Global Alternative Fuels closes $20 million loan

By | August 08, 2008
Global Alternative Fuels LLC recently announced a $20 million loan agreement with North American Development Bank to fund a two-phase biodiesel project in El Paso, Texas. The 5 MMgy biodiesel plant currently being built will be expanded to 25 MMgy in a second phase of construction. The goal of the project is to reduce emissions produced from cross-border traffic in the El Paso, Las Cruces and Ciudad Juarez region by producing and utilizing biodiesel.
 
 
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