Tri-State Biodiesel acquires Connecticut based Bridgeport Biodiesel and unveils plan to upgrade and expand.
New York City based Tri-State Biodiesel (TSB) and its parent company, The Sustainable Biodiesel Company (TSBC), 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 recycling companies 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 leverages TSBs 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 mm gallon/year 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 3rd 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 mm gallons/year.
Effective immediately, TSBC subsidiary Connecticut Biofuels will be headquartered at the Bridgeport Biodiesel site. Connecticut Biofuels is Connecticut’s longest running in-state cooking oil recycler. This will allow for locally sourced cooking oil to supply the Bridgeport plant.
The new projects announced today are anticipated to bring an additional 50 “green collar” jobs that provide living wages, benefits and a dignified career pathway to an area with a historically high rate of unemployment and poverty. These projects establish Bridgeport and the state of Connecticut as national leaders in the sustainable biodiesel economy.
For more information contact:
Brent Baker Operations Director Bridgeport Biodiesel 146 Andover Street Bridgeport, CT 06605 1 (800) 571-7171 firstname.lastname@example.org www.bridgeportbiodiesel.com
About The Sustainable Biodiesel Company. TSBC is the parent company of Tri-State Biodiesel, Connecticut Biofuels, Washington DC-based Beltway Biodiesel, and Boston-based Independence Biodiesel. Through its network of subsidiary companies, The Sustainable Biodiesel Company is one of the larger regional oil recyclers, collecting cooking oil from over 5000 restaurants from Virginia to Maine. The company was one of the first in the northeast to offer free cooking oil-to-biodiesel recycling, and the first in NYC to supply biodiesel fuel to private fleets and gas stations. More info about the company at www.tristatebiodiesel.com
About Lard-NABF, LLC. Lard-NABF, LLC is owned by Alan and David Wormser who also own Wormser Corporation, a leading global importing and exporting company specializing in cosmetics products and packaging. The company has offices in the U.S., Germany, Great Britain, and China. LARD has had a long history in biodiesel related activity, including funding development for the original Bridgeport Biodiesel process equipment. More information at www.wormsercorp.com