Phase 2 – 10.4 million gallon facility in Williamsburg County, SC
Phase 3 – 10.4 million gallon facility in Baltimore County, MD
Phase 4 – 10.4 million gallon facility in – TBD
Although Phases 2 4 do not reflect plant operations in Williamsburg County, SC, SRE would definitely be interested in pursuing agreements that will allow for more phases to be implemented in its county as well as surrounding counties.
SRE will purchase crushing equipment at approximately $2mil with the capacity to crush raw rapeseed and convert it into de-gummed oil for sale to SRE's production division, and for sale to other SC biodiesel producers at a fair price (enabling them to produce fuel at a profit also). There is also the option for cooperatives to partner in this endeavor also. This partnership would decrease SRE's cost and risk as well as provide the local farmers with another revenue stream.
SRE will partner with a local SC trucking company (with an existing fleet of trucks) to transport raw feedstock to the crusher, transport de-gummed oil to SRE's own production facility and transport de-gummed oil to other SC biodiesel producers. They will also transport processed biodiesel from SRE's production facility to state/county fueling depots for sale at below market pricing under a 20-25 year (long term) purchase agreement
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