Texas-based GreenHunter Biofuels continues its road to recovery after Hurricane Ike nearly wiped its biodiesel operation last September.
Back in November, I told you how the refinery went back on line. Now, according to this company press release, GreenHunter Biodiesel has been approved for the on-road market in the U.S. by the Environmental Protection Agency:
Previously, as a part of its vertical integration strategy in the biodiesel business, GreenHunter announced a distribution strategy that included selling biodiesel in the overseas markets as well as owning distribution assets in the marine market in the Gulf of Mexico. The Company plans to service those markets with biodiesel produced from its 105 million-gallon-per-year (nameplate capacity) biodiesel refinery in Houston, TX, the largest in the country. Gaining access to the on-road market as a necessary part of the registration process, GreenHunter recently elected to acquire emissions and health effects test data originated from a third party industry participant.
Company officials believe that rising diesel consumption and renewable fuel mandates will combine to make biodiesel demand grow by double digits for some time.