Bridgeport Biodiesel seeks investor or buyer
June 28, 2018
| Meghan Sapp
In Connecticut, Bridgeport Biodiesel 2 LLC, a fully permitted, commercial-scale biodiesel refinery with a capacity of 13 MMgy, has retained Equity Partners HG to find an investor or buyer for the company. Bridgeport is one of only four commercial-scale biodiesel refineries in New England, and is the closest biodiesel plant to the largest mandated market (New York City) in the Eastern U.S.
The refinery is located in an ecotechnology park in Bridgeport, Connecticut, just 50 miles north of New York City. Commissioned in 2017, the plant produced 220,000 gallons of on-spec biodiesel from used cooking oil (UCO) and generated and sold RINs. While the primary feedstock is UCO, Bridgeport can also produce biodiesel from a variety of used and virgin vegetable oils and animal fats. In addition, the company also produces marketable glycerin as a coproduct and recycles all methanol used in the process.
Category: Fuels
