Better Biodiesel, a Utah-based producer of biodiesel fuel, said Friday that it plans to buy GeoAlgae Technologies for an undisclosed sum. GeoAlgae Technology, or GAT, makes inexpensive feedstock for the production of biodiesel, the companies said.
The buyout is Better Biodiesel's first public news since announcing this summer that it would suspend fuel production after its manufacturing fuel processor caught fire. (Better Biodiesel produces roughly 3 million gallons of biodiesel annually, according to the company.) The company said it has developed a waterless technology that can produce biodiesel from low-grade feedstocks without expensive pre- and post-processing of materials. That … Read more