The first 50,000 gallons of biodiesel has rolled off the line at the new Momentum Biofuels, Inc. refinery at LaPorte, Texas.
This story posted on Grainnet.com says it cost less than 25 cents/gallon to build the facility, not including the costs for the building and land:
Management believes this CAPEX is significantly lower than what is typical in the industry and could permit the Company to achieve a higher than average return on investment.
Jim O’Neal, the Company’s COO, stated, “2007 was a time of transition and significant development for Momentum.
“Having proven our technology, combined with the strength of our new management team, we are now ready for full-scale commercial production.”
Full scale production is expected to begin later this summer.