An independent Biochar Manufacturing Feasibility Study evaluating a integrated bio-carbon (biochar) pyrolysis manufacturing facility in Indiantown, Florida.
INDIANTOWN, Florida — Wert-Berater, Inc., an independent feasibility study consulting firm serving lenders and government agencies since 1998, has completed a Biochar Manufacturing Feasibility Study in Indiantown, Martin County, Florida.
Wert-Berater served as independent feasibility consultant to the lender and USDA Rural Development. Party names are withheld consistent with the confidential nature of underwriting and capital-advisory work; figures represent the project as evaluated at the study date.
A $52,688,000 integrated bio-carbon (biochar) pyrolysis manufacturing facility producing approximately 28,750 metric tons annually — approximately $1,915.93 of invested capital per annual ton. Base-case revenue of approximately $34,375,000 is anchored by an industrial biochar offtake of $20,500,000 (59.7 percent of revenue) and carbon-credit monetization of $8,900,000 (25.9 percent), with the balance in specialty, energy, and soil-amendment channels. Projected EBITDA of $16,500,000 against annual debt service of approximately $4,012,000 yields a baseline coverage of 4.11x, with the Year 1 monthly ramp moving from 1.92x in January to 5.18x by December.
One of the first feasibility studies prepared under the USDA Timber Production Expansion Program (TPEP) framework in combination with a Business & Industry guarantee under 7 CFR Part 5001 — a dual-program structure for timber-feedstock bio-industrial manufacturing.
Continuous-pyrolysis vertical retort technology with more than thirty industrial installations, supplemented by fourteen traveling-grate systems deployed since 1986 — more than forty years of documented industrial operation, evaluated as proven process equipment rather than venture-stage technology.
Biochar sits at the intersection of commodity manufacturing and an immature carbon-credit market, and the study refused to let the second category carry the first. Revenue quality was tiered: contracted industrial offtake was underwritten as the load-bearing element, while carbon-credit revenue — a quarter of the top line in a market without mature price discovery — was stress-tested rather than capitalized at face value. Coverage holds above 2.5x even with EBITDA reduced 10 percent or rates up 200 basis points, and breakeven revenue of $21,884,566 sits 36 percent below base case. Equipment risk was addressed through deployment history rather than vendor representations. The favorable recommendation was explicitly conditioned on final underwriting validation, independent engineering confirmation, and covenant structuring — scope boundaries stated, not blurred.
Wert-Berater, Inc. is an independent feasibility study consulting firm founded in 1998, providing lender- and agency-facing feasibility studies, highest-and-best-use analyses, and capital-advisory support. The firm has completed more than 4,000 engagements across all 50 states and internationally, evaluating over $40.2 billion in project value for SBA, USDA, EB-5, conventional, and institutional financing decisions. In every engagement, fiduciary duty runs to the lender and the applicable agency.
Media contact: Donald Safranek, MSc, President, Wert-Berater, Inc. — +1 310-857-2443 ext. 800. Press inquiries only; client, lender, and property identities remain confidential.
President, Wert-Berater, Inc. — independent feasibility study consultants since 1998. More than 4,000 feasibility studies completed across all 50 states and internationally, evaluating $40.2 billion in project value for SBA, USDA, EB-5, conventional, and institutional financing decisions. Fiduciary duty runs to the lender and agency in every engagement.
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