World Energy, USA announced on 31 August that it has acquired Elevance Natchez Inc (ENI)’s 72M gallons/year biodiesel refinery on the Mississippi River in Natchez, Mississippi.
World Energy had been supplying biodiesel from the plant under a production contract with ENI since January 2013, said Biodiesel Magazine.
The move follows on from the acquisition of a Green Earth Fuels 90M gallons/year biodiesel plant in June by World Energy and its joint venture partner, Biox Corp. The plant, now called World Energy Biox, is located at the Kinder Morgan Liquid Fuels Terminal on the ship channel in Galena Park, Texas and is in the final stages of preparation for production start-up, according to World Energy.
Biodiesel Magazine said World Energy and Biox also announced the establishment of a 315,000 barrels multimodal biofuels distribution centre in June. Known as the Houston Hub, the centre was located at Kinder Morgan's Galena Park Terminal and was fully integrated into Houston's petroleum distribution network by truck, rail, barge, ship and pipeline, the report said.
“The acquisition of ENI’s Mississippi River plant expands on the initiatives we took earlier this summer with Biox," said World Energy CEO Gene Gebolys.
“Advanced biofuels are here to stay but they won’t be fully mainstream until we integrate our 21st century fuels into the sprawling production and distribution complex established for traditional fuels in the 20th century. That system originates in the US Gulf so we need to originate there too with both production and distribution. The Natchez and Houston operations now combine to enable us to supply BQ-9000 quality biodiesel in the Gulf at a scale and level of integration never before available.”