Greenleaf Biofuels will become the largest producer of high quality biodiesel in New England to meet the growing regional demand for biodiesel in home heating and transportation fuels, to provide energy security and to promote environmental responsibility.
Greenleaf Biofuel biodiesel will initially be produced from reclaimed and waste vegetable oil (yellow grease) from restaurants and food manufacturers, thus transforming waste into useable energy. Not only is this a lower cost and non-food based feedstock (compared to first generation soybean oil), but according to the EPA, utilization of YG results in an 80% Greenhouse Gas (GHG) Emission reduction profiles – the highest in the biodiesel industry.
Biodiesel itself is non-toxic (less toxic than salt) and biodegradable. Biodiesel can be used in any application where on-highway, off-highway and marine diesel is being used today, with little or no modifications. More importantly for the Northeast U.S., where home heating oil accounts for 55% of petroleum distillate fuel consumption, biodiesel can be used as a substitute for home heating oil. Biodiesel can be blended with these petroleum distillates in any percentage and distributed through the existing infrastructure and dealer networks.
For our Country: The U.S. economy is, at present, inextricably tied to foreign sources of oil. Although recent exploration and extraction advances has improved our domestic production outlook, Americans are anxious to develop a wide range of domestic fuel sources that can stimulate the economy, create green collar jobs, improve our domestic energy structure and keep U.S. dollars in the United States. The U.S. consumes over 60 billion gallons/year of petroleum-based diesel, derived in part, from crude oil produced in countries that are hostile to the U.S. In response, the U.S. EPA has reaffirmed and updated its ruling on the Renewable Fuel Standard 2 (RFS2), which calls for over 1 billion gallons of domestically produced biodiesel in 2012 and 1.3 billion gallons in 2013.
For the Northeast U.S.: The Northeast United States consumes 11 bgy of diesel (18% of US). Our primary target market, heating oil, is a 4.1 bgy market. There are 7.1 million household that use heating oil in the Northeast, 75% of the entire U.S. market.
For the Environment: Until we curb our appetite for fossil fuels and further develop mitigation technologies, we will not see a dramatic decrease in CO2 and other harmful GHG emissions. Regardless of your position on global warming, fossil fuels pollute the environment and it is in the best interest of all to seek new means to produce cleaner burning fuels. With their clean emissions profiles, biofuels such as biodiesel can significantly reduce the adverse impact of our current crude oil based economy.