Colonial Oil is teaming up with Finnish biofuels producer Neste to start a renewable diesel project in Savannah, Georgia.
The joint venture will aim to increase renewable diesel supply in Savannah and other areas in the southeast US. Savannah-based container service companies Terminal Investment and Gateway Terminals are also a part of the initiative. Colonial declined to say how much renewable diesel will be made available by the joint venture.
Neste will source the renewable diesel from its refineries in Europe and make it available via Colonial's terminal capabilities in Georgia and other states such as Florida, North Carolina, and South Carolina.
Colonial received its first product shipment in Savannah and Jacksonville, Florida, last week and sales are expected to begin later in the first quarter of this year, Colonial said. It is also planning to offer the renewable diesel in Charleston, South Carolina, and Wilmington, North Carolina, as demand rises.
