Four Rivers BioEnergy acquires V-Fuels Biodiesel plant
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The decision to acquire the plant was simple, according to Four Rivers President and Chief Executive Officer Gary Hudson. "The plant was available, and we were able to negotiate an acceptable deal," he told Biodiesel Magazine.
Hudson said that although the plant is currently dormant, he believes it will soon become fully and commercially operational, offering plenty of scope for expansion. The technology accompanying the acquisition is multi-feedstock capable, allowing the utilization of a variety of feedstocks including used cooking oil.
Four Rivers is also developing a project on a 437-acre site near Calvert City, Ky.,-a 130 MMgy corn-based ethanol plant co-located with a 35 MMgy soy oil-based biodiesel plant, slated to be operational in 2010.
"In Calvert City we are arranging top-up financing, and are presently on schedule to start production in about nine months," Hudson said.
The Blyth biodiesel plant acquisition comes on the heels of Four River's acquisition of California-based Kreido Biofuels Inc. assets, which include Kreido's spinning tube-in-tube STT reactors and STT technology, as well as its modular biodiesel production plant equipment and related assets. (Read: Kreido Biofuels, Four Rivers BioEnergy complete sale)
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