LAS VEGAS, NV, Sep 25, 2008 (MARKET WIRE via COMTEX) -- Renewable Fuel Corp (RFC), a leading producer and supplier of biodiesel and biodiesel blended fuels in North America and in key International markets, is pleased to announce today the acquisition of Bio Refining Industries, Inc. (BRII) which owns two Indonesian biodiesel projects, licenses and plant properties with nameplate capacity of 400,000 Metric Tons (MT) per year of biodiesel.
The facilities are in the early stages of development in Dumai, Indonesia. When at full production capacity the plants will have the ability to produce 120 million gallons of B100 biodiesel per year. The plant projects are strategically located adjacent to a primary international shipping route and near Kota Dumai and the port. Additionally, there is a large of supply of agriculturally produced crude palm oil and jatropha, which will be used as feedstocks.
These plants, when combined with RFC's current facilities in Kuantan, Pahang, Malaysia, will create one of the largest premier biodiesel and biofuels manufacturers and distributors in the industry. The combined nameplate capacity of all three plant facilities will be over 600,000 MT per year yielding 180 million gallons of B100 biodiesel per year. RFC will also have a significant position in the carbon credits marketplace, with carbon credits produced for each ton of biodiesel created.
"I have a vision of building a company that can truly leverage the worldwide biodiesel opportunity," said William Van Vliet, Chairman of Renewable Fuel Corporation. "This new acquisition is an important addition in our strategy to build a diverse worldwide green fuel company. As Chairman I intend to pursue a strategy of creating one of the most advanced vertical providers in the biodiesel / biofuel industry. With these new biodiesel facilities we are well positioned to fulfill this strategy."
About Renewable Fuel Corp
Renewable Fuel Corp is a premier provider of biodiesel and blended fuel solutions worldwide. The company operates a biodiesel facility in Kuantan, Malaysia which produces biodiesel for sale in the United States and Europe. Renewable Fuel Corporation produces all of its biodiesel to ASTM and EN biodiesel standards. Additionally Renewable Fuel Corporation is a distributor of ULSD D2 diesel fuel; the company provides custom biodiesel blends for customers to meet requirements for renewable fuel mandates in the United States and worldwide. For more information, contact us a
The Department of Energy National Renewable Energy Lab (NREL) and USDA had produced the first
comprehensive life cycle inventory for biodiesel in 1998. That landmark research found a 3.2 energy balance for biodiesel, while petroleum diesel yielded 0.83 units of energy per unit of fossil energy consumed. The many changes that have occurred in the U.S. biodiesel and agricultural industries since the 1990s prompted researchers at the University of Idaho to update the study in cooperation with the USDA. Both the 1998 and 2007 study are based on biodiesel production from soybeans, which according to U.S. Census data is responsible for more than 80 percent of 2007 estimated biodiesel production. Biodiesels energy balance improved in the 2007 study even though the new analysis is more comprehensive than previous work, and even extends to the energy required to manufacture the farm machinery used to produce soybeans."The bottom line is that the energy balance of biodiesel has definitely improved in the last decade," says University of Idaho Department Head of Biological and Agricultural Engineering Jon Van Gerpen. "The increase in soybean yields and a decrease in herbicide use greatly contributed to the increased energy balance. Meanwhile, energy used for crushing soybeans is significantly lower than what was reported in the NREL study.
"For more on this study, read the news release,
"Biodiesel Yields Even Higher Energy Balance." Although the University of Idaho study has not been published yet, you can view presentation slides from the conference. ]]>Sunday October 22 , 2006 10 AM - 3:30 PM
The Magic of Biodiesel, UW Experimental College Class W203.
Serves as introduction to all things biodiesel and hands-on experience for those wanting to homebrew. Includes visit to home processor.
Location: On UW campus (register for exact location)
Fee: $52 non-students, $38 UW students
Register at: www.exco.org
For description: http://biolyle.com/workshops/expcollegew203.html
Saturday November 4, 2006 10 AM - 3 PM
Biodiesel Workshop on Whidbey
Serves as introduction to all things biodiesel and hands-on experience for those wanting to homebrew.
Location: Front Room, Bayview Cash Store, Bayview Corner, 5603 Bayview Rd, Langley, WA 98260 Fee: $50 or if financial need, sliding scale $30-$50. Max Enrollment: 30
Pre-Registration: $15 deposit via PayPal to: lylecroc@yahoo.com or check to: BioLyle's Biodiesel Workshop, PO Box 18924, Seattle 98118.
Class description: http://biolyle.com/workshops/phinney1.html
INTRODUCTORY CLASSES:
Biodiesel Basics
Intro class covering all aspects of biodiesel including titration, small-batch demos, and homebrewing. This class is one of the first for WA state's first center for the National Alternative Fuel Training Consortium.
Thursday November 2, 2006
6:30 - 9:30 PM
Shoreline Community College.
For description and registration, click here.
Biodiesel Basics
Safeco Jackson Street Center
306 23rd Ave. S., Suite 200, Seattle 98144
Finally, a South end venue!! Another intro class covering all aspects of biodiesel including titration, small-batch demos, and homebrewing.
Wednesday November 15, 2006
6:30 - 9 PM
Class fee: $15
Registration: required in advance
PayPal to lylecroc@yahoo.com
Checks payable to BioLyle's Workshop, PO Box 18924, Seattle, WA. 9