Solfuels USA Acquires Biodiesal Refinery In Helena, Arkansas
12/20/2016
According to the Arkansas Economic Development Commission, facility is a 40 Million Gallons capacity biomass-based diesel refinery situated on a 38.2 acre property, with the ability to handle truck, rail and barges alongside the Mississippi river.
Solfuels USA LLC plans include the retrofit of this facility to use multi-feedstocks and expect the facility to be fully operational beginning in the 2nd quarter of 2017. This venture will add up to 15 jobs in the city of Helena, Arkansas and another 3-5 in Memphis, Tennessee.
Henri J. Bardon who is the CEO of Solfuels USA said: “We believe that an acquisition of a plant in the USA, together with a strong partner like Agritrade Resources, is the perfect combination and timing as the mandates (RVO) recently confirmed by the EPA through 2018 is now creating a much larger market for Biomass-based biodiesel."
“We are convinced that local biodiesel production capacity in the US remains largely underinvested and the location of this plant 60 miles south of Memphis, with its multi-modal logistical capabilities, makes it an ideal location from which to distribute biodiesel,” he added.
Solfuels USA has plenty of space to expand as necessary its operational and/or supply chain capabilities in Helena, Arkansas. Solfuels has been trading and contract manufacturing biodiesel for export to both Europe and the USA for many years and this venture together with Hong Kong-based Agritrade Resources is their first plant acquisition in the USA, state officials said.
Project Announcements
Japan-Based DENSO Expands Athens, Tennessee, Manufacturing Operations
11/02/2024
Western Smokehouse Partners Plans Mexico, Missouri, Manufacturing Operations
11/02/2024
Ridgenet Network Group Expands Pulaski County, Kentucky, Manufacturing Operations
11/02/2024
BENTELER Automotive Corporation Expands Duncan. South Carolina, Operations
11/02/2024
Graham Packaging Expands Tangipahoa Parish, Louisiana, Production Operations
10/30/2024
OmniaBio Plans Hamilton, Ontario, Manufacturing Operations
10/30/2024
Most Read
-
Top States for Doing Business in 2024: A Continued Legacy of Excellence
Q3 2024
-
The Role of Rail in Industrial Development
Q4 2024
-
Cold Storage: The Next Big Thing in Industrial Real Estate
Q3 2024
-
Exploring the Dynamic Landscape of Industrial Packaging Solutions
Q3 2024
-
Which AI Tools Work for Job Recruiters?
Q3 2024
-
Permitted Power Capacity Foreshadows Health of Regional Economies
Q3 2024
-
What If the Longshoremen's Strike Had Persisted? Examining the Potential Economic Fallout
Q4 2024