Pure Biofuels Corp. (PBOF.OB) Completes Acquisition of InterPacific Oil S.A.C.'s Biodiesel Operation
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…
