Viridis Fuels launches crowdfunding campaign to build Oakland biodiesel plant

October 5, 2017 |

In California, Viridis Fuels is fundraising for $8 million in equity on a crowdfunding platform to build a  $77 million community-based biodiesel plant in Oakland. The project seeks to produce 20 million gallons per year of biodiesel along with 4 million gallons of technical grade glycerin on a leasehold property at the Port of Oakland as well as distribute the fuels produced. The platform offers investment with an 8% return on a $5,000 minimum investment. In 2015, it received a $3.4 million grant from the California Energy Commission.

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