Oilsource Holdings and Greenline Industries to Build Largest Biodiesel Plant In The Southeastern U.S.

December 18, 2007 – Vol. 12 No.39

Oilsource Holdings and Greenline Industries to Build Largest Biodiesel Plant In The Southeastern U.S.

The 60 million gallon per year plant is expected to be commissioned by the first quarter of 2009. The estimated $96 million plant will be located in Miami, Florida in a location with rail spur access for distribution within a ninety-mile radius of three of Florida's most important ports.

Felipe Cano, CEO of Oilsource Holdings, commented "Oilsource Holding has been studying the Sunshine State for the past two years, and we believe that now is the time to act. Florida has tremendous potential to become a leading player in the biofuel industry. Our unique strategy combines an integrated approach to harvest, production and distribution using marine-based logistics with a multifeedstock process that prioritizes oil from nonfood crops. This will enable us to provide our customers with a steady biodiesel supply at a competitive price".

Oilsource will use vegetable oil from nonfood crops (like jatropha and waste oil from restaurants) or those with less impact on the food chain (like palm or coconut oil).

In 2006 Greenline Industries installed more biodiesel plants than any other company in the United States, according to the company. (12/17/07)

Links:

Oilsource Holdings
http://www.oilsourceholding.com

Greenline Industries
http://www.greenlineindustries.com

Disclaimer, Forward-Looking or Safe Harbor Statement on original press release: No