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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Expect this to be the first of many [Apr 25: Shoes Beginning to Fall in the States]... unlike the federal government, local/state cannot print money out of thin air to address shortfalls. We've discussed countless times this will be the "lag effect" outcome... while everyone assures us everything is fine - these are the type of shoes we'll be seeing down the road. I was discussing this last December [Dec 13: A Web of Credit Snares Another: Cleveland]... One point I forgot to mention in the 2008 1st half predictions piece is the role of ever decreasing housing values on state (and city) revenue. A large part of revenue inflows is based on an asset (real estate) that is decreasing throughout the country. Budgets (and benefits) are set to recent 'good times'. Like most enterprises very few government institutions will save for coming rainy day ...