Colbeck Capital Management provides $58.5M facility for biodiesel producer

In New York state, Colbeck Capital Management announced it had provided a $58.5 million facility to ramp up operations of an American fuel producer. The growth capital will support the new company’s production, storage, and distribution of biodiesel.

“We are proud to support our partners as they promote the global use of environmentally-friendly, sustainably-produced fuels,” said Jason Colodne, managing director and founding partner of Colbeck Capital. “As the country takes steps toward reducing carbon output, we are thrilled to support an American producer of low-carbon, clean-burning fuel.”