02 April 2007 23:30 [Source: ICIS news]
HOUSTON (ICIS news)--?xml:namespace>
The 88,000 tonne/year facility will be Granol’s third biodiesel plant. The company already produces 110,000 tonnes/year of the biofuel at its two other plants.
Under the deal, Granol will invest $4.3m in the new project of its own capital, the bank said.
The figure will jump to 5% in 2013, creating a market for 2.4bn litres/year of the biofuel, one analyst predicted.
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