By OGJ editors
HOUSTON, May 12 -- Chevron Technology Ventures LLC (CTV) is participating in the construction of what it calls the first large-scale biodiesel plant in the US through a 22% equity interest in Galveston Bay Biodiesel LP (GBB), Houston.
GBB is building the biodiesel production and distribution facility in Galveston, Tex., with completion scheduled for yearend.
The facility will have an initial production capacity of 20 million gal/year and be expandable to 100 million gal/year. CTV said total US biodiesel production last year was 75 million gal.
GBB will produce biodiesel from soybeans and other renewable feedstocks. The company has the option to sell pure biodiesel or biodiesel blended with off-road or on-road diesel in Galveston and Houston.
GBB interest owners are CTV, Contango Capital Biofuels Partners LP, Galveston Bay Biodiesel Management LLC, Sultex LLC, Mobius Risk Group LLC, and Beaver Creek Fund Ltd.