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Article: United States: Blue Diamond Ventures to Acquire Majority Interest in Gulf Coast Biodiesel Production Plant.
- Article from:
- TendersInfo
- Article date:
- October 15, 2008
CopyrightCOPYRIGHT 2008 Al Bawaba (Middle East) Ltd. 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: prashant03
Blue Diamond Ventures, Inc. (PINKSHEETS: BLDV), through its interest in Blue Diamond Ventures Biodiesel, LLC, has secured the right to acquire the majority interest in a biodiesel production plant and related port facilities in the Gulf Coast.
Included in the acquisition are rail, pipeline and millions of gallons of storage tank capacity.
Immediate sales in the United States and abroad are expected from the facility which, following expansion, will have an eventual production capacity of 70 million gallons per year.
"This acquisition represents a significant strategic growth opportunity for Blue Diamond Ventures, ...