According to Samia, the transition to renewable energy is no longer a question of choice, but rather a necessity in order to effectively address: (1) national security through energy independence; and (2) environmental concerns and greenhouse gas emissions.
Samia outlined IC Green Energy's "12-12 Vision" to be one of the 12 leading companies worldwide in the field of renewable energy by 2012. In order to achieve this goal, the company aims to process 4-5% of the global biofuel market (~4 million tons) and construct 2-3 significant renewable energy (biomass or solar) power plants in the next few years.
IC Green Energy's areas of activity are:
- biofuels – biodiesel and ethanol – based on existing, 1st generation technologies (just for market entry)
- energy from biomass – based on developing, 2nd generation technologies
- solar energy (photovoltaics and concentrating solar power)
- advanced technologies for clean energy
- carbon trading
- be big or go home – size does count; strive for measurable presence
- act with strong, strategic local partners
- vertical integrate, when practical, its supply chain
- plan, organize and produce globally while acting regionally/locally
- gain advantages in:
- cutting edge technologies
- risk management though purchase of raw materials and product sales
- local logistics and cost-effective production
IC Green Energy had made 3 undisclosed investments so far, and Samia hinted that a major investment related to cellulosic ethanol is in the works and might be announced soon.
IC Green Energy to enter Negev solar power plant tender