Innoltek buys QFI’s Quebecois biodiesel plant

In Canada, INNOLTEK Inc. announced the acquisition of QFI’s biodiesel assets, a biodiesel production facility with a capacity of 19 million liters per year in St-Jean-sur-Richelieu, Quebec.

Using recycled cooking oils as feedstock, the St-Jean-sur-Richelieu plant never reached full production capacity due to market difficulties. Innoltek plans to invest in the facility to improve operating costs and capacity logistics. The amount of the investment will be announced at a later date. INNOLTEK will continue also to operate its Thetford Mines plant capable of producing 5 million liters annually of biodiesel. Biodegradable industrial products including Form-Tek formwork agent will also continue to be manufactured at the Thetford Mines plant.