Blackhawk acquires biodiesel production plant
May 29, 2008 2:41 PM
Blackhawk Biofuels LLC has acquired the assets of a 45-million-gallon-per-year biodiesel production facility under construction in Danville Il from Biofuels Company of America LLC, according to Blackhawk information.
Renewable Energy Group Inc (REG) will manage operations and staff at the Danville facility, procure feedstocks, and market the biodiesel through REGís national distribution channels as part of a management, operations, and services agreement with Blackhawk Biofuels. The facility is located adjacent to a soybean crush facility owned by Bunge North America.
The facility was designed to exclusively use vegetable oils, however Blackhawk Biofuels is partnering with Renewable Energy Group Inc to upgrade the plantís process technology to allow for multiple feedstocks to be utilized to produce high quality biodiesel.
Biodiesel production is projected to begin as early as fall 2008.
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