Imperial Petroleum has said the biodiesel production plant it bought in May is on track to produce and sell 24 million gallons of biodiesel each year.
The facility in Middletown, Indiana, sold 1.98 million gallons of biodiesel in October 2010, bringing in $6.3 million in revenues.
Evansville-based Imperial Petroleum, Inc., is execting annual revenues of $70 million from the facility operated through its subsidiary e-biofuels.
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