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Glenn Farris graduated from the University of Alabama in 1978. He began his career at Dean Witter where he specialized in municipal bonds and finance. In February, 1987, Mr. Farris held the first meeting concerning the financing of the acquisition of the patents for the LIVG (low-inlet velocity gasification) process from Battelle Memorial Institute. The SilvaGas® technology was developed at the Battelle labs in Columbus, Ohio, over the course of several years with approximately $20,000,000 in funding from the U.S. Department of Energy. Mr. Farris was able to successfully negotiate and close the acquisition of the patents to the SilvaGas® process, then known as the LIVG, from Battelle with a newly formed company, BG Technologies, Inc. The next four years were spent in preparation for the LIVG process for commercial demonstration. In order to develop a commercial scale unit for demonstration, Mr. Farris acquired additional funding from Mr. John Williams, Chairman of the Board of Post Properties, Inc. A new Company was formed Future Energy Resources Corporation (FERCO) the predecessor of FERCO Enterprises. BG Technologies, Inc. was dissolved and all assets (the LIVG patents) were transferred to FERCO in September 1992. |
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August 1-3 |