Empire Oil Goes Green With Promethean Deal

Law360, New York (October 6, 2011, 4:00 PM EDT) -- Empire Oil Refineries Corp. announced Thursday it will snap up California-based renewable energy company Promethean Biofuels Inc. in a move that pushes forward the company’s recent efforts to expand its reach in the clean energy sector.

Wyoming-based Empire signed a letter of intent to acquire Promethean as a wholly owned subsidiary, producing and distributing renewable biofuel used in diesel engines. Promethean also specializes in creating clean energy domestically. It uses sustainable sources and recyclables such as used oils and grease from restaurants and industrial waste generators to produce...
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