About 1.5 million gallons of Australian biodiesel is headed for the U.S., with another 1.32 million gallons fast on its heels. Biodiesel Magazine reports Australian Renewable Fuels Ltd. sent 5.7 million liters, and the other shipment is scheduled for August:
Customers for the order are Valero Energy Corp. and Gavilon Inc., two of the world’s leading energy companies. Gavilon is a Nebraska-based international grains, food and fuel storage and distribution company whose energy division stores and transports a range of fuels including crude oil and refined products, gas and renewable fuels.
Australian Renewable Fuels CEO Andrew White notes the drop in value of the Australian dollar, adding that additional export opportunities are being explored.
Relaunching its biodiesel exports means elevated production at the company’s Largs Bay, South Australia, and Picton, Western Australia, plants, and complements its existing long-term supply contract with Shell Australia.
Australian Renewable Fuels recently secured $6 million in working capital that has funded the sales and export growth.