Encore Energy intends to acquire biodiesel plants

By Erin Voegele | March 09, 2009
Web exclusive posted March 11, 2009, at 10:54 a.m. CST

Oxford, Miss.-based Encore Energy Systems Inc. recently announced it plans to acquire various biodiesel production facilities. According to information released by the company, these facilities are typically operating under capacity and can be purchased at significant discounts. In a March 10 press release issued by Encore Energy Systems, the acquisition of the operations and facilities represents a major component of the 2009 growth plan.

Encore Energy Systems has also entered into an agreement with Chicago-based Zenergy International Inc. to provide biofuel plant management services and feedstock allocation. The agreement provides mission critical management and provisioning services to Encore Energy Systems biofuel production facilities as required.

According to a statement issued by Encore Energy Systems, the company intends to aggressively acquire biodiesel plants; it believes that consolidation of biodiesel assets will position the company as a premier producer and distributor of biodiesel nationwide.

At press time, Biodiesel Magazine was unable to reach a representative of Encore Energy Systems for comment. Additional information on the company and its stock is available on the Web site of Pink OTC Markets Inc.
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