19 October 2006 21:41 [Source: ICIS news]
HOUSTON (ICIS news)--BioSelect Fuels said on Thursday it would begin production at a Galveston, Texas biodiesel plant in mid-November and was planning to build additional plants elsewhere.
Bill Spence, chief executive of BioSelect (formerly Galveston Bay Biodiesel), said the firm was near startup of its first 20m gallons/year train at the plant. He said other trains could be added to a total of 100m gallons/year. Last year, total ?xml:namespace>
Spence said his firm was seeking locations for another 200m gallons/year of capacity. As at
He said the
Spence said with diesel fuel selling close to the $1.90/gallon breakeven point for biodiesel, economies of scale will be critical for biodiesel producers.
He spoke at the annual Methanol Forum, sponsored by the Methanol Institute and Jim Jordan & Associates, Houston.
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