Houston, Texas [RenewableEnergyAccess.com] Blue Diamond Ventures plans to build ethanol and biodiesel facilities in Oklahoma and Belize. The company, which has been in discussion with large refining and supply companies offering to purchase its energy futures, plans to initially construct a 3.5 million gallon per year (mgy) ethanol facility and a 5 mgy biodiesel facility in Belize. The company anticipates using sugarcane and molasses as the main feedstock for the ethanol. The biodiesel will be manufactured from vegetable oils such as soybeans, canola, palm and from animal fats processed at Blue Diamond’s facilities. The company chairman and CEO John Moaning envisions expanding the facility to 50 mgy as Belizean farmers grow more sugarcane in anticipation of selling it to the ethanol facility.