The initial success of this project is due to the insight and experience of Bill Bates, who has extensive knowledge of the renewable energy industry
London (PRWEB UK) 8 December 2011
Black Pearl Capital Partners (“BPCP”) today announced the appointment of Bill Bates, a respected bio-diesel expert with extensive management experience, as Managing Director of its Biodiesel facility in Bromborough, Wirral. This refinery, which is the UK’s third largest in terms of production capacity, has recently started commercial production of EN 14214 biodiesel.
Bill Bates has been advising BPCP and its co-investor and asset manager, Aeternum Capital, on this project since its purchase in June 2010. In his new role, he will be managing all operational aspects of the plant and ensuring that the site meets its production targets.
He brings with him a wealth of experience in biodiesel production from his time at D1 Oils plc where he was Managing Director of Refining and Business Development Director for the UK. During his time at D1, he led the research and development program and oversaw the construction and operation of 5 modular refineries with a further 5 under construction. Previously, Bill Bates was Chief Executive of the North East Regional Chamber of Commerce, the first and largest Regional Chamber in the UK.
"The initial success of this project is due to the insight and experience of Bill Bates, who has extensive knowledge of the renewable energy industry. His full-time dedication to this project will help ensure that we meet our targets and become fully operational next year,” said Reza Irani-Kermani, CEO of Black Pearl Capital. “When we acquired the site, we set out a production schedule that would allow us to start biodiesel production as quickly as possible. We are now clearly on that path.”
The plant is expected to produce 50,000 tons of biodiesel per year by the first quarter of 2012. Having successfully completed the recomissioning process, the plant is scaling up its production in order to bring the plant to full capacity during the second half of 2012. It will also ensure that the finished product meets full European biodiesel quality standards (EN 14214).
About Black Pearl Capital Partners
Black Pearl Capital Partners is a private equity fund with a committed capital of USD 50m set up and managed by Black Pearl Capital (“BPC”).