Bio Clean Energy SA wins $36M Bolivian biodiesel supply contract
Bio Clean Energy S.A. announced June 8 that its Bio Petro Biofuels subsidiary has won a contract to supply biodiesel to the Bolivian government-owned Yacimientos Petrolíferos Fiscales Bolivianos in a public tender process. YPFB provides about 90 percent of the fuel consumed in Bolivia, and the diesel fuel market is growing at a rate of more than 5 percent per year.
“This biodiesel supply contract is a milestone in expanding the customer base for our 50 MMgy Brazilian biodiesel plant,” said John Kaweske, chairman and CEO of Bio Clean Energy S.A. “The 80 percent reduction in particulate emissions provided by biodiesel is important for the improvement of air quality in Bolivia.”
Kaweske told Biodiesel Magazine the Bolivia contract calls for monthly volumes between 1.5 million and 3 million liters for one year, totaling between 18 million and 36 million liters (4.76 million to 9.5 million gallons) for the entire 12-month period.
“We look forward to expanding our biodiesel production capacity through capital investment and acquisitions to meet the growing demand for biodiesel and other renewable fuels in South America,” Kaweske said.
Headquartered in Denver, Colorado, Bio Clean Energy employs about 32 people in Brazil at its plant in Sao Paulo, which was constructed in 2008 and expanded in 2013 to produce refined glycerin.
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