BioSelect Fuels LLC – a division of Standard Renewable Energy – and oil-giant Chevron cut the ribbon on a new biodiesel plant in Galveston today (May 29th). According to this press release on Chevron’s web site, the refinery will start producing 20 million gallons of biodiesel a year with the capability of 110 million gallons… making it one of the first large-scale biodiesel plants in North America:

“Chevron’s investment is a tangible manifestation of the company’s strategy to invest in renewable energy technologies,” said Donald Paul, vice president and chief technology officer, Chevron. “Biofuels are playing an increasingly important role in diversifying our nation’s energy portfolio. With growing demand, the nation needs all the sources of energy to contribute to supply. Our involvement with BioSelect Galveston will allow us to apply our world-class capabilities in transportation fuel manufacturing and distribution while expanding our knowledge and experience in large-scale biofuels production,” said Paul.

“Chevron is setting an example for the energy industry by constant innovation and proactive leadership to create new energy sources, like the added domestic fuel production capacity at BioSelect, which is critical in meeting growing demand,” said John Berger, Chairman and CEO of Standard Renewable Energy.

BioSelect has plans to expand to expand its total biodiesel-producing capacity at its multiple large-scale sites to 470 million gallons a year by 2010.