With this move, the company is intending to ramp up production to its nameplate capacity as per its venture plan to be executed throughout 2014.
US Energy Initiatives CEO Anthony Miller said the company is excited to produce B100 biodiesel, a high grade single source ASTM quality biodiesel.
"Our goal is to utilize a wide variety of feedstocks to make different Biofuels," added Miller.
"Promethean Biofuels is an amazing firm with an extremely competent staff and we are exceedingly happy to be working with them."
Having started the purchase of feedstock for biodiesel with 6,000 gallons per week, US Energy Initiative is keen to increase the capacity to 18,000 gallons per week in the next few weeks.
Some of the purchased fuel would be converted to B5, a 5% biodiesel blended with regular diesel and some up to 20% biodiesel which is identified as B20, while some to B100, which is 100% biodiesel.
"At this level of production noted hereto we believe that U.S. Energy’s revenue should exceed $100,000 in the next 45 days. Our management has other plans and partnerships that it is seeking to help us to reach our potential as a biofuel producer and marketer," Miller said.
