"You couldn't ask for a better location for this facility than right here in the heart of soy country," said James Galyen, a partner in Seymour Biofuels LLC. "The flexibility and simplicity of the Benefuel refinery will allow us to process a much broader range of feedstock in a much more profitable and environmentally friendly way. The valuable glycerin commodity and use of local feedstock will make this plant a model for distributed fuel production. This brings our energy supply back home."
Officials with both companies expect to begin production later in 2008.
About Benefuel, Inc.
Benefuel, Inc. is a new-generation biodiesel refining and distribution company whose streamlined production process allows for distributed and scalable biodiesel plants that leverage local resources, enable cost advantages for producers and distributors, and facilitate expansion of the biofuels market. Benefuel's proprietary catalytic technology -- developed by a world-leading chemical engineering laboratory -- eliminates the need for washing biodiesel in the refining process and expands the range of viable feedstock options to include high FFA animal fats, crude vegetable oils and waste oils, thus reducing the environmental footprint of biodiesel production and ensuring consistent access to feedstock across developing markets. Benefuel's refining process yields a market-ready, 98% or higher, pure glycerin -- eliminating the crude glycerin waste stream typically found in biodiesel production today and generating significant additional revenue.
About Seymour BioFuels LLC
Seymour BioFuels LLC is a closely held renewable energy investment
company. It has completed a feasibility study and plans to construct a new
biodiesel facility in Seymour, Ind. Benefuel's patented technology will
allow Seymour BioFuels to use multiple feedstocks and produce a premium,
|SOURCE Benefuel, Inc.|
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