Dive Brief:
- Revolution Fuels, a startup based in St. Louis Park, MN raised close to $1 million to pump into its on-demand mobile biodiesel production units.
- The company sends out special trucks equipped to recycle waste grease from industrial fryers and other food producers on site; the system converts the grease into transportation-grade fuel.
- Clients can use the biodiesel in their own vehicles or opt to sell the fuel into distribution.
Dive Insight:
The equipment, designed to be transported, is installed on the trucks. The mobile units have the potential to produce 1,000 gallons every hour. At this time, the service works best for customers that generate between 10,000 and 75,000 gallons of feedstock monthly. The company generally charges per gallon. The latest round of funding comes after the firm raised $2 million in financing in March 2014.