Envest invests in Biodiesel Las Americas

In Canada, Envest Corp. has made a strategic investment in American biofuels company, Biodiesel Las Americas, LLC. BLA’s first biodiesel production facility is strategically located in Miami, Florida with a production capacity of up to 10 million gallons per year. Envest’s investment has been directed towards process and automation upgrades currently underway, with anticipated re-commissioning in early 2022. Envest intends to establish a network of biofuels facilities in the U.S.

“Envest’s investment allows us to lever our expertise in bioenergy to vertically integrate BLA and expand further into biofuels,” said Jason Moretto, Envest’s President and CEO. “The BLA transaction enhances Envest’s geographical scope in North America with a presence in the American southeast, which we plan to expand from with additional renewable energy development opportunities.”

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