Genuine Bio-Fuel expands biodiesel operations to Puerto Rico
Genuine Bio-Fuel Inc., headquartered in Indiantown, Fla., is expanding its operations to the northeastern Caribbean region with the development of new subsidiary, Caribbean Bio-Fuel Inc. The new company will be based in Puerto Rico and will service Caribbean and South American markets.
These emerging markets will be able to capitalize on GBF’s proprietary technology, which allows it to reduce the biodiesel production time from hours to mere seconds — without creating any hazardous by-products in the process. Executive Vice President Jeff Longo noted the Caribbean Bio-Fuel plant would have the capacity to produce about 12 MMgy.
The new facility is 35,000 square feet and is slated to open March 2013 employing approximately 12 to 18 people at launch. The raw materials and multifeedstocks will come from Puerto Rico and surrounding islands. “This is an exciting time for Genuine Bio-Fuel,” Longo said. “This expansion allows us to be a global competitor in the alternative energy industry, but our mission will ultimately remain the same. With Caribbean Bio-Fuel we strive to build an environmentally responsible facility, create jobs, and help spur economic growth in this region.” Longo also looks forward to developing other coproducts unique to this region.