Endicott Biofuels secures $40 million in financing for “second generation” biodiesel.

Endicott Biofuels (EBF) announced that it closed a $40 million private equity financing for the construction of a “second generation technology” biodiesel plant.

Previously, Endicott was reported to be investigating construction of up to five biodiesel plants in the Chesapeake Bay region of Virginia. There are currently four biodiesel plants in Virginia.

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