Conclude Multi-Year Agreement for New Haven Biodiesel Plant
NEW HAVEN, Conn., November 30, 2011 – Greenleaf Biofuels, LLC, announced today that Omaha, Neb.-based Tenaska BioFuels, LLC (TBF), an affiliate of Tenaska, has signed an exclusive multi-year agreement to supply feedstock and sell biodiesel fuel from Greenleaf Biofuel’s New Haven, Conn., plant. Tenaska, an independent energy company with approximately $10 billion in revenues, is one of the largest privately-held firms in the U.S. It has been a leader in the energy production and marketing industry for almost 25 years.
The agreement covers Greenleaf’s initial 10-million-gallon-per-year capacity and includes options to extend and expand the relationship. Greenleaf Biofuels recently announced full funding and commencement of construction of what will be the largest biofuels plant in New England.
“We are very pleased to announce this agreement with Tenaska BioFuels. Between its significant experience in the biofuels industry, vegetable oils and waste feedstock procurement, and trading operations, we feel extremely fortunate to have TBF as our commodity manager. We look forward to many years of collaboration with this pre-eminent energy company,” said Gus Kellogg, CEO and founder of Greenleaf.
Dave Neubauer, TBF vice president and general manager, added, “We are excited to work with the Greenleaf team and look forward to a long-term relationship. The Greenleaf facility is positioned well logistically and will allow us to help Greenleaf reach a growing customer base in the mandated northeast markets.”
About Greenleaf Biofuels, LLC
Greenleaf Biofuels is developing New England’s largest biofuel project at its Port of New Haven, Conn, location. The initial multi-feedstock, 10-million-gallon-per-year plant will produce biodiesel – a cleaner burning, domestic and renewable energy alternative or supplement to traditional petroleum-based diesel and heating oil. The Company’s Biodezl™ and Bioheat™ products will help America in its drive for energy independence and a cleaner environment. Founded in 2004, Greenleaf is headquartered in Guilford, Conn. For further information, please visit www.greenleafbiofuels.com.
About Tenaska Biofuels, LLC
Tenaska BioFuels, LLC (TBF) is the biofuels marketing affiliate of Omaha, Neb.-based energy company Tenaska, one of the leading independent power producers in the U.S. Forbes magazine ranks Tenaska 34th among the largest privately-held U.S. companies. TBF provides independent marketing, transportation, storage, risk management, procurement and financial services to ethanol and biodiesel market participants. Tenaska has developed approximately 9,000 megawatts of power generation and manages and operates eight power plants totaling 6,700 MW that it owns in partnership with other companies. Tenaska affiliates also market natural gas and electric power, with Tenaska’s natural gas marketing affiliate (Tenaska Marketing Ventures) regarded as one of the top 10 natural gas marketers in North America. Tenaska affiliates are also involved in private equity investments and acquisition management; fuel supply; natural gas exploration, production and transportation systems; and electric transmission development. To learn more about Tenaska, visit the company’s website at www.tenaska.com.
SOURCE: Greenleaf Biofuels, LLC
Greenleaf Biofuels Media Contact:
Mark McCall, Chief Operating Officer
Tenaska BioFuels Media Contacts:
Jana Martin, Tenaska
Holley Salmi, Tenaska