Greenhunter Biofuels acquires terminal waterfront site

Greenhunter Biofuels LLC, Grapevine TX, has acquired a lease option for twenty-two (22) acres of waterfront acreage in Port Sutton FL.

The new site is slated for the future construction of a biofuels terminaling facility and later, a biodiesel production refinery. The site, owned by The Tampa Port Authority, is located at a deep-water berth with access to rail, truck, barge, and deep-water ship transportation methods.

Over 1.6 billion gallons of diesel fuel were consumed in Florida in 2007. The company believes that there is a significant market opportunity for this asset to be utilized not only in biodiesel distribution and production, but potentially handling the imports of other biofuels such as foreign manufactured ethanol.