Imperium Renewables Applauds EPA, Obama Administration for Ruling on Biomass-Based Diesel Requirement for 2013

Policy Will Help Increase Demand for Biodiesel, Resulting in Economic Benefits for Grays Harbor, Washington State

Marketwired

SEATTLE, WA--(Marketwire - Sep 14, 2012) - Imperium Renewables, a global leader in biodiesel production, applauded today's issuance by the Environmental Protection Agency (EPA) of the final rule establishing 1.28 billion gallons as next year's biomass-based diesel volume requirement under the Renewable Fuel Standard (RFS). Company founder and CEO John Plaza stated:

"This policy will be critical in ensuring strong demand for biodiesel nationally and help companies like Imperium increase production going forward. This showcases the leadership needed to increase America's ability to source our energy right here at home.

"Imperium Grays Harbor employs 45 full time employees, several of whom are veterans of Iraq and Afghanistan, in the production of American-made biodiesel at competitive prices. This policy will enable us to increase production, continue to support family wage jobs in Washington state and result in several million dollars in additional revenue to the county of Grays Harbor and the state of Washington in the form of port fees, payroll and sales taxes and other economic benefits.

"A strong and stable RFS has been key to the development of the US biodiesel industry and is important as the industry continues to grow and provide increased economic benefits and job creation. The biomass-based requirement alone will reduce the import of petroleum-based diesel next year by nearly 31 million barrels and keep over $4 billion in US dollars from going overseas."

About Imperium Renewables
Imperium Renewables is a global leader in next-generation biofuel production. Founded in 2004, the company is driven by a single ambitious goal -- to fundamentally change the way we fuel our cars, trucks, ships, trains and planes by developing and producing renewable and sustainable fuels. Imperium Renewables operates one of the nation's largest BQ-9000 certified biodiesel facilities, Imperium Grays Harbor in Hoquiam, Wash., which is capable of producing up to 100 million gallons per year. More information is available at www.imperiumrenewables.com.

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