Global Bioenergy Industry News
$20M Biofuel Plant near Delray Planned
Ag-Oil, a Delray Beach-based biofuel start-up, plans to build a $20 million pilot-scale biodiesel production facility in the Agricultural Reserve west of Delray Beach with the potential to produce 15 million gallons a year.
Teri Gevinson, CEO of Ag-Oil, said the company has planted 20 acres of jatropha, a fast-growing plant with seeds that contain oil, to make biodiesel. The biorefinery will use a patented technology to convert jatropha seeds, algae and related by-products into fuel.
According to Miami Herald, the company, the recipient of a $2.5 million state renewable energy grant, is working with United Environment and Energy, Horseheads, New York; Argonne National Laboratory, a federal energy lab in Argonne, Illinois, the University of Florida and the University of Southern Illinois. It has also applied for federal American Recovery and Investment Act funds.
Once operational sometime in 2011, the facility and plantation on 103 acres will maintain an estimated 128 direct jobs and 915 indirect jobs, the company said.
Gevinson, owner of Ascot Development, a Boca Raton-based real estate development firm, said Ag-oil is working with South County farmers to grow the crop and mechanically harvest it. "We are excited to be able to make something work in the Ag Reserve and to be able to change the US dependence on foreign oil," she said.
Ms Gevinson said she purchased the land years ago and leased it to farmers who grew tomatoes and peppers there.
TheBioenergySite News Desk
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