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GreenHunter Energy, Inc.
GreenHunter Energy Subsidiary Executes First Biodiesel Tolling Agreement
June 9th, 2008
GreenHunter BioFuels, Inc., a wholly-owned subsidiary of GreenHunter Energy, Inc. (AMEX:GRH), announced the closing of a two-year biodiesel toll processing agreement with a third party specifically related to the Company's new biodiesel refinery located at the GreenHunter Renewable Fuels Campus in Houston, Texas.
GreenHunter BioFuels has entered into a two-year biodiesel toll processing agreement with this entity for up to 25% of GreenHunter's 105 million gallon-per-year biodiesel production capacity. Under the agreement, GreenHunter BioFuels, Inc. will receive feedstocks and will produce for delivery B99, or 99% biodiesel, under the cost-plus arrangement. Additionally, as...
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Source: VerticalNews (2008-06-09)