Metro Terminals receives $10.86 million grant for New York City biodiesel ventures

In New York, Metro Terminals was granted $10.86 million in tax-exempt bond financing and tax benefits in support of its Metro Biofuels biodiesel project.

The company will construct two biodiesel plants in Brooklyn that will produce biodiesel and heating fuel.

New York apartment buildings and residents are turning to biodiesel for heating fuel. An article in the Christian Science Monitor projected that thousands of New York buildings will convert this winter, and that buildings in Boston and Philadelphia will begin to switch as well. The article estimates that New York burns 500 million gallons of fuel oil per year for heating.

Free Subscription to the Daily Biofuels Digest e-newsletter

Related Stories

NY City council member proposes all NYC diesel fuel contain 20 percent biodiesel by 2013

In New York, Council member James Gennaro was profiled in the documentary "Fields of Fuel". Gennaro was interviewed about his biodiesel bill, which would require that all diesel fuel in New York City ...

Abengoa 88 Mgy corn ethanol project receives $4 million grant from Illinois

In Illinois, Gov. Rod Blagojevich announced that the state government would make a $4 million grant towards the construction of an 88 Mgy corn ethanol plant in Metro East. The project is estimated to ...

Daily Biofuels News Digest for November 16: 100 billion gallon gas shortage and $300 oil in view, Greenpeace blockades Indonesian palm oil tanker

Top Story: The International Energy Agency released a report projecting a severe energy supply shortage by no later than 2015. The report warned that increasing energy demand in India and China wou...

Minneapolis’ Metro Transit to double biodiesel content to B10 in 2007, B20 in summer 2008

Minneapolis Metro Transit will double the biodiesel content of its fuel to a B10 blend starting this month. In March 2008, Metro plans to convert to B20 biodiesel for summers and will continue to use ...

Innovation Fuels shipping biodiesel to New York City; individual shipments as large as 15,000 barrels

In New York, Innovation Fuels announced that it has commenced shipments of biodiesel of up to 15,000 barrels to New York City. The company, which recently purchased  and redeveloped a 312,000 barrel ...

Minneapolis Metro Transit debuts biodiesel-electric hybrid buses

Minneapolis Metro Transit debuted 19 hybrid electric-diesel buses, and promoted the new buses by offering free rides on one bus through the end of the year. The diesel-electric buses reduce emissions...