Biofuels Trust Fund and Hawaiian Electric Company (HECO) subsidiary have setup a Biofuels Trust Fund for promoting the use of biodiesel for use in Hawaii. The joint venture is planning the opening of a new Biodiesel plant capable of processing multiple vegetable oil feed-stocks, ideally those produced on the islands or surround pacific rim countries.  The plant will be located on a 15 acre site of Maui Electric Company’s Waena Generating Station site and will start at being able to process 40 million gallons per year and is expandable to handle 120MGPY. Profits placed into the trust will be used to fund other areas involving biofuels including research and support for local feedstock production. This is definitely a good move for the companies and Hawaii as a move from depending on oil burning diesel generators and should help keep locally produced feedstocks at stable prices. Visit Blue Earth Biofuel for more information on this biodiesel project.