Blue Diamond Ventures Inc. has announced plans to build ethanol and biodiesel facilities in Oklahoma and Belize, according to a company release.

“As nature’s partner, we are committed to addressing the world’s energy shortages by utilizing alternative fuels made from renewable resources,” said Blue Diamond Chairman and CEO John Quincey Moaning, noting the company plans to develop processing technologies and methods to increase yields from feed stocks.

Blue Diamond plans to initially construct a 3.5 million gallon per year (MGY) ethanol facility and a 5 million gallon per year (MGY) bio-diesel facility in Belize. The company anticipates using sugar cane and molasses as the main feed stock for the ethanol. The bio-diesel will be manufactured from vegetable oils such as soy beans, canola and palm and from animal fats processed at Blue Diamond’s facilities.

The company also has an interest in goats, with plans to break ground this year on a million dollar goat processing facility in Belize and aggressively market the world’s most eaten meat throughout the U.S., Central America and the Caribbean. Blue Diamond will utilize 3,000 acres in Belize and 1,200 acres in Oklahoma for a goat ranch, research center and processing facility.