Bioenergy

ABG Integrates Renewable Fuels into Energy Industry

Three new biodiesel-production facilities in North America, two in the U.S. and one in Canada, will be developed, constructed, owned and operated by ABG North America (a wholly-owned subsidiary of ABG Australia) and an investor who have formed a 50:50 joint venture entity.

Under the terms of the agreement, which was signed by Advanced Biodiesel Group (ABG) and a U.S.-based private equity firm, each party will contribute up to US$50 million to the joint venture, funding project development, construction, working capital and licensing fees. Each of the proposed facilities will utilize ABG’s own Modular Continuous Transesterification Process technology, essentially reproducing the design of the company’s recently commissioned 160 million liter per annum biodiesel plant in Narangba, Queensland, Australia. ABG plans to enter negotiations with feedstock suppliers who will provide the raw material for the biodiesel production. A formal review of logistics and available infrastructure will be an integral component of the process for each of the proposed facilities. “The commitment to becoming North America’s premier renewable energy company through the integration of biodiesel into the fuel chain is most important to us,” said Perry Toms, President and CEO of ABG North America. “Our intention is to provide the highest quality fuel with the best use of integrated feedstock.”