Tri-State Biodiesel and Lard-NABF LLC (LARD), both based in the New York-New Jersey area have purchased and are upgrading Connecticut-based Bridgeport Biodiesel. Biodiesel Magazine reports the venture brings together a major cooking oil-to-biodiesel recyclers with one of few biodiesel production facilities in the area.
Through this deal, Bridgeport Biodiesel also leverages [parent company The Sustainable Biodiesel Company (TSBC)’s] extensive biodiesel fuel distribution network, supplying both wholesale and retail products to gas stations, trucking fleets and heating oil consumers throughout the region.
Bridgeport Biodiesel is a fully permitted and operational 1-3 MMgy biodiesel facility constructed in Bridgeport, Connecticut’s visionary Eco-Industrial Park. Fully operational in 2012, the plant is engineered and permitted to produce biodiesel from a variety of feedstocks, including yellow and brown grease. Ownership of the plant is transferred to the TSBC/LARD partnership with Tri-State Biodiesel’s CEO, Brent Baker, as the new operations director of the facility.
The partnership also pledges additional capital to upgrade the plant with robust new third-generation technology, which dramatically increases the efficiency and throughput capability at the site. Completion of the expansion is expected by 3Q of 2014, bringing the total biodiesel production capacity on site to 8-10 MMgy.
TSBC is also looking for more space to make room in the same area for its algae oil partnership with The BEAR Group.