Maine Biodiesel Producer Gets Help from Federal Government

Updated 1 year ago

A small Maine fuel company is getting a big boost from the federal government.Congress has approved a tax credit for the makers of biodiesel.Maine Standard Bio Fuels is the only biodiesel producer in Maine.”Well, it’ll run just the same as diesel fuel.” Though, chances are, this diesel fuel once filled a “fry-o-lator.”It’s all recycled cooking grease that Maine Standard reformulates and touts as a cheaper, more environmentally friendly form of fuel.”It’s a cleaner fuel. It’s locally made fuel made here in Maine, and you’re taking advantage of recycling from that used cooking oil from restaurants,” says founder of Maine Standard, Mark Mays.The company collects from 500 restaurants all across northern New England, producing some 300 thousand gallons of bio diesel a year. Still, that’s just a fraction of the potential business it could be doing, but, these days, the grease market is tough.(00-21-37)(matt pemberton/cheif operating officer)”It’s pretty cut throat,” commented Matt Pemberton, Chief Operating Officer. “Our competition is primarily Commodity Brokers. They collect the oil and resell it on the commodities market.”Maine Standard collects its own oil, and hope that because the government reinstated a 2-year, 1-dollar a gallon tax incentive for bio diesel producers as part of the fiscal cliff deal, it’ll help this company expand faster, enabling it to better compete with those brokers.(00-18-00)(jarmin kaltsas/founder, maine standard biofuels)”I can look at maybe purchasing a new truck, or another truck for collection or bio-heat delivery. It allows us to increase our process a bit, as well as hiring more employees to grow,” said Jarmin Kaltsas, another founder of Maine Standard. In five years the company has already grown from 3 to 11 employees. Its owners convinced as more Mainers realize its benefits, the demand for bio diesel, essentially used cooking grease, will continue to grow as well.”It’s great for the environment: it’s lower emissions: you don’t have to make any modifications to your furnace, car or truck,” Mays added. The company’s biodiesel gas sells for about four dollars a gallon. Its biodiesel home heating fuel goes for about $3.40 a gallon.


MENU