Sparks, Nevada [RenewableEnergyAccess.com] Tech Laboratories, Inc., a biofuels company, signed a letter of intent (LOI) to acquire Biodiesel Solutions, Inc. (BSI). BSI manufactures the BiodieselMaster, a factory- built biodiesel processing plant that is scaled for customers ranging from small communities and farms to farm co-ops and trucking fleets.
The landmark acquisition furthers Tech Laboratories’ stated mission to augment core operations and assets through opportunistic acquisitions of renewable technologies and products.
The BiodieselMaster is a community- scale biodiesel processing unit that is designed to produce 350,000 gallons of biodiesel per year. The design provides a biodiesel production system that is continuous, flexible, efficient, affordable, and fully automated. The automated control system minimizes labor costs and facilitates remote diagnostics.
BSI spent more than two years developing the BiodieselMaster, which uses exclusively licensed technology as well as internally developed intellectual property (IP) to process 1,000 gallons of feedstock per day into biodiesel. BSI has concluded six months of field trials that demonstrated the unit’s ability to meet ASTM fuel quality standards.
Rudi Wiedemann, Chief Executive Officer of Biodiesel Solutions, and a seasoned Silicon Valley executive. “We look forward to working with John and his team to begin making a considerable impact in the burgeoning industry for biofuels.”