Beatrice Biodiesel receives cash pool to complete construction

By | May 14, 2008
A collateral agreement with a local bank will allow Beatrice Biodiesel LLC to complete construction of its 50 MMgy biodiesel production plant in Beatrice, Neb., and then position the plant for sale. The work is expected to be finished by early June.

When completed, the facility will produce soy-based B100 and "technical-grade" glycerin. Construction stalled when cost overruns and feedstock price increases forced plant owners to seek additional financial support and place parent company U.S. Canadian Biofuels on the market.
 
 
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