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Article: Canada : Rocky Mountain Sustainable Enterprises Signs Biodiesel Fuel Supply Agreement With Gray Oil Co, Inc.
- Article from:
- TendersInfo
- Article date:
- August 13, 2009
CopyrightCOPYRIGHT 2009 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: pinto03
Rocky Mountain Sustainable Enterprises, LLC (RMSE), a leading provider of smart, sustainable biofuels, announced today that it has entered into a biodiesel fuel supply agreement with fuel distributor Gray Oil Company, Inc., to supply up to 4.5 million gallons per year of biodiesel fuel for a three-year term.
The agreement has an estimated revenue value of $45 million over the three-year term, according to RMSE CEO Aaron Perry, adding that the revenue value could be millions of dollars higher if energy market prices trend upward.
The biodiesel will be supplied from RMSE's Colorado bioXchange refinery, a $5 million plant that ...