Tri-State Biodiesel signs sales contract, starts equity drive

By | November 10, 2006
In late September, Tri-State Biodiesel LLC signed a long-term biodiesel sales contract with Biofuel Brokers LLC. The contract calls for the future biodiesel producer's total output of 2.6 MMgy to be sold to Biofuel Brokers at a price indexed to petroleum. Tri-State Biodiesel plans to use recycled oils as a feedstock at a proposed plant in Red Hook, Brooklyn. The company opened its equity drive earlier in September. With the majority of funding raised through municipal bonds, the company expects to close the equity drive and begin construction in early November. Visit www.tristatebiodiesel.com for more information.
 
 
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