7.11.2006: Earth Biofuels, Inc.acquires a 51% interest in Vertex Processing, LP
The Houston facility is Earth Biofuels" first joint-venture biodiesel producing plant, which has a current capacity of 10 million gallons per year (MMgy). The joint venture expects to expand the facility to 20 MMgy over the next several months.
Earth Biofuels produces and distributes biodiesel fuel through the company"s network of wholesale and retail outlets. The fuel is sold under Willie Nelson"s brand name, "BioWillie." The Company is focused on capitalizing on the growing demand for alternative and renewable fuels in the domestic market.