Colbeck Capital Management provided a $58.5 million facility to ramp up operations of an American fuel producer. The growth capital will support the new company's production, storage, and distribution of biodiesel.

"We are proud to support our partners as they promote the global use of environmentally-friendly, sustainably-produced fuels," said Jason Colodne, managing director and founding partner of Colbeck Capital. "As the country takes steps toward reducing carbon output, we are thrilled to support an American producer of low-carbon, clean-burning fuel."

Biodiesel is widely considered a carbon-efficient alternative to other fuels as its feedstocks are typically natural, renewable, or the recycled by-product of other production processes. As a result, biodiesel can be over 70% less carbon-intensive than petroleum diesel. Biodiesel also significantly reduces emissions of carbon monoxide, particulate matter, unburned hydrocarbons, and sulfates compared to traditional fuels. Studies suggest that biodiesel reduces emissions of carcinogenic compounds by as much as 85% compared to petrodiesel.