Gulf Hydrocarbon enters offtake agreement with Methes Energies

By | July 14, 2008
Houston-based Gulf Hydrocarbon Inc. has entered an offtake agreement with Methes Energies Canada Inc. to purchase the total biodiesel production of the company's new 6.6 MMgy facility in Sombra, Ontario.

Under the one-year, automatically renewable agreement, Methes Energies Canada can reserve 10 percent of its monthly production for other clients. The floating price that Gulf Hydrocarbon pays for the fuel will be based on the net price per gallon for regional ultra-low sulfur diesel in the United States.
 
 
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