Extreme Biodiesel seeks acquisition of Promethean Biofuels
Extreme Biodiesel announced it has entered acquisition discussions with Temecula, Calif.-based Promethean Biofuels, a community-scale biodiesel producer and cooperative corporation that provides waste oil and used motor oil collection services and, along with biodiesel, produces green chemicals and fertilizers available to its co-op members.
“This relationship between Extreme Biodiesel and Promethean has flourished over the past several years, with talks of an acquisition having taken root several months ago,” said Joe Spadafore, Extreme Biodiesel’s corporate secretary. “This is an outstanding opportunity to expand the company in the industry with a means to enter into a cooperative environment through an established company with over 300 existing clients. This addition to Extreme Biodiesel, we anticipate, can be another solid revenue-generating venue for the company.”
Extreme biodiesel stated that Promethean Biofuels strives to provide members with high-quality products at substantially lower prices and also offers consulting services in the industrial waste processing and biofuels production arena. “Promethean is known for carrying top-quality national and regional brands of chemicals, with 100 percent satisfaction guaranteed, at prices consistently below traditional wholesale or retail outlets,” Extreme Biodiesel stated in a release.
Also available to Promethean Biofuels members are its line of industrial products and fuels, including methanol, solvents, surfactants, adjuvants, and ion exchange resins, and other chemicals used in the production of biodiesel or biomass-based chemicals.
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