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Article: Biofuel players aim to tap into a fast-growing market.
- Article from:
- The Virginian-Pilot (Norfolk, VA)
- Article date:
- June 1, 2007
CopyrightCOPYRIGHT 2007 The Virginian-Pilot. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Gregory Richards
Jun. 1--Some day soon, Smiling Earth Energy LLC wants to be widely known as the "Microsoft of Biodiesel."
Whether it can succeed could depend on the progress the Bakersfield, Calif.-based company makes in its plans to construct a $532 million biodiesel refinery in Chesapeake's South Norfolk neighborhood.
The facility would be one of the world's largest, producing 320 million gallons of biodiesel per year from shrub like jatropha plants from Mexico. That's more than the 250 million gallons of biodiesel sold in the United States last year, according to a diesel industry group, typically to be mixed with petroleum-based ...