Press Release, June 13, 2012
Contact: Russell Teall, 805-689-9008
Biodiesel Industries of Ventura Awarded $1.8 million Grant
SACRAMENTO, California – The California Energy Commission today awarded Biodiesel Industries of Ventura, LLC, a grant for $1,829,544. The grant funds will be used to pioneer new technologies for the production of advanced biofuels at Biodico’s ten million gallon per year facility at the National Environmental Technology Demonstration Site, at Naval Base Ventura County in Port Hueneme, California.
Biodiesel Industries of Ventura is a subsidiary of Biodico that will operate the new facility at the Naval Base. “We create subsidiaries for each of our facilities so that local investors can become involved in what we are doing in their communities,” explained JJ Rothgery, chairman of the Biodico’s board of directors, “and so that national investors with interests in environmentally sustainable energy can become involved in our new projects. Currently we are working on two projects in California, one at Naval Base Ventura, and the other at Red Rock Ranch in California’s Central Valley. Both projects will benefit from the technology developed under the new Energy Commission grant.” Each 10 million gallon per year facility costs approximately $12.5 million from inception to completion.
The grant will also focus on new non-food crops for producing biodiesel. This work will be conducted in cooperation with Dr. Stephen Kaffka, Director of the California Biomass Collaborative at the University of California Davis, and John Diener, president of Red Rock Ranch. “Growing our way out of the energy crisis helps American farmers and creates jobs where they are needed the most. California agriculture is founded upon the world’s best technology, and we look forward to advancing the science of biofuel crops as part of this grant,” explained John Diener. Dr. Kaffka added, “A key to resolving our environmental and energy problems can be found in the energy crop research we will be doing with Biodico. Advanced biofuel crops will be grown if they help farmers use their resources more efficiently, and compliment rather than compete with current food, forage and fiber production. Strategic research now will have positive impacts for generations and help the state meet its greenhouse gas reduction and employment goals.”
The California Energy Commission grant will help make Biodico production facilities energy self-sufficient. According to Biodico’s, president, Russ Teall, “By using sustainable resources on-site we will be able to produce all of our own heat and power needs, and generate non-petroleum oil for making biodiesel. This will be the first biodiesel production facility to become totally self-sustainable, and we will use this same technology at all of our new locations. Biodiesel at these facilities will be produced at unsubsidized prices competitive with petroleum diesel, and our biodiesel production technology will reduce greenhouse gases eight fold while providing good, local green collar jobs.”
Biodico builds, owns and operates biodiesel production facilities. More information about the company can be found at www.biodico.com or by contacting Biodico at 805-683-8103.