Biodiesel company invests in Community Power

Allegro Biodiesel Corp. purchased a $1 million minority stake in Colorado-based Community Power Corp., a move that is intended to help commercialize Community Power's modular biomass power system. Since 1995, the privately held company has used more than $12 million in USDA, U.S. DOE, Department of Defense and other funding to develop its gasification system for the on-site conversion of biomass residues. Its BioMax 50 model, for example, began processing walnut hulls to power and heat a California walnut farm this fall, and a Fischer-Tropsch unit will be added there in the spring to produce synthetic diesel fuel.