August 12th, 2009 - Rocky Mountain Sustainable
Enterprises signs biodiesel supply agreement with
Gray Oil Company, Inc.
Rocky Mountain
Sustainable Enterprises, LLC (RMSE),
a leading provider of smart, sustainable biofuels, announced
today that it has entered into a biodiesel fuel supply agreement with
fuel distributor Gray Oil Company, Inc., to supply up to 4.5 million
gallons per year of biodiesel fuel for a three year term.
The agreement has an
estimated revenue value of $45 million over the
three year term, according to RMSE CEO Aaron Perry,
adding that the revenue value could be millions of
dollars higher if energy market prices trend upward.
The biodiesel will be
supplied from RMSE’s Colorado bioXchange refinery, a
$5 million plant that breaks ground this fall and
will be the state’s only producer of premium
biodiesel from sustainable resources, producing fuel
that meets federal ASTM standards.
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