The company’s HDX hydroconversion technology produces fatty acid methyl esters and wax from soy and related biobased feedstocks. Its products are certified under the United States Department of Agriculture’s BioPreferred Certification program.
The plant is expected to be completed by the end of 2017 and begin operations in 2018.
“This project represents the first step toward a fully integrated production facility to produce a wide range of biospecialty products for application in the oil field chemicals, heat transfer fluids, and industrial lubricants sectors,” says John Wright, Co-Managing Director of OG&A and Executive Vice President at Owensboro Grain Company.