla, Germany, Italy, the Netherlands, Scotland and Portugal, in addition to various non-performing loans, b-notes, and alternative energy investments.
In 2007, TEI established a Department of Sustainability in an effort to introduce energy efficiencies and reduce the overall carbon footprint of its real estate portfolio. Through the conceptualization, execution and ongoing oversight of these initiatives, TEI has gained broad knowledge and deep experience in various facets of the energy industry. This knowledge and experience facilitated the creation of a new entity – TEI Renewable Energy, LLC.
OLEO-X PROJECT OVERVIEW
OLEO-X makes ultra pure pretreated feedstock utilizing a patent pending combination of technology and proprietary processes that is used by refineries to create renewable diesel fuel. Renewable diesel can be used for trucks, trains, buses, boats, construction and farm equipment.
In June 2022, OLEO-X purchased an idled, nearly 60-acre chemical plant in the City of Pascagoula that was previously operated by a DuPont venture. Approximately 40 acres have been highly developed where the OLEO-X Project facility and equipment now sit. The remaining 20 acres are available for future brownfield development and expansion.
OLEO-X has reconfigured a portion of the equipment and infrastructure, successfully converting the site into a renewable diesel fuel feedstock pretreatment facility. The rest of the facility will remain decommissioned, however, available to brought online as the business grows. At present, the facility is designed to have the capacity to process 72,000 barrels per day and scaling up to an anticipated run rate of 75,000 barrels per day.
THE OFFERING
Proceeds raised from this offering in exchange for membership interests in O-X Investments LLC (“the Company”) will be used to fund a loan to Time Equities Associates LLC (“TEA:’) at a current 73% interest rate per annum. As collateral, TEA shall pledge and assign all of its right, title and interest in the OLEO-X Project, Facility and Vacant Land.
WHAT IS RENEWABLE DIESEL?
The offering of membership interests in the limited liability company is made only by a confidential private placement memorandum (the ‘PPM”). You must read the entire PPM in order to fully understand the risks related to the purchase of such membership interests. The information set forth herein is not indicative of future performance and there is no assurance that the investors will experience similar returns. No selling commissions will be paid from the offering proceeds but Time Equities Securities, LLC (‘TES’) will be paid fees by the Sponsor. Capitalized terms used herein, but not defined shall have the meaning set forth in the PPM. Time Equities Inc. and Time Equities Securities, LLC are affiliates. This offering is made through Time Equities Securities, LLC. A member of FINRA.
