30 May 2012 22:13 [Source: ICIS news]
MEDELLIN, Colombia (ICIS)--Great Lakes Biodiesel (GLB) has entered the final stage of construction of Canada's largest biodiesel plant in Welland, Ontario, which is scheduled to open this fall, the renewable fuel company said on Wednesday.
"The objective of GLB is to provide Canadian oil refiners and obligated parties, that are required to blend biodiesel with diesel under the federal 2% mandate with a dependable, high quality, domestically produced ASTM biodiesel," said Barry Kramble, chief executive of GLB.
The plant will have an annual biodiesel production capacity of 170m litres (45m gallons), according to the company.
The new biodiesel plant comes at a time when producers in the US are pulling back production as the US biodiesel tax incentive has expired and Renewable Identification Number (RIN) fraud has muted business.
Once construction is completed the GLB facility will be the largest biodiesel plant in Canada producing ASTM 6751 quality biodiesel made from vegetable oils and, more specifically, from canola and soybean crops.
Biodiesel is an alternative fuel, produced from renewable resources. The most commonly used feedstocks are rapeseed, soy and palm oil.
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