GFEx trades biodiesel feedstocks

November 20, 2007

In October, Des Moines, Iowa-based Green Fuels Exchange Inc. opened its Web site, www.gfex.org, for the trading of biofuels and their raw materials. GFEx is an online marketplace for producers and buyers in North America to enter into contracts for sale. There is no minimum amount required for a contract to be listed. At press time, there was one contract posted to sell biodiesel and six posted to buy the fuel. There were also 10 contracts wanting to buy biodiesel feedstocks.

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