Biodiesel plant vows significant expansion

TransMessis Colombia Plateau, LLC, a wholly owned subsidiary of TransMessis Renewable Energy, Inc., has announced that it had closed on an approximately $6 million restructuring of the integrated canola crushing and biodiesel production operation in Odessa. This restructuring includes an operating agreement on the physical plant with the Odessa Public Development Authority, investment in working capital to allow an immediate restart of production, and additional investment to allow an approximately three-fold increase in the capacity of the plant.

It is anticipated that the phase-one restart w...