Los Angeles energy company set to buy Mississippi biodiesel plant: MBJ report

The Mississippi Business Journal (MBJ) reported today that Vision Energy Group Inc. of Los Angeles is preparing to purchase an unspecified biodiesel production unit in Mississippi. Terms and location were not disclosed. The newspaper did not cite sources for the information.

MBJ reported on its web site that:

• Vision has retained a consultant to inspect the facility, which has a capacity of 60,000 gallons per day.

• Production has only been 20,000 gallons per day but can be increased with additional w working capital.

• Subject to its consultant's final report being favorable, Vision said it plans to make an offer to purchase and take over operations "as soon as possible."