HECO strikes deal with Iowa company for biodiesel supply
Hawaiian Electric Company said today it has struck a deal with Iowa-based Renewable Energy Group to supply three to seven million gallons of biodiesel per year for years to be used at HECO’s new 110-megawatt combustion turbine generator at Campbell Industrial Park.
HECO said in a news release that REG was the winning bidder from eight companies seeking the contract. HECO said REG will supply biodiesel processed from used cooking oil and waste animal fat.
The deal must be approved by the Hawaii Public Utilities Commission before the contract can be included in HECO’s fuel costs.