December 20, 2014 3:15 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Benefuel Inc.

Company Overview

Benefuel Inc., an alternative energy company, produces fuels, lubricants, and chemicals from non-food related fats and oils. It offers ENSEL, a catalytic process for refining renewable feedstock’s, and fats and oils into various products, such as fuel, biodiesel, oleochemicals, glycerin, biodegradable lubricants, and diesel fuel additives. The company was founded in 2006 and is based in Irving, Texas.

6565 North MacArthur Boulevard

Suite 260

Irving, TX 75039

United States

Founded in 2006

Phone:

972-764-4500

Key Executives for Benefuel Inc.

Co-Founder
Vice President of Business Development & Operations
Chief Science Officer
Compensation as of Fiscal Year 2014.

Benefuel Inc. Key Developments

Mission Newenergy Ltd Enters into Memorandum of Understanding with Benefuel Inc

Mission NewEnergy Ltd. entered into a memorandum of understanding (MoU) with Benefuel Inc. Benefuel has developed and successfully validated a groundbreaking and patented technology process that will allow Mission's 250,000 tpa biodiesel refinery to be commissioned and operated using substantially lower-cost feedstocks. The MoU with Benefuel provides for the parties to explore the possibility of entering into certain transactions including, but not limited to, licensing agreements, asset sale or a business combination transaction for the Malaysian refinery asset. The parties have also identified certain potential partners to approach relating to, but not limited to, joint-venturing, funding, operating and feedstock supply.

Flint Hills Resources LLC Forms Joint Venture with Benefuel Inc. Called Duonix LLC

Flint Hills Resources LLC has formed a joint venture with Benefuel Inc. to build biodiesel refineries. The venture, called Duonix LLC, has already begun its first project, a retrofit of a Flint Hills refinery in Beatrice, Neb., capable of producing 50 million gallons a year. The refinery has been transferred from Flint Hills to Duonix, although Flint Hills will continue to operate it.

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
June 5, 2014
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