On Friday, March 9, 2012, Blue Ridge Biofuels sold its one-millionth gallon of B99 biodiesel. That means 1,000,000 gallons of petroleum diesel not consumed in North Carolina and over 8,700 tons of carbon dioxide kept out of our atmosphere. In 2011, we reached a record annual production level of 250,000 gallons of B99 and we are on track to double that this year. We have been purchasing new equipment that is opening up bottle-necks in our production process which makes the production plant more efficient. This has allowed us to keep our prices low even without the federal tax credit.
Despite the imbalances in the subsidies granted to the petroleum industry compared to the biodiesel industry, the biodiesel industry is growing in the US and biodiesel is, on average, less expensive than petroleum diesel. Blue Ridge Biofuels' fuel is typically priced 5-10 cents less per gallon than diesel fuel and is produced exclusively from waste cooking oils.
For more information, please visit the Blue Ridge Biofuels website.