A year after opening on the Houston Ship Channel, the nation’s biggest biodiesel plant has a “for sale” sign out on its lawn.
The Houston Chronicle reports that GreenHunter Energy is trying to find a buyer while it rearranges some financial obligations on the refinery:
GreenHunter hired an investment banking firm to look for a potential buyer for the 105 million gallon per year plant, the nation’s largest. The firm will also help find domestic or international partners, alternative financing, potential new equity capital and enough working capital to get the plant running again, the company said in a statement today.
The $70 million GreenHunter plant opened in June 2008 and was touted for its ability to make biodiesel from a variety of vegetable oils and animal fats, rather than being tied exclusively to expensive soybean oil, like many of its rivals.
At a grand opening ceremony last summer, Gov. Rick Perry said the project represented “the future of energy in Texas and the United States.”
But GreenHunter’s Houston plant has been idle since February amid weak domestic demand for the fuel, new trade barriers on U.S. biodiesel exports to Europe and low oil prices that have made renewables less competitive with petroleum based fuels, said Jack Zedlitz, a company spokesman. Last year, the plant also was temporarily forced to shut down after receiving damage from Hurricane Ike last September.
GreenHunter says by amending its credit agreement, the company hopes to survive its current financial problems.


Kristy Moore received the Award of Appreciation from
With RFA, Moore works on a number of technical and safety issues important to the ethanol industry and oversees the Technical Committee, the longest standing committee within the RFA. Moore and the committee have been responsible for increasing market share for ethanol, including opening new markets for ethanol including the southeastern states.
If you’re interested in learning something about pitching stories to bloggers you might want to participate in a today’s webinar that’s part of the
Students in Minnesota and South Dakota are the latest recipients of Clean Air Choice Scholarships.
A team of students from Ohio State University are in the lead after the first phase of the three-year
Launched in late 2008 by the Government of Canada, General Motors, the U.S. Department of Energy, and others, 17 university teams from the U.S. and Canada competed. Approximately half of the teams, including the Ohio State team, designed extended-range electric vehicles, six teams utilized plug-in hybrids, two teams experimented with fuel cell plug-in hybrids using renewable resources, and one team designed an all-electric vehicle. Every team used lithium-ion batteries and then retrofitted them to become plug-in batteries.
A landfill is now one of the sources of power for a the Lafarge Tulsa Cement Plant.
The state of Washington has missed its goal of having biodiesel and ethanol make up at least 20 percent of its state vehicle fuel use. And that has prompted the founder of one of the nation’s biggest biodiesel facilities… which just happens to be located in Washington… to make the case that it didn’t have to happen.
“I don’t want to prejudge what they’re going to find, but if the existing automobile fleet can handle 15 percent, I would say let’s make that a target and go to 15 percent,” Chu said. “This is very important for decreasing our oil independence.”
Minnesota is the place this summer for biofuel promotions! The state that boats the most E85 fueling locations will offer E85 at a discounted rate at a handful of sites within the next couple of months.
Summer is officially here and with it summer driving season (and high gas price season). As people pack their bags and head to the gas station to fill up for summer vacation, EcoDriving USA, a campaign from the