Agron Bioenergy sells Watsonville biodiesel plant to Western Iowa Energy

In California, Agron Bioenergy LLC closed the sale of its biodiesel plant located in Watsonville, California, to Western Iowa Energy LLC. Ocean Park acted as exclusive advisor to the seller. Financial terms of the transaction were not disclosed. The assets include a biodiesel refinery designed to produce 15 MMgy and patents encompassing Agron’s centrifuge system and distillation steps to eliminate water washing in the production of biodiesel. Agron Bioenergy was founded in 2012. The plant uses continual process patented technology to dispense with water washing and produces clean distilled B100 biodiesel that meets or exceeds ASTM D-6751 specifications.