Tri-State Biodiesel teams to buy and upgrade Bridgeport Biodiesel

November 20, 2013 |

In New York state, New York City-based Tri-State Biodiesel and its parent company, The Sustainable Biodiesel Company, have partnered with New Jersey-based Lard-NABF LLC (LARD) to purchase and upgrade the Connecticut-based biodiesel production business, Bridgeport Biodiesel.

This partnership unites one of the region’s largest cooking oil-to-biodiesel recyclers with one of few biodiesel production facilities in the area and creates a powerhouse synergy of raw material access and biodiesel production capability. Through this deal, Bridgeport Biodiesel also leverages TSB’s extensive biodiesel fuel distribution network, supplying both wholesale and retail products to gas stations, trucking fleets and heating oil consumers throughout the region.

Bridgeport Biodiesel is a fully permitted and operational 1-3 MMgy biodiesel facility constructed in Bridgeport, Connecticut’s visionary Eco-Industrial Park. Fully operational in 2012, the plant is engineered and permitted to produce biodiesel from a variety of feedstocks, including yellow and brown grease. Ownership of the plant is transferred to the TSBC/LARD partnership with Tri-State Biodiesel’s CEO, Brent Baker, as the new operations director of the facility.

The partnership also pledges additional capital to upgrade the plant with robust new third-generation technology, which dramatically increases the efficiency and throughput capability at the site. Completion of the expansion is expected by 3Q of 2014, bringing the total biodiesel production capacity on site to 8-10 MMgy.

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Category: Fuels

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