Biodiesel manufacturer Imperium Renewables will open up a plant that can produce 100 million gallons of biodiesel a year, said Martin Tobias, CEO of Imperium in a meeting at the Clean Tech Investor Summit, which took place this week in Palm Desert, Calif.
That's going to nearly double the U.S. output of biodiesel, he said. Only about 150 million gallons got produced in the U.S. last year. Imperium itself only has the capacity right now to make 5 million gallons.
Overall, it's a drop in the bucket of the diesel market, he admitted. 62 billion gallons … Read more