Seattle biodiesel company Imperium Renewables has raised another $113 million in private equity, bringing the total to a dazzling $214 million.
Imperium is building a 100 million-gallons-a-year biodiesel plant at the Port of Grays Harbor on the Pacific Coast. It will use the proceeds to begin planning for up to three additional similarly sized facilities across the country and around the world.
Investors in Imperium’s second round include Technology Partners and Nth Power, both of which invested in the first $7.5-million round last year, as well as ArdsleyPartners, Attractor Investment Management, BlackRock Investment Management, Capricorn Management, Ecofin, Robeco, Silver PointCapital, Southport Energy Alternatives, Stark Biodiesel Investments, and TreatyOak Capital Management.
The company is also in the process of obtaining a $101 million senior secured credit facility with Societe Generale Corporate & Investment Banking (SOGN.PA).
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