Express Biodiesel (EBD) is new business division under Express Grain Terminals, LLC (EGT) and is a privately held agricultural product processor located in Greenwood, Mississippi. Founded in 2007 by local entrepreneurs, EGT has been highly successful with their core concept of improving the logistics for agricultural grain production in the Mississippi Delta and creating innovative ways to serve local farmers. The Company currently operates three facilities at the eastern edge of the Mississippi Delta region that include a soybean processing facility, a high-speed grain terminal with drying, grading and storage capabilities and a facility that operates a grain storage elevator..
The Express Biodiesel process is a conventional biodiesel process that uses the traditional transesterification reaction to convert a glyceride (soybean oil) and methyl alcohol (methanol) to a methyl ester (biodiesel) and glycerin. Biodiesel will be sold to a number of large consumers who blend the biodiesel with regular diesel stocks for distribution into the fuel supply chain. Using its own refined soybean oil, Express Biodiesel will maintain a higher quality product than the average regional biodiesel producer who is using waste oils and animal fats which produce a lower quality biodiesel.
- Total Project Cost: $20 million
- MuniStrategies Allocation: $7 million ($5 million from other providers)
- Economic: This facility was built from a repurposed cottonseed mill that had been shuttered during the Great Recession. It provides value added processing for locally produced grain products and will produce nearly 10,000,000 gallons of environmentally sound biofuels annually.
- Jobs: The biodiesel plant project is projected to generate 72 permanent full-time jobs, of which 28 are permanent direct jobs. An additional 35 FTE construction jobs were created along with an estimated 9 indirect FTE permanent positions.
- Community: The Company and sponsors have always received strong support from the local community and is well known as a strong job creator in the community. The project participates in the Mississippi GAP program and receive sales tax abatements on equipment purchases, a 10-year state property, income tax abatement and a WINS Center Job Training Credit (25% of their wages for the first 800 hours). The Project has received outspoken support letters from the Greenwood Chamber of Commerce, Mayor and Industrial Board.
- Workforce Development: Standard training will consist of OSHA, equipment, electrical and oil processing and lab training. EBD also participates in the Mississippi WIN Job Center for both job placement and training and is reimbursed for part of the training cost.