Owensboro Grain is the latest company to join the ranks of biodiesel producers with the opening of its 50-million-gallon-a-year biodiesel plant.
This article on Grainnet.com says the biodiesel operation is a natural progression for the 101-year-old company that started out as a small grain merchant:
The company started out shipping corn on barges, according to John Wright, vice president of strategic planning and development, and a fourth-generation family operator of Owensboro Grain.
He says in the 1950s, his grandfather evolved the company into soybean processing, recognizing early on that soybeans would play a significant role in the economy.
“In 1995, we evolved again by getting into vegetable oil-refining, so opening a biodiesel plant is the next progression for us,” Wright said.
“I believe my great-grandfather and grandfather would be extremely proud.”
The company produces 75 million gallons of soybean oil a year, so its feedstock supply seems to be in good shape right now.
The National Biodiesel Board says there are now 151 biodiesel plants across the country pumping $24 million into the U.S. economy.


State Treasurer Bill Lockyer lauded the state’s move to assist the renewable fuel company.
Most people would agree, one of the smartest places in the country (and on the Earth, for that matter) is the Massachusetts Institute of Technology… better known as MIT. Well, the school is more than just smart… it’s green!
In April, the Biodiesel@MIT student group won a $25,000 grant through the Ecomagination Challenge sponsored my mtvU and GE, allowing them to purchase a biodiesel processor. The processor will convert used vegetable oil from dining halls into biodiesel fuel that eliminates sulfur dioxide emissions and produces 68 percent less carbon dioxide than petroleum-based alternatives, according to the group’s Ecomagination proposal.
With the slogan “Fueling America, Feeding the World,”
As the 
Indiana Senator Richard Lugar will give the keynote address September 15 at the official opening of the