Promethean produces and distributes high quality renewable fuel useable in diesel engines to Empire Oil Refineries’ members.

The company also provides clean energy from sustainable sources and recyclables, and collects used oil and grease and converts it into clean fuels.

Promethean uses all of the oil collected domestically to make biofuel, also known as biodiesel, a cleaner burning advanced biofuel and collects used oils and grease from restaurants and industrial waste generators to source feedstock.

Empire Oil Refineries president and CEO Arshad Shah said through the LOI, the company will acquire assets in the bio fuel clean energy space.

"We feel that with the addition of Promethean to our company provides an eco-friendly way to produce clean energy with biofuels," Shah said.