Consolidated Energy Holdings acquires Vanguard biodiesel plant in Louisiana from Allegro Biodiesel

In Louisiana, Consolidated Energy Holdings has acquired Vanguard Synfuels from Vanguard’s parent company Allegro Biodiesel. Under the terms of the agreement, Consolidated will assume Allegro’s debts. Consolidated’s members include several former investors in Vanguard who sold out to Allegro in late 2006, and the transaction also settles several outstanding disputes dating back to the 2006 transaction. Vanguard operates a soy biodiesel plant in Pollock.

Louisiana background

• The Colombian-controlled form Inverandino plans to commence ethanol production at a 22 Mgy plant in Lacassine, in partnership with Louisiana Green Fuels, using feedstock from three sugar plants in Southern Louisiana acquired by Inverandino in the past two years. It will be the first sugar cane ethanol plant in the US.

• Last month, Imperial Sugar said that it is investigating a 60-100 Mgy sugarcane ethanol plant that would be located next to its Gramercy sugar refinery. The company is currently investigating financial incentives as well as seeking an ethanol partner. The proposed plant would be operational in 2011.

• Verenium said that it was in the process of commissioning its 1.4 Mgy demonstration-scale cellulosic ethanol plant in Jennings.

• PetroSun announced a letter of intent to supply 54 million gallons of algal oil to a new 54 Mgy Bio-Alternatives biodiesel plant in south Louisiana.

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