Former Inland Empire Oilseeds plant restructures
TransMessis Columbia Plateau LLC, a wholly owned subsidiary of TransMessis Renewable Energy Inc., closed an approximately $6 million restructuring of the integrated canola crushing and biodiesel production operation in Odessa, Wash., formerly Inland Empire Oilseeds. This restructuring includes an operating agreement on the physical plant with the Odessa Public Development Authority, investment in working capital to allow an immediate restart of production, and additional investment to allow an approximately three-fold increase in the capacity of the plant.
The Phase One restart was expected to occur in December with a Phase Two expansion to be completed and operational by Feb. 1.
“We are excited to be able to bring the facility back on-line and ultimately live up to the expectations of the community,” says Damon Pistulka, CEO of TransMessis Renewable Energy. “This facility will be a source of 30-plus jobs, and markets for the local economy. This is a unique opportunity to start up a facility with a tremendous wealth of knowledge in place from day one.”
Once the planned expansion is completed, the Odessa facility will crush up to 300 tons of canola seed per day allowing for up to 10 MMgy of biodiesel.
TransMessis Renewable Energy Inc. is a joint venture founded by Evergreen Renewable LLC and Access Global Investments LLC.