Panel Tech Industries, LLC
A PROJECT TO REBUILD HOUSING LOST TO HURRICANE KATRINA
The firm will create 10 manufacturing sites for the production of building panels for the construction of low cost housing. The panels, four feet by eight foot by Ύ inches to 3 inches are made from wheat straw, a renewable crop that saves the cutting of ten million trees each year. We also have the technology to utilize waste or water logged building profiles like two by fours, four foot by eight foot sheets of plywood and recycle them into new composite construction materials.
We seek the amount of 1.1 billion dollars to complete our
goal of producing 21,621 homes in the 2007 2011 year for the folks who lost
their homes in
Our product is toxic free offering our employees a safe work environment rather than working with toxic formaldehyde binders as utilized in tree based production.
Our raw material cost (wheat straw) is half the cost of wood particle board. Thus, we can construct low cost homes for groups such as Habitat for Humanity at a cost of seven thousand dollars less per home than a wood based home. These homes are 1200 square foot in size.
Our raw material, wheat straw, purchased from local farmers will supplement their farm income, in some cases be the deciding factor to profitability. Currently, only nine percent of the nations wheat straw is sold into the market. Farmers have the option of plowing the straw back into their fields, an added cost in the production of wheat or burning the straw in the fields adding to the pollution problem.
The project will build a total of 21,621 homes in a
forty-eight month period of time being 2,162 homes per manufacturing site. We have the technology to build interior and
exterior walls, flooring and roof sheeting for each home. We will donate the
homes to Habitat for Humanity, the second largest builder in the
We also have the technology to recycle destroyed wood building products from the hurricane, sanitize the fibers and build composite kitchen cabinets and bath vanities. The cabinets are then painted or plastic coated based on the homeowners preference.
Estimated Direct & Indirect Jobs Created: Each site will employee 220 persons or 2200 persons for all ten sites. Each site will create 105 indirect jobs or a combined indirect jobs of 1050 for all ten sites.
Thomas Kovalchek, George Tyson and Frank Stilley will lead a team of seven engineers in the development of the wheat straw project. Each individual has over twenty years in the production of fiber/ panel board business. Kovalchek started out in the sugar cane industry utilizing sugar cane fibers in the production of composite shipping pallets and deck boards.
Tyson worked with wheat straw fibers and recycled plastic in the production of fence post with a 50 year life cycle. He is the holder of three patents in the processing of fibers by the steam exploding method.
Tyson and Kovalchek have a
combined 47 years experience in the home building industry with home
Frank Stilley has 30 years in the particleboard business selling panels to the furniture grade.
Lee Kunes, Founder of EarthWorks Intl, a private investment and economic development company dedicated to the environment industry will head the start-up of each panel board site and its efficient production of homes, on time, quality construction and on budget.
Highly experienced in the development of new companies, creating and sourcing business opportunities and in developing projects.
Allocation of Funds by Item:
Manufacturing equipment, Land and Buildings .$300,000,000.
Donations of Modular Homes: unit cost of $37,000
Year One $ 50,000,000 1,350
Year Two $ 300,000,000 8,110
Year Three $ 300,000,000 8,110
Grand Total $800,000,000 21,621
ALLOCATION OF FUNDS by PHASE:
Phase One: 1ST Quarter $145,000,000
Included is feasibility study by The Rutland Group
Engineering study by The Etruscan Group
Phase Two: 2nd Quarter 100,000,000
Phase Three: 3rd Quarter 20,000,000
Phase Four: 4th Quarter 35,000,000
1st Year Total ..$300,000,000
Phase Five: 2nd Year Total ..$400,000,000
Phase Six: 3rd Year Total $400,000,000
Total Project Cost $1,100,000,000
Merits of the Project
With the desired funding, the firm will build 21,621 new homes in an area that needs more than 65,000 homes right now.
The project will employee 2200 in the manufacturing of low cost homes and an additional 1,050 as indirect jobs.
Project will save the cutting of trees and farmers receive additional revenue if they sell their wheat straw rather than plow it under. Trees not cut will clean the air.
Wheat straw panels are
stronger than tree based fiber panels as tested by
Project is sustainable for forty years in that we can also sell wheat straw panels to the furniture trade thus generating funds to build additional low cost housing. Creating jobs on the farms eliminates the reason for young people to leave their home area to seek work.