The company’s business plan seeks to identify opportunities to facilitate bio-diesel production by integrating the financial risk between feedstock, production and sales.
Following up on its initial successes at Legacy Oil New York, the company has identified a location and is currently in discussions with the first feedstock provider who will be able to supply up to 80% of the plant’s initial capacity of waste vegetable oil by late second quarter of 2009.
Alex Edwards III, CEO of Renew Energy Resources, said: We are extremely pleased with the progress we have made in pursuing a vertically integrated solution for New York City and are extremely excited to accelerate our entry into the Florida market.
