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 will commence in December with a phase-two expansion to be completed and operational by February 1 of 2014. Damon Pistulka, the CEO of TransMessis Renewable Energy, said: “We are excited to be able to bring the facility back on line and ultimately live up to the expectations of the community. This facility will be a source of 30+ jobs, and markets for the local economy. This is a unique opportunity to start up a facility with a tremendous wealth of knowledge in place from day one.”

Once the planned expansion is completed, the Odessa facility will crush up to 300 tons of canola seed per day, allowing for an annual production of up to10 million gallons of biodiesel.

TransMessis Renewable Energy, Inc. is a joint venture founded by Evergreen Renewable, LLC and Access Global Investments, LLC to develop a vertically integrated company focusing on the efficient and profitable conversion of canola seed into high quality biodiesel, canola oil, and canola meal.

EverGreen Renewable was established in 2006 with the mission of developing renewable fuel and energy opportunities. The founding basis for the company lies in the fact that we need to develop all commercially viable energy sources to help defray the effects of a world dependency on limited natural resources such as oil, natural gas, and coal.

Access Global Investments, LLC is a fund management and corporate advisory group dedicated to the U.S. public listing of growing companies based in the United States and around the world. With over 20 years of experience across dozens of transactions and in multiple industries, Access Global has experience in all aspects of the private investment and U.S. public listing process.