World Energy acquires 72 MMgy biodiesel plant in Mississippi

By Ron Kotrba | August 31, 2016

World Energy announced Aug. 31 that it has acquired Elevance Natchez Inc.’s 72 MMgy biodiesel refinery located on the Mississippi River in Natchez, Mississippi. World Energy said it has been supplying BQ-9000-certified biodiesel from the plant under a production contract with Elevance Natchez since January 2013. The plant is currently staffed and in full operation, according to World Energy, which stated that customers, employees, suppliers and the Natchez community can expect little change in the ownership transition.

In June, World Energy and its joint venture partner Biox Corp. acquired the 90 MMgy biodiesel plant formerly known as Green Earth Fuels, located at the Kinder Morgan Liquid Fuels Terminal on the ship channel in Galena Park, Texas. The plant, now named World Energy Biox Biofuels, is in the final stages of preparation for production startup, according to World Energy. 

Also in June, the companies announced the establishment of a 315,000 barrel multimodal biofuels distribution center known as Houston Hub co-located and co-operated with WEBB at Kinder Morgan's Galena Park Terminal. Houston Hub is fully integrated into Houston's petroleum distribution network by truck, rail, barge, ship and pipeline.

“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 U.S. Gulf so we need to originate there too with both production and distribution. The Natchez and Houston operations now combine to enable us to supply BQ-9000 quality biodiesel in the Gulf at a scale and level of seamless integration never before available.” 

Gebolys added, “ENI has been a fantastic business partner for more than three and a 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.” 


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