North Carolina plant lines up biodiesel buyer

By | September 16, 2008
International Coastal Biofuels Inc. signed a letter of intent in August to sell 100 percent of its biodiesel production to Eco-Energy Inc. in Franklin, Tenn. Eco-Energy has agreed to buy 30 MMgy of biodiesel from International Coastal Biofuels' proposed biodiesel plant in Wilmington, N.C., for three years beginning with the first day of production, and will be responsible for transportation and logistics. A target start-up date wasn't released at press time. Also in August, International Coastal Biofuels announced the selection of Cavitation Technologies Inc. as the equipment, technology and services provider for the plant. The company will provide Plasma 900 nanoreactors that use hydrocavitation to limit greenhouse gas emissions by trapping methane gas normally emitted during the process. The plant has signed long-term feedstock contracts for soy, palm and jatropha oil.

International Coastal Biofuels is also in the process of negotiating a second biodiesel plant site in South Carolina.
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