Monday, January 02, 2006
Support is building for region's first biodiesel plant
By HOWARD WEISS-TISMAN, Brattleboro Reformer
GREENFIELD, Mass. -- The region's first commercial biodiesel production plant could be up and running within a year, after investors voted this month to support the plant's business plan.
A group of local supporters of the alternative fuel started an energy cooperative, Co-op Power, about a year and a half ago.
About 165 members have joined the energy co-op.
For a $975 membership share, Co-op Power members have been pooling their funds to try to raise the capital necessary for building a biodiesel plant.
The company that will build and manage the plant, Northeast Biodiesel, has secured a site in Greenfield. At a meeting in December, Co-op Power members voted unanimously to invest $125,000 in Northeast Biodiesel.