Pure Biofuels Corp., a company dedicated to becoming a leader in Latin America’s burgeoning biofuels industry, announced today that it has finished the construction of an underwater pipe that will become part of Peru’s largest integrated bulk liquid terminal operation.

In addition to transporting and storing raw materials, and blending and exporting finished product from its own biodiesel facilities, the company anticipates making its tank farm available to third parties, which will allow Pure Biofuels to diversify its revenue stream with a high-margin revenue source,. Other plans include marketing its spare storage space to third parties such as refiners, distributors, marketers and industrial/commercial end-users of petroleum chemical products.

Pure Biofuels’ Chairman Chris Tewell stated, “Pure Biofuels now owns and will soon operate Peru’s largest integrated terminaling operation. Our tank farms greatly complement our primary production facility, which includes a biodiesel production plant and a blending facility. We plan to commence our terminaling

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The talking heads on CNBC are wondering why oil prices keep going higher. Well, a picture is worth a thousand words, so here's why ...Source: Netoilexports.blogspot.comYou can see exports are down year over year while demand keeps rising. And that's why the Saudi agreement to pump more oil isn't calming the markets -- it's too little too late. Saudi Arabia, United Arab Emirates, Iran, Kuwait, Iraq and Qatar curbed their output by 544,000 barrels a day last year. At the same time, their domestic demand increased by 318,000 barrels a day. So, their net exports dropped by 862,000 barrels.

It would seem that the proposed rise in Saudi production of 200,000 barrels from June to July, on top of the 300,000 bpd rise in May, is not enough to even make up for last year's cut in OPEC exports.

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