Exploration & Processing - Winter 2010 - (Page 104)
INNOVATION FUELS BY FERNIE TIFLIS Photo: Innovation Fuels CEO John Fox with Innovation Fuels’ New York Harbor biorefinery in the background and Newark skyline in the distance. ALTHOUGH THERE IS A LACK OF GOVERNMENT MANDATE, INNOVATION FUELS IS DETERMINED TO PUSH THE USE OF ALTERNATIVE ENERGY IN THE UNITED STATES. PUSHING THROUGH COMPANY PROFILE Innovation Fuels www.innovationfuels.com Headquarters: Syracuse, N.Y. Employees: 50 Specialty: Biodiesel refinery John Fox, CEO: “So much about the fuel business is related to logistics, and we have that.” and distribution 104 | EXPLORATION-PROCESSING.COM ormed only two years ago, Innovation Fuels – a Syracuse, N.Y.-based biodiesel refinery and distribution company – has lived up to its name. CEO John Fox owned Homeland Energy in 2001. When he merged his firm with Hampton Biodiesel, led by Malek Jalal – who now serves as Innovation Fuels’ president – the duo knew they had something special. Experience combined with the financial backing of some of the largest institutional investors – including Credit Suisse Group, RNK Capital LLC and Lyrical Partners – have positioned Innovation Fuels as one of the leading biodiesel firms in the industry. Innovation Fuels is able to remain competitive by maintaining strategically located port locations. “We literally have a refinery in New York Harbor, which allows us to serve the Northeast market,” Fox points out. “We also have a distribution market in Milwaukee, which allows us to serve the Great Lakes region. We have international sales distribution in Europe and Asia. So much about the fuel business is related to logistics, and we have that.” With production capacity of 950,000 barrels of biodiesel oil per year, the company’s current focus is developing its upstream assets – marketing and controlling its own incoming feedstock. “Our focus is feedstock from agricultural products that are non-food based and can be used immediately in our processes within one to WINTER 2010
Table of Contents for the Digital Edition of Exploration & Processing - Winter 2010
Exploration & Processing - Winter 2009
Preparing for an Economic Upturn
Emergency Preparedness Case Study
quasar energy group
The Crossing Co.
Discovery Drilling Contractors
Mantra Venture Group
Alaska Clean Seas
Platinum Group Metals Ltd.
TG Engineering Inc.
Abacus Mining & Exploration Corp.
Advanced Rig Services
Bell Industries Inc.
Canrig Drilling Technologies Ltd.
Equipment Maintenance Services
Galloway Oilfield Construction Ltd.
Latex Construction Co.
PC Gold Inc.
Processes Unlimited International Inc.
Global Industries Ltd.
Herman Oil Co.
Juhl Wind Inc.
MWD Services LLC
Nevada Geothermal Power Inc.
Oski Energy LLC
Powertech Uranium Corp.
Avanti Mining Inc.
BlackBrush Oil & Gas – Texstar Midstream
The Coeur d’Alenes Co.
Vibration Technology Inc.
Exploration & Processing - Winter 2010