Environmental Capital provides daily news and analysis of the business of the environment. It tracks how growing green concern, particularly over climate change, is roiling established industries and spurring new ones – and how that shift is affecting investors, consumers and the planet.
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From Washington to Texas, Biodiesel Makers Sitting Idle
Posted on June 25, 2009
Imperium Renewables dream of profiting from peddling biodiesel while doing its part to save the planet has turned out to be just that: a dream. The two-year old biodiesel facility that was meant to be the cornerstone of the Seattle companys renewable-energy empire hasnt produced a drop of fuel since February. And its not the only one sitting idle.Associated PressImperium Renewables, in happier times.The 100 million-gallon-a-year plant once the largest such facility in the U.S. located in an isolated logging town on Washingtons coast now serves as a storage depot for biodiesel and a symbol o...
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