Blue Diamond Ventures, Inc. will continue to negotiate the rights to acquire substantial land in Africa for the development of biodiesel production plants as a recent acquisition has set the tone for continued growth.
According to a company release, immediate sales in the United States and abroad are expected from the facility which, following expansion, will have an eventual production capacity of 70 million gallons per year.
"This acquisition represents a significant strategic growth opportunity for Blue Diamond Ventures, Inc.," said CEO John Quincey Moaning. "There is a projected increase for more biofuel consumption in the United States and abroad."