The biofuel industry may be closer to rivaling conventional fuel companies for financial success. Ray Dellinger, CEO of Argo Fuels, said that his new NanoCatylist Processor will help turn biodiesel into a viable alternative to petroleum. He said that biofuel producers working together can not only turn a profit but, through low-cost production, release the industry from reliance on government subsidies.
“We’ve chosen not to be a competitor with the other biodiesel producers; we’re planning on waste-water treatment plant facilities but, at the same time, go to these other producers and offer services to produce efficiently and make a better profit margin for themselves,” Dellinger said. “The cost of a gallon of fuel is low enough, we’re able to not have to use government subsidies to make a profit at this—it’s only about a dollar a gallon to produce. So, we can actually go head-to-head with petroleum producers and become an economical choice at the pump.”
The NanoCatylist Processor takes wastewater residue and turns it into diesel fuel, achieving near identical energy output as petroleum. The machine itself can fit within a forty-foot shipping container. Dellinger said that the technology can help reinvigorate the diesel industry.
“Our plan is to bring it back to how it used to be where diesel was a cheaper fuel source than gasoline. Now it’s gotten ridiculous but it wasn’t always like that,” he said. “Argo producing this fuel, and helping other biodiesel producers become more efficient in producing their fuel, we can take this industry to the point where it becomes a real thing, something that is actually competitive and something that can bring about real change.”
4.5 billion gallons of material that could be used by the processors instead ends up in landfills.
