In Texas, Blue Diamond Ventures, has acquired rights to a majority interest in a 12 Mgy biodiesel plant, and will expand capacity to 70 Mgy using non-food feedstocks. The acquisition includes rail, pipeline, and storage tank assets. The company said that it is negotiating for the rights to acquire and develop land in Central America and Africa for the development of additional biodiesel facilities.
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sidedraft | Oct 17, 2008 | Reply
To Jim Lane:
Your article on Blue Diamond Ventures INC, says, “Blue Diamond Ventures acquires interest in 12 Mgy biodiesel plant; “, when in fact the PR of the 14 of October, 2008 uses grossly different wording.
The body of the PR says, “HAS SECURED THE RIGHT TO ACQUIRE the majority interest in a biodiesel production plant and related port facilities in the Gulf Coast.
”
Big difference between “acquires interest”, and “secures the RIGHT to acquire”.