Hawaii to decide fate of biofuel transportation plan on Friday - report

(SeeNews) - Mar 12, 2014 - The Hawaii Board of Land and Natural Resources is expected to decide on Friday whether to approve Hoku Kai Biofuels LLC’s plan to use an old pipeline to transport biofuel from ships at the port of Hilo, the Hawaii Tribune Herald said Tuesday.

The regulator needs to grant a 65-year easement for the pipeline, while final approval for the project depends on the environmental assessment.

The pipe was built back in the 1960s and was used for the transportation of asphalt products to a former site of US Shell Oil, part of Royal Dutch Shell (LON:RDSA). Hoku Kai Biofuels purchased the facility and now wants to transport vegetable-based fuels from cargo vessels to storage tanks on its properties.

The newspaper cited Hoku Kai Biofuels spokesman Chuck Barker as saying that the firm has held some initial talks with utility Hawaiian Electric Co (OTCMKTS:HAWEL) to purchase the biofuel. The firm is searching for other clients, as well, according to the report.

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