AgriFuel acquires interest in biodiesel plants

By | April 25, 2007
New Jersey-based AgriFuel Co. acquired interest in two biodiesel plants recently. AgriFuel now owns 45 percent equity in United BioFuels Inc. in York, Pa., with an option to increase its stake to 60 percent. It also gained a 52.5 percent stake in Buffalo Biodiesel Inc. in Tonawanda, N.Y., with an option to buy the remaining stock. In addition, the company is close to finalizing a purchase of a Midwestern biodiesel producer, said AgriFuel Co. President Dylan Remley.
 
 
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