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Earth Biofuels Completes Deal with Vertex Energy

Earth Biofuels, Inc. (OTCBB:EBOF) has acquired a 51% interest in Vertex Processing, LP from Vertex Energy, LP. Vertex Processing owns a facility strategically located near the Houston Ship Channel which was previously used for chemical processing and has since been converted for production of biodiesel fuel. The fuel produced by this facility will be sold under Earth Biofuels’ Willie Nelson brand name, BioWillie, to local markets and other areas. “Vertex Energy will be an excellent partner as we bring the BioWillie brand to Houston and the surrounding areas,” said Dennis McLaughlin, chairman and chief executive officer of Earth Biofuels, Inc. “This city is known for being a leader in providing energy solutions; therefore, we feel that this is the ideal location for one of our major biodiesel production facilities as we strive to help reduce our nation’s dependence on foreign oil through the production and distribution of biofuels.” The Houston facility is Earth Biofuels’ first joint-venture biodiesel producing plant, which has a current capacity of 10 million gallons per year (MMgy). The joint venture expects to expand the facility to 20 MMgy over the next several months. Earth Biofuels produces and distributes biodiesel fuel through the company’s network of wholesale […]

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Bush Names Exxon Chief to Chart America's Energy Future!

Even for an administration dedicated to putting industry lobbyists in charge of the very agencies they have devoted their careers to undermining (coal and oil lobbyist J. Stephen Griles as Deputy Secretary of the Interior is one of dozens of examples), President Bush has recently outdone himself. He has named Lee Raymond, the retired chief of ExxonMobil, to head a key study to help America chart a cleaner course for our energy needs. Raymond currently chairs the National Petroleum Council (NPC), one of the most powerful lobbies in Washington. Energy Secretary Samuel Bodman says the study will address the supply and demand of oil as well as “&assess the potential contribution of conservation, efficiency, alternative energy sources, and technology advances” and determine “the potential long term impact of alternative energies that are plentiful, affordable, reliable and transportable.” Energy Department Under Secretary David Garman, added that the NPC is “well qualified to provide a balanced and informed perspective on strategies and action affecting the energy future for both the U.S. and for every country on earth.” Environmentalists are outraged about the appointment of Lee Raymond. During his long tenure at ExxonMobil, the company spent $19 million on front groups designed to […]

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