OPP, Ala. & SANTA ROSA BEACH, Fla. -- Crew Distributing Co. Inc. and Perihelion Global Inc. have announced a five-year agreement for Cew Distributing to purchase, distribute and market biodiesel from Perihelion Global's Opp, Ala., biofuel refinery.
Crew Distributing is a Chevron/Texaco distributor; operates a fleet of tanker trucks; and is licensed, bonded and insured to distribute petroleum fuels, chemicals and lubricants in the southeastern United States to portions of Alabama, Georgia, Mississippi and Florida. It also owns and operates several [image-nocss] major oil company-branded retail gas stations.
The purchase, distribution and marketing agreement calls for Crew Distributing to purchase the permitted production capacity (currently permitted for approximately three million gallons annually) of Perihelion's Opp refinery. Additionally, Crew Distributing has secured a first right of purchase, distribution and marketing option on all increases in production capacity for the Opp refinery. The refinery is planned to have annual production of 60 million gallons per year with the phase-two addition.
The new agreement greatly expands on the previously announced letter of intent for Crew Distributing to purchase 1.2 million gallons of biodiesel from Perihelion. Under the new deal, Crew Distributing will also provide logistical transport, distribution, marketing and additional storage capacity and for all biofuel produced at the Opp refinery.
Santa Rosa Beach, Fla.-based Perihelion Global focuses on the acquisition, development and management of technologies, strategic commodity reserves and assets in the energy, natural resource and communications markets.
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