Colorado’s bioXchange biodiesel plant signs $45 million, 100% offtake agreement with Gray Oil

In Colorado, Rocky Mountain Sustainable Enterprises announced today that it has signed an offtake agreement with Gray Oil Company to supply up to 4.5 Mgy of biodiesel over three years, with a total deal size of $5 million at current energy prices.  RMSE’s Colorado bioXchange refinery at Fort Morgan, a $5 million project that breaks ground this fall, will supply the fuel.

The offtake agreement represents the total capacity of the plant, which will use waste cooking oil as a key feedstock.

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