Newspaper article THE JOURNAL RECORD

Houston Company Plans Biodiesel Facility in Oklahoma

Newspaper article THE JOURNAL RECORD

Houston Company Plans Biodiesel Facility in Oklahoma

Article excerpt

Houston-based Nova Energy Holding Inc. on Wednesday announced plans to build a biodiesel production facility at a site in Oklahoma that has yet to be determined.

Nova has an agreement for ConAgra Trade Group Inc. to provide vegetable oil and animal-based feedstock for the biodiesel plant. Nova also has an agreement for ConAgra to buy the biodiesel fuel produced at the refinery.

By contracting both for feedstock coming into the facility and biodiesel sales going out, these agreements provide for a total logistics solution for our biodiesel locations, said Kenneth Hern, Nova's chairman and CEO.

This is an important milestone for our company, he said. We are extremely pleased to have ConAgra involved with us in marketing what we believe will be the highest-quality, cleanest-burning biodiesel in America.

Nova will own the biodiesel refinery, which it expects to open in 2007.

We are pleased to partner with Nova on procurement, logistics and marketing, said Martin Higgins, executive vice president for business strategies, ConAgra Trade Group. Our goal is to bring all of our resources and capabilities to the table for Nova, in a shared commitment to provide quality biodiesel.

ConAgra Trade Group is a subsidiary of ConAgra Foods Inc., based in Omaha, Neb. ConAgra Foods provides products for grocery retailers, restaurants and other foodservice establishments. ConAgra consumer brands include Banquet, Chef Boyardee, Egg Beaters, Healthy Choice, Hebrew National, Hunt's, Marie Callender's and Orville Redenbacher's.

The long-term agreements with ConAgra for the Oklahoma biodiesel facility are with Nova Biofuels Oklahoma LLC, a wholly owned subsidiary of Nova Energy.

Nova has already started buying stainless steel and other equipment for the refinery.

Nova initially plans to construct and operate two to four biodiesel refineries with annual production capacity of between 120 million to 240 million gallons. …

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