Biofuels Beat — Rocky Mountain Sustainable Enterprises Inks Deal with Gray Oil
RMSE's mgmt team (left to right) Martin Newton, VP Project Development, Aaron Perry, CEO and De Wayne Perry, COO
Reported by Art Mass
BOULDER - Rocky Mountain Sustainable Enterprises, LLC (RMSE), a provider of smart, sustainable biofuels, 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 term, and the revenue value could be millions of dollars higher if energy market prices trend upward, according to RMSE CEO Aaron Perry.
The biodiesel will be supplied from RMSE’s Colorado bioXchange refinery, a $5 million plant that breaks ground this fall in Fort Morgan and will be the state’s only producer of premium biodiesel from sustainable resources, producing fuel that meets federal ASTM standards.
“We are excited to be working with Gray Oil, a premier fuel distributor in the Rocky Mountain region, and market leader in the adoption and promotion of biofuels,” said Perry. “This agreement helps us close the loop on truly sustainable biodiesel supplies that are regionally sourced, produced and used, while delivering highest value to our restaurant and commercial facility customers.”
According to Gray Oil, it chose to work with Rocky Mountain Sustainable Enterprises because RMSE’s product delivers much higher value than other biodiesel fuels on the market.
“The fact that RMSE is deploying state of the art biodiesel production technology that can produce the fuel from recycled feedstocks such as used cooking oil while maintaining the highest quality and fuel performance specifications, allows us to deliver a premium biodiesel fuel product to our customers at price points much more competitive with petroleum diesel,” said Tom Gray, CFO of Gray Oil.
Colorado BioXchange™ Plant Coming On-line
After a three-year due diligence technology period, RMSE selected the advanced multi-feedstock production technology from a European company for its Colorado bioXchange™ biodiesel production facility under development in Fort Morgan. At the time of commissioning – expected to be in the summer of 2010 – the Colorado bioXchange ™ production facility will have an initial annual production capacity of 4.5 million gallons per year – the equivalent of 0.5% of the diesel fuel consumed per year in the Colorado market.
Supplied in significant part by RMSE’s vertically integrated recycOil® commercial cooking oil recycling service and managed through the Cleantech company’s total supply chain, IT and logistics technologies, the Colorado bioXchange™ will close the loop by converting a significant waste-resource stream into an environmentally friendly and economically competitive energy product.
For more information, visit www.rmse.biz.
The key point is their is a 90 yeear supply supply gas in the lower 48 ALONE.
This doesn't take ...
Cogeo - thanks for the comprehensive comment. You're prolific, indeed; however, overall, we just don't see the doomsday scenario for ...
Projections of reserves and years of consumption are historically wrong. Reserve estimations are more important in pumping up stock ...
Thanks Ann. I've heard that 100 year claim too, but at current consumption rates. I guess I could ...
Comment by Dixon Lerge on 23 September 2009:
Rocky Mountain Sustainable Enterprise is a fraudulent company. Almost all of the restaurants that they collect the used frying oil from were told years ago that the company was CURRENTLY using the oil to make biodiesel. Under this fraudulent statement made to restaurant owners they signed various agreements with RMSE to allow them to collect the said oil. This in turn cut the little guys out of the picture that were currently making biodiesel (an environmentally friendly alternative fuel) out of their garages to help support a cleaner environment in Colorado. The company is known to steal these individuals’ containers at the restaurants which the contracts have been signed. Once restaurants catch on to the poor services that RMSE provides to them (late pickup, overflowing barrels, and unfriendly associates to name just a few) and decide to cancel their contracts, RMSE strong arms them with BS from their “legal” department stating that there will be a $1,000 fine for early cancellation; this is stated nowhere in their contracts! And there actually is another company producing ASTM biodiesel in Boulder CURRENTLY that I purchase fuel from, so the claims made above are inaccurate although I don’t blame the author as it was probably more BS fed to them before this article was posted here. Oh, and if your interested in knowing what they DO use the oil for… It is sold to feed lots, in other states; which is something their employees are very reluctant to inform you of and will only give it up after being pressured, no doubt because RMSE has threatened them as well.