s Hoquaim facility is capable of processing up to 100 million gallons of B100 annually.
Capital most recently acquired their first Midtown property at 309 West 57th Street, a 75,000 s/f building with 102 apartments, in December 2012 for $42.
John Plaza, president and CEO of Imperium
Renewables, said, 'Umpqua Bank's highly involved and knowledgeable team impressed us with their commitment to finding a flexible and creative solution for our financing needs and to investing in sustainable businesses.
is a provider for the industry's largest and most forward-thinking firms, including Toluna, Survey Sampling, e-Rewards/Research Now, Authentic Response, GMI and U-Samp.
said the biodiesel industry has been hit hard over the last 18 months, largely due to economic turmoil, volatile energy prices, soaring feedstock costs and the continuing credit crisis.
This is the first Midtown acquisition for Imperium
In lending to Imperium
, Umpqua Bank demonstrates its commitment to help grow the region's economy by finding financial solutions for local businesses.
103 Prince Street is a landmark property and Imperium
Capital's second investment in SoHo.
This funding is a significant step in the process we set forth in January to turn this company around, but we still face hurdles as the amount of funding is limited," said John Plaza, founder and CEO of Imperium
Marshall Harrison, Founder and CEO of Imperium
commented, "This patent demonstrates Imperium
's commitment to advancing the industry in identity verification and fraud prevention.
In addition to operating its biodiesel plant in Grays Harbor, Washington, Imperium
is focused on identifying and commercializing next-generation feedstocks and fuels at its research and development lab located at the original Seattle Biodiesel facility.
today announced that Randall Scheib has formally joined Imperium
as Global Sales Director.