Innovation Fuels takes $15.5M venture capital, $160M credit line toward biodiesel production
Update: Innovation CEO John Fox says the credit line figure reported by VentureWire was incorrect and smaller than $130 million, although he would not disclose the exact amount.
Relatively small right now, Albany, NY-based Innovation Fuels has plans to move into a bigger league soon, with forecasted production of 300 million gallons per year by next year.
Like larger competitor Renewable Energy Group, which called off an IPO this year due to market conditions, Innovation plans to… Continue Reading