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Royal Caribbean Cruises Signs Long-Term Biodiesel Contract with Imperium Renewables

Royal Caribbean Cruises, Ltd. (RCCL) has contracted with Imperium Renewables to buy a minimum of approximately 15 million gallons of biodiesel in 2007 and thereafter approximately 18 million gallons of biodiesel annually for four years with an option for a three-year extension.

In its S-1/A filing with the SEC, Imperium said that it believes this is the single-largest long-term biodiesel sales contract to an end user in the US. The RCCL contract is also the the only major long-term biodiesel customer contract that Imperium has, and its expects the contract to account for a substantial portion of its 2007 and 2008 revenue.

Comments

Schmeltz

Good news for Bio-diesel advocates. Just a thought but, I wonder if they could build cost competitive nuclear ships? Submarines and Aircraft carriers already are, why not the rest of the big vessels?

Chris

So how will it not turn to gel in the tanks? All the reports on marine use tells me that biodiesel and steel fuel tanks in cold water don't mix.

It doesn't get very cold in the Caribbean.

Nick

Alaskan waters are cold even in summer. Combine that with palm oil bd and who knows?

sulleny

Excess heat redirected to fuel tank warming in cold weather is one approach.

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