Renew Energy Resources Inc. announced Oct. 29 that its wholly owned subsidiary, Legacy Oil, Florida, has signed a long-term feedstock supply agreement for recycled waste vegetable oil with EnerSight Fuels Inc., an Alabama-based biodiesel producer.
The agreement will allow the Renew Energy management team to start the development process for a 2.5 MMgy biodiesel plant knowing that a large majority of the feedstock is guaranteed and the pricing of the material is predictable.
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