Planet Resource Recovery will supply PetroLuxus products, technical advice and assistance on the design and development of the process. Affordable Bio Feedstocks will develop and build the modular process units, and will also own the process technology and equipment.
Affordable Bio Feedstock has been in discussions with numerous domestic and international biodiesel producers seeking an affordable alternative feedstock.
Affordable Bio Feedstock has purchase commitments from biodiesel producers approaching 50 million gallons of raw feedstock annually once the technology is developed and deployed. This quantity of raw feedstock represents an estimated $25 million per year revenue stream for Planet Resource Recovery.
Rising commodity prices for feedstocks have reportedly hindered the growth of the biodiesel manufacturing industry. Surging raw feedstock costs have halted the construction of new biodiesel plants and have greatly narrowed margins of existing producers.
