World Energy Acquires Elevance Natchez #Biodiesel Plant

Joanna Schroeder

World Energy has purchased a 72 million gallon biodiesel plant located on the Mississippi River in Natchez, MS from Elevance Natchez (ENI). Since 2013, World Energy has been supplying BQ9000 certified biodiesel from the biorefinery under a production contract with ENI.

Today’s acquisition of ENI’s Mississippi River plant expands on the initiatives we took earlier this summer with BIOX,” said Gene Gebolys, World Energy’s CEO. “Advanced Biofuels are here to stay, but they won’t be fully mainstream until we integrate our 21st century fuels into the sprawling production and distribution complex established for traditional fuels in the 20th century. That system originates in the US Gulf so we need to origiWorld Energy logonate there too with both production and distribution. The Natchez and Houston operations now combine to enable us to supply BQ9000 quality biodiesel in the Gulf at a scale and level of seamless integration never before available.

Back in June of 2016 World Energy formed a partnership with BIOX Corp and purchased a 90 million gallon per year biodiesel plant – BIOX Biofuels located in Galen Park, Texas. The companies are in the final stages of preparations and expect production to begin soon. In addition, the partnership announced a new 315,000 multimodal biofuels distribution center in Houston, TX that co-located and co-operated with WEBB at Kinder Morgan’s Galena Park Terminal. The Houston Hub is fully integrated into the city’s petroleum distribution network.

Gebolys added, “ENI has been a fantastic business partner for more than three and half years. This transaction allows both companies to deliver greater long term value in our respective core businesses and is just the latest step in our long and productive relationship.

advanced biofuels, Biodiesel