Royal Caribbean Cruises Signs Long-Term Biodiesel Contract with Imperium Renewables
7 August 2007
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.
TrackBack URL for this entry:
Listed below are links to weblogs that reference Royal Caribbean Cruises Signs Long-Term Biodiesel Contract with Imperium Renewables: