"BIODIESEL 101"
CALIFORNIA PETROLEUM CONFERENCE
HILTON SAN DIEGO RESORT & SPA, SAN DIEGO, CALIFORNIA, JUNE 24, 2009

We are an example of sustainable biodiesel which means we are taking what was formerly waste and turning it into a usable product.

Your customers are going to ask for renewable fuels like biodiesel.

The renewable fuels standard is currently being amended.

Biodiesel is going to be the most cost-efficient way to meet both the RFS II and the low carbon standard.

We have 2 million gallons/year capacity. Not BQ9000 certified. We follow the BQ9000 program and we periodically send out our biodiesel for ATSM evaluation.

Generally our prices are tied to OPIS rack prices in San Diego, generally 10-20 cents above. As diesel prices are getting higher, we're getting closer.

Using used cooking oil is not going to be the only answer to our problem. Used cooking oil is a limited supply. We use 600,000 gallons per day of diesel in this county and used cooking oil is estimated at approximately 6 million gallons per year.

Our customers generally go to the rack first and then come by our facility and top with biodiesel.

We are also doing research on trap grease. It is readily available and there are large volumes of it.