Thor Renewable Energy, Inc., a Singapore based company, has set its sights on Central Florida. It hopes to open a new biodiesel manufacturing plant in Palm Bay that will create 70 new jobs and promote the alternative fuel sector in the area. The company already has a Technology Research and Development plant at the Melbourne Airport in Central Florida.
Bank of America, Central Florida’s second largest bank, has also taken a step towards green business. It has pledged $50 billion over the next ten years to “help address climate change, reduce demands on natural resources and advance lower-carbon economic solutions.” Bank of America hopes to achieve this goal by lending to environmentally friendly business and making green capital investments. The Bank is focusing on renewable energy, recycling, efficiency, and reducing its corporate carbon footprint.