B151 and Bio Evolution have agreed to start the development of B-100 biodiesel plants in the state of Arkansas.
The plants, when completed, are expected to each produce approximately 3.6 million gallons per year (MGY) of advanced biofuels, and biomass-based diesel from waste vegetable oils and animal fats.
These new facilities will be geographically distributed to meet the needs of fuel producers mandated by the EPA’s Renewable Fuel Standard (RFS-2) to utilize 1500MGY of advanced biofuels in 2012 and it doubles to 3000MGY in 2016.
The material definitive agreement, executed on 15 March 2011, is expected to close within 30 days.
