Imperium Renewables, Inc., a producer of environmentally friendly biodiesel fuel, today announced that it is delaying its plans for an initial public offering.
John Plaza, Imperium’s founder, president and interim CEO, said, "Given the current market conditions, our Board has determined that it is not the right time to pursue a public offering. We look forward to building on our success in 2007, during which we constructed and opened the nation’s largest biodiesel plant."
In addition to operating its biodiesel plant in Grays Harbor, Washington, Imperium says it is focused on identifying and commercializing next-generation feedstocks and fuels at its research and development lab located at the original Seattle Biodiesel facility.
About Imperium Renewables
Headquartered in Seattle, Washington, Imperium Renewables currently operates a 100 million gallon per year nameplate capacity production facility in Grays Harbor, Washington, and is the largest producer of biodiesel on the West Coast.
Loading...