May 27 2008
Pure Biofuels Corp., a biodiesel corporation with operations in Peru, today announced that it has successfully completed construction and testing of its expanded InterPacific Oil biodiesel production facility, which was expanded to 10 million gallons per year (MMgy) from 7.5 MMgy. The Company expects to commence production and ramp up to full 10 MMgy capacity within the next several weeks.
Pure Biofuels’ Chairman Chris Tewell commented, “We are extremely pleased to have completed the expansion of our InterPacific Oil plant and to prepare to commence full-scale production of biodiesel. This accomplishment marks the first significant milestone of our business strategy aimed at becoming a leading biodiesel producer in South America.”
The InterPacific Oil plant is Peru's first biodiesel processing facility having commenced operations in 2001. Since then, InterPacific has produced more than 30 million gallons of biodiesel. Pure Biofuels acquired InterPacific in December 2007. The combined output of Pure Biofuels’ new 52.5 MMgy biodiesel facility in the Port of Callao, set for completion in the second quarter of 2008, and the InterPacific Oil biodiesel facility, will total 62.5 MMgy, making Pure Biofuels one of Latin America’s largest producers of biodiesel.