NABD provides funding for Texas biodiesel project

By Anna Austin | June 17, 2008
Web exclusive posted July 15, 2008 at 11:44 a.m. CST

Global Alternative Fuels LLC recently announced a $20 million loan agreement with The North American Development Bank to fund a renewable energy project in El Paso, Texas.

The $26.6 million project is to be completed in two phases. Phase one will consist of the construction of a 5 MMgy biodiesel plant, the second will expand the existing facility's capacity to 25 MMgy. NABD said first phase groundbreaking has already occurred and is "roughly 50 percent complete," with a target completion date set for late fall. Ground breaking for the addition is expected to begin shortly after completion of the first phase.

The driving force behind the project is the goal to reduce high emissions produced from cross-border traffic in the El Paso-Las Cruces-Ciudad Juarez region by producing and utilizing biodiesel. The facility intends to use yellow grease and animal fat feedstocks originating from within the region, as well as sources provided from a national commodity broker handling both products.

The biodiesel produced from the facility will be sold to Western Refining in El Paso, Texas, which will be blended with petroleum diesel for sale in the region.
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