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Nova Biosource Refinery is Complete
US - Nova Biosource Fuels, Inc., a refiner and marketer of ASTM quality biodiesel, announced today the biodiesel refinery under construction for Scott Petroleum in Greenville, Mississippi has received its certificate of Substantial Completion.The 20 million gallon per year biodiesel refinery will continue to produce ASTM D6751 quality biodiesel from a variety of feedstocks with high free fatty acid (FFA) levels.
The ability of the biodiesel refinery to process feedstocks with higher FFA levels provides a significant cost advantage, because these feedstocks tend to cost less. In addition, Nova announced commencement of its biodiesel tolling and off-take agreement with Scott Petroleum. Under this agreement, Nova has the rights to purchase up to 50 percent of the monthly plant output of biodiesel and technical glycerin.
"We are pleased to announce that we received the certificate of substantial completion and commenced our off-take agreement with Scott Petroleum," said Kenneth T. Hern, Chairman and CEO of Nova. "We congratulate Scott Petroleum on their role in accomplishing this milestone, and we look forward to initiating the tolling and off-take of biodiesel from Scott's refinery."
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