Bank of Albuquerque Helps Finance Biodiesel Project in NM

[New Mexico Business Weekly] ARES Blue Sun Development LLC has signed an agreement with Bank of Albuquerque to help finance a new biodiesel production plant in Clovis, N.M. ARES Blue Sun is a joint venture company formed early this year by engineering firm ARES Corp. and clean-fuel producer Blue Sun Biodiesel LLC of Colorado. The joint company has, in turn, formed Clovis Biodiesel LLC as a wholly owned subsidiary to run the Clovis plant. Construction on the $16 million facility is set to start in early April. When the plant becomes operational in late 2007, it will produce 15 million gallons of pure biodiesel annually.
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