Syracuse NY recognizes Innovation Fuels

By Susanne Retka Schill
Posted October 20, 2009, at 4:52 p.m. CST

Innovation Fuels Inc. was recognized at the annual Syracuse (N.Y.) Economic Champions banquet and awards ceremony Oct. 21. The Chamber of Commerce recognizes businesses that have added employees, expanded their space or relocated due to growth. "It's recognition that it's really small business that are driving the local economy," said John Fox, CEO of Innovation Fuels.

Innovation moved its corporate headquarters from Albany, N.Y., to the Tech Garden in downtown Syracuse this summer. "We moved to Syracuse largely because it is in the hub of our upstream activities," Fox said. The company is supplying biodiesel locally, and working with researchers and extension agents at Cornell University along with several farmers in Upstate New York on the development of pennycress and camelina as new biodiesel feedstocks.

Innovation Fuels operates a 40 MMgy multifeedstock biodiesel plant in the New York Harbor at Newark, N.J., and has terminal facilities in Milwaukee. Plans to build a biodiesel plant in Wisconsin are waiting on market improvements, although Fox reports the New Jersey plant has been "humming along." Located in a harbor with barge, rail and truck access, the company recently added blending facilities to be able to sell B20 at the rack and have begun selling a bioheat product in the region.