Green Way Bio Energy, LLC of Little Rock is going to construct a 10 million gallon biodiesel facility on the Arkansas River.
“We are tremendously excited to be a part of the rapidly growing bio energy sector,” said Keith Thompson of Stuttgart, Arkansas, President and Chief Executive Officer of Green Way Bio Energy and one of the company founders. “Green Way’s facility will be environmentally friendly creating no air pollution and no wastewater.”
Can you smell what the CEO of Green Way Bio is cooking?!?! It’s not french fries! It’s biodiesel…….ok, it may smell a little like french fries. Just kidding most biodiesel, made for sale, is coming from soybean oil. Anyway, like it seems for alot of companies they are seeing there is money to be made in cleaner renewable sources of fuel. Which can help us all.
“Fleet owners and many consumers are shifting the value they place on fuel efficiency. They realize that biodiesel means fuel efficiency, independence from the whims of a global market and protection of our environment not to mention the effects it can have on fuel budgets.”
Again, with those benefits, especially cost, how can you not see the growing market? The following sums it up.
Biodiesel is a renewable diesel fuel that is made from domestic resources such as soybean oil or other domestic fats and vegetable oils. It can be used in any diesel engine with few or no modifications, and can be blended with petroleum diesel at any level. US biodiesel production is growing because of high oil prices, a federal tax credit of $1 per gallon for biodiesel blenders and alternative-fuel-vehicle credits which diesel-powered fleets can earn by using biodiesel blends of at least B20, 20 percent biodiesel and 80 percent traditional diesel. Today, more than 600 major fleets use biodiesel commercially, and 700 retail filling stations make it available to consumers. Biodiesel has become the nation’s fastest growing alternative fuel, according to the US Department of Energy. Production tripled in 2005.