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  • 04/05/2018

    World Energy Aiming to Be Major Player in North American Biofuel Market: CEO

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    World Energy's recent acquisition of a stake in California-based alternative jet fuel and biodiesel producer AltAir Paramount and its merger with privately held Canadian biodiesel producer Biox Corp. mark the start of a "push" to become a much-larger supplier of biomass-based diesel in the North American market, its CEO said in an interview this week. …
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  • 03/26/2018

    World Energy takes on new partners, new assets and new capital to accelerate growth

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    Boston, MA – March 26, 2018 – Boston based advanced biofuel producer, World Energy, LLC (World Energy) announced today that it has partnered to accelerate growth with an investment group led by Halifax, Nova Scotia based CFFI Ventures (CFFI). The deal, with an aggregate value of $US 345 million, infuses into World Energy substantial fresh capital and merges into it all the shares of Hamilton, ON based biodiesel producer Biox Corporation (Biox). …
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  • 03/20/2018

    BIOFUELS DIGEST: World Energy Takes Off with Audacious $72M Acquisition of AltAir and the Paramount

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    Posted March 19, 2018 In Massachusetts, World Energy has acquired renewable jet and diesel producer AltAir Paramount, and its Paramount Petroleum refinery assets, both collocated in Paramount, CA, as well an adjacent tank farm and most of Delek’s California pipeline assets, from Delek US Holdings, for $72 million in total consideration. It’s the first time ever that a biofuels enterprise has acquired a well-known petroleum refinery. Sign of changing times (though there have been noted conversions by petroleum refiners of individual refineries, e.g. Eni’s switchover in Venice, Italy to renewables). The purchase includes a 63-acre complex consisting of a 45 million gallon per year renewable jet / renewable diesel production facility, 1.7 million barrels of product storage, a truck rack with 28 thousand barrels per day of throughput capacity, rail storage for up to 70 rail cars, and pipelines stretching over 71 miles connecting the facility to major southern California distribution hubs including Long Beach. …
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  • 03/20/2018

    World Energy Announces Purchase of Southern California assets from Delek

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    Boston, MA – March (19), 2018 – Boston Based Advanced Biofuel producer, World Energy, LLC (World Energy) announced today that it has closed on the purchase from Delek US Holdings, Inc. (NYSE: DK)(“Delek”) of its interests in renewable jet and diesel producer AltAir Paramount, LLC (“AltAir”), its Paramount Petroleum, LLC refinery assets, both collocated in Paramount, CA, as well an adjacent tank farm and most of Delek’s California pipeline assets. …
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  • 11/16/2017

    Discovery Channel documentary ‘Hot Grease’ spotlights biodiesel

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    In its broadcast release, Discovery previewed the story of Hot Grease as: “Set in Houston, Texas, in the shadow of the nation's oil industry, Hot Grease tells the surprising story of how the biodiesel industry is turning an ostensibly worthless raw material—spent kitchen grease—into a renewable energy source capable of fueling cars, buses and fleets of trucks throughout the country. But, powerful forces are working to stop that from happening. Featuring innovators, entrepreneurs, grease collectors and supporters like Sens. Al Franken, D-Minnesota, and Chuck Grassley, R-Iowa, Hot Grease follows the battle for biodiesel’s future and its very survival.” Footage from NBB member meetings and events appears in the film, as well as interviews with several familiar faces in biodiesel, including Robinson; former Sen. Byron Dorgan, D-North Dakota, and Gene Gebolys, founder and CEO of World Energy. …
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