Northeast Biodiesel Company is a biodiesel plant in Greenfield Massachusetts designed to produce 10 million gallons of biodiesel for diesel vehicles and oil heat systems using recycled vegetable oils and animal fat as the primary raw material. It will initially produce five million gallons per year. Construction will begin in 2009 on the $7 million production facility.
Co-op Power is the majority owner of Northeast Biodiesel. Co-op Power is a consumer-owned energy cooperative dedicated to the development of community-owned sustainable energy resources in New England and New York.
Co-op Power has partnered with investors to raise equity and secure the debt to build the plant The agreement between Co-op Power and the investors gives the investors most of the cash distributions from the plant for its first ten years of operations, providing them with a good return and an exit strategy. After ten years the plant will be owned by Co-op Power and the biodiesel plant staff.
Product sales will begin in January of 2009. For more information email info@northeastbiodiesel.
Contact
Mail: PO Box 688, Greenfield, MA 01302
Office: 324 Wells Street, Greenfield, MA 01301
Phone: 413-828-6795
Fax: 413-517-0300
info@northeastbiodiesel.com
Staff
Lawrence Union, President and CEO (lunion@northeastbiodiesel.com, 413-828-6795)
Board
Lynn Benander, Chair (lbenander@cooppower.coop, 413-552-6446)
Board Members: Lynn Benander, David Biddle, Erik Hoffner, Christian Lagier, Robert Rizzo, and Lawrence Union
Links
For information about biodiesel, cllick on these links:
http://sustainable-biodiesel.org/
www.biodiesel.org/aboutnbb/sustainability/default.shtm
