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Pax Clean Energy Inc (PK:PXCE)

Business Focus: Biodiesel

Sector:  Energy Industry:  Renewable Fuels
 
Company Contact
Address: 1278 Laurel Rd
NORTH SAANICH BC V8L 5K8
Tel: N/A
Website: N/A
IR: N/A
Key People
Paul Leslie Hammond
President, Director
   
Business Overview
Pax Clean Energy, Inc., formerly Pax Biofuels, Inc., is a development-stage company. The Company intends to be in the business of producing and distributing biodiesel fuel. Pax Biofuels intends to construct and operate a 30,000 metric ton per year biodiesel processing plant to be fed with a rapeseed oil crushing plant, which it also intends to construct and operate. The Company's plant will be located in Serbia, formerly part of Yugoslavia. Pax Biofuels anticipates that its primary source of revenue will be the sale of biodiesel, both in blended and unblended forms with petroleum-based diesel fuel.
Financial Overview
For the nine months ended 31 January 2009, Pax CleanEnergy Inc revenues was not reported. Net loss decreased 4%to $117K. Lower net loss reflects Travel decrease of 83% to$1K (expense), Management fees decrease of 5% to $54K(expense), Office Supplies decrease from $1K (expense) to$0K.