Major Florida Biodiesel Production Facility Announced

Dec. 18, 2007
New plant, largest In Southeast, to be built by Oilsource Holdings and Greenline Industries

Oilsource Holding, LLC and Greenline Industries, LLC have announced a plan to jointly develop a 60 million gallon per year biodiesel plant, to be commissioned by the first quarter of 2009. The plant -- the largest in the Southeastern U.S. -- will be located in Miami, Florida, with rail spur access for distribution within a ninety-mile radius of three of Florida's most important ports.

The project is planned to be completed in three phases with a vertically integrated business strategy and reaching its target capacity in the third phase. The estimated $96 million investment will represent over $1 billion flowing through the economy of Florida.

According to company sources, biodiesel reduces greenhouse gases emissions by almost 80% and has lower level of emissions of several air pollutants compared to traditional diesel. Nevertheless, biofuels made from vegetable oil often competes with food security in some regions; such is the case of biodiesel from soybeans or ethanol from corn. In a nod to these issues, Oilsource says that it will use vegetable oil from non-food crops (like jatropha and waste oil from restaurants) or those with less impact on the food chain (like palm or coconut oil).

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