ITG Corporate Overview:
Innovative Technologies Group Inc. ("ITG" or "the Company") is a growth-oriented, technology company that believes by bringing new technologies and innovations to commercialization, we will provide the marketplace with enhanced and lower-cost solutions to meet the needs of individuals and companies. ITG's strategy is to develop, scale and generate revenue from our proprietary technologies. Our initial focus has been to create nature-based solutions to replace chemical and fossil fuel-based processes and end products.
The Company was founded in 2019, is headquartered in Jacksonville, FL., and is led by a seasoned team of business and engineering professionals and shareholder-value focused Executive Management Team and Board of Directors.
ITG's Renewable Energy Division: It has always been ITG’s plan to create biomass based to biofuel facilities in the United States and other countries. Because of an opportunity to partner with a like-minded company we have been able to expedite this process. After discussions beginning over two years ago, ITG is excited to partner with Tennessee Renewable Syngas in order to create synthetic diesel plants throughout the United States and overseas employing a patented technology utilizing low cost feedstock. Our first two projects will be in Western Tennessee in an economically depressed area. The facilities will have a combined cost of $85 million. We are hopeful to be in production in both facilities by the end of 2023.
Currently, the Company is focused on the following activities:
Finalizing and completing production for the first processing plant in Tennessee.
Completing financial and engineering models of the Company's processing plant in Tennessee and future processing plants.
Finalize agreements for joint ventures.
Evaluating potential new processing projects, joint venture opportunities and potential acquisition opportunities.
Ongoing development of innovative patent designs to develop lower-cost processing systems and applications.
Adding qualified members to the Company's Board of Directors and Board of Advisors.
Chief Operating Officer