Innovation Fuels, a renewable energy company, will begin selling biodiesel at the Port of Milwaukee, making it the first terminal in the nation dedicated solely to the sale of renewable fuels. Here are some facts:
- Innovation Fuels C.E.O John Fox says that selling biodiesel via the Milwaukee terminal will significantly lower costs of biodiesel to customers in the Great Lakes due to lower transportation costs.
- The company purchased the terminal, which was originally built as Shell Oil’s Milwaukee headquarters in the 1950s, from NuStar Energy L.P. in January.
- The facility has a capacity of 312,000 barrels and is located on 10 acres. It includes a 20,000-square-foot warehouse, executive offices and a garage.