Newly acquired biodiesel plant ramps up production
After acquiring e-biofuels’ biodiesel production facility in May earlier this year, biofuels producer Imperial Petroleum has announced that the plant is making significant progress.
In July 2010 the plant produced 1.2 million gallons of biodiesel, creating $3.5 million (€2.7 million) in revenues. According to Imperial this increased to 1.4 million gallons and $4 million in revenues by August 2010.
The newly purchased facility has a total output capacity of 15 million gallons of biofuel but manufactured just 7 million gallons last year.
‘As a result of the mandates under the Renewable Fuels programmes, e-biofuels has been in a unique position to take advantage of its certification as an advanced biofuels producer to rapidly increase its market presence,’ Jeffrey Wilson, president at Imperial Petroleum said. ‘Our products are sold to some of the largest retail outlets and truck stop owners in the United States.’
In July 2010 the plant produced 1.2 million gallons of biodiesel, creating $3.5 million (€2.7 million) in revenues. According to Imperial this increased to 1.4 million gallons and $4 million in revenues by August 2010.
The newly purchased facility has a total output capacity of 15 million gallons of biofuel but manufactured just 7 million gallons last year.
‘As a result of the mandates under the Renewable Fuels programmes, e-biofuels has been in a unique position to take advantage of its certification as an advanced biofuels producer to rapidly increase its market presence,’ Jeffrey Wilson, president at Imperial Petroleum said. ‘Our products are sold to some of the largest retail outlets and truck stop owners in the United States.’
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