QFI Biodiesel, a 19 MMly (5 MMgy) biodiesel manufacturing plant based in Saint-Jean-sur-Richelieu, Quebec, has changed its name to Evoleum to “reflect the evolution of oil,” the company stated. In addition to its rebranding, the company also launched a new website.

Evoleum says after QFI Biodiesel was founded in 2010, it faced major growth challenges, to which it responded by bringing in an experienced management team capable of piloting a sharp increase in production. Solid investors were also brought onboard.

The company supplies biodiesel and biobunker from recycled materials such as used cooking oil.

“An interesting benefit is that switching to biofuel will earn companies credits in the carbon market,” said CEO Dominic Voyer. “In Montreal in July this represented an immediate discount of 4.8 cents a liter on biodiesel.”

Biodiesel and biobunker provide a broad response to public pressure for more ecofriendly products, Evoleum stated, as well as environmental regulations of many sectors, including commercial transportation, mining, municipalities, manufacturing, construction and educational institutions. “The transition to these green fuels could not be simpler, as they require no modification of equipment and immediately improve the ecological and financial bottom line of operations using them,” stated the company.