Biodiesel

In a joint venture between the companies, BCA provided advisory on the feedstock supply channels, scaling, and financing the commercial plant. The financing included monetizing the attributes including, Renewable Identification Number (RIN) Credits, the Biodiesel Production and Blending Tax Credit, and other federal and state programs. CF Technologies held the license from the Idaho National Laboratory for the patented technology and process to covert fats, oils, and greases (“FOG”) into biodiesel. CF Technologies was tasked to produce the bench scale system in conjunction with the INL. Mason Biodiesel had an existing 1.6-million-gallon biodiesel plant designed to convert virgin vegetable oils into ASTM biodiesel which was to be converted into the commercial scale plant deploying the INL system. The lack of economically produced domestic biodiesel is inhibiting the growth of the industry and hampering the DOE’s efforts for clean energy independence and energy security. Turning this rancid material into high value biodiesel represents a new paradigm for the biofuel industry. FOG is currently skimmed and transported by truck to be land filled or incinerated. This is environmentally and economically inefficient and is an unavoidable expense for wastewater plant operators.