W2 Energy’s biodiesel plant to come online Aug. 1

In Canada, W2 Energy plans to open its biodiesel facility in Guelph on Aug. 1. The facility that the company bought from Agri-Green Biodiesel, was re-located to Guelph from British Columbia. Current expectations are for the production of approximately 650,000 gallons of bio-diesel per year with this plant which at today’s current market value should be worth close to $3 million in revenues. Future plans for the plant will include a retrofit modification of the plant in order to increase its production by up to 1.2 million gallons per year. By increasing the productions capabilities the Company expects to be able to double its revenue capabilities.