Although it may sound fabricated given the particular biodiesel climate many in the industry hoped would be better by now, the following statement is true: "These are exciting times at our e-Biofuels subsidiary," says Jeffrey T. Wilson, president of Imperial Petroleum Inc. Wilson's statement relates directly to the recent success of e-Biofuels LLC, a Middletown, Ind.-based 15 MMgy biodiesel plant that, compared to 2009, reported a 339 percent increase in average monthly revenues and, compared to this July, reported a 61 percent increase in revenues for the month of September, netting $5.65 million in revenue for the month. Its success, it appears, is a case of addition by addition. Imperial Petroleum acquired the plant in May and by July, had the plant running at nearly 100 percent capacity. By September, the plant was producing almost another 10 MMgy for a production capacity nearing 25 MMgy. The additions don't stop there either. Wilson says the plant has plans to continue upgrading for more efficient production and will also add biojet fuel production capabilities.
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