Biodiesel Production Expansion - Blue Ridge Biofuels
Funding recipient: Blue Ridge Biofuels, Asheville, NC
Loan amount: $250,000
The Biofuels Center of North Carolina loaned $250,000 to Blue Ridge Biofuels in Asheville, NC to purchase and install infrastructure to meet increasing demand for biodiesel in western North Carolina. This loan allowed Blue Ridge Biofuels to quadruple the capacity of their existing production plant, improve their ability to secure North Carolina-produced feedstock, and maximize production efficiency and profitability while reducing environmental impact. Another compelling aspect of this project is the infrastructure support it provides for their partnership with a Buncombe county faith-based nonprofit creating “green collar” jobs for homeless veterans.
Leveraged funds reported: $77,737
North Carolina counties benefiting from this project: Buncombe, Cherokee, Haywood, Henderson, Jackson, Madison, McDowell, Polk, Rutherford, Swain, Transylvania, Yancey
For additional information about the impact of Biofuels Center funding and a brief explanation of award recipient reporting requirements, click HERE: