Pure Biofuels Corp., a leader in the biofuel industry in South America, recently announced the acquisition of InterPacific Oil S.A.C.’s biodiesel production operation, Peru’s largest and longest-operating biodiesel processor. Pure Biofuels’s growth strategy focuses on acquisitions in order to expand the company’s current biodiesel production capacity to 10 million gallons per year.
Biodiesel is a clean, renewable energy source derived from vegetable oil and is 100 percent compatible with existing diesel vehicles and infrastructure. Biodiesel significantly reduces harmful exhaust emissions, and the United Nations expects biofuels to account for a full 25% of world energy needs by 2025.
The company’s Callao Port biodiesel refinery near Lima, Peru is scheduled to commence production during the first quarter of 2008. Additionally, preliminary production tests at the newly acquired facility began in January 2008 and Pure Biofuels is expected to begin operating at the end of February.
The combined output of these two facilities will exceed 60 million gallons per year, positioning Pure Biofuels as one of South America’s largest producers of biodiesel.
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