Pinnacle Capital and Springboard Biodiesel announced a new financing program to help U.S. public and private educational institutions establish small-scale biodiesel production programs that turn used cooking oil into fuel for campus vehicles.

“Turning used cooking oil from campus kitchens into fuel that will run buses and other campus vehicles is not only a proven method for any school to reduce its carbon footprint, but because the cost of making biodiesel in our BioPro(TM) systems is less than $1.00/gallon, it’s also a great way for any school system to bring money back into its budget,” said Springboard Biodiesel CEO Mark Roberts.

“We have 59 colleges and universities enthusiastically using our equipment to convert used cooking oil into biodiesel. They are saving money, reducing their carbon footprint and, in many cases, incorporating the system into their sustainability curriculums. This really is a ‘no brainer,’ and with this financing option now available, we are excited that virtually any academic institution that feeds its students can benefit from a campus biodiesel program,” he said.

“We hope that by assisting in the initial purchase, via our financing program, we can both help US educational institutions to continue to grow their sustainability programs as well as assist a U.S. clean tech manufacturing company that has designed and built a really compelling product,” said Brian Shaw, vice president at Pinnacle Capital.

“U.S. educational institutions are really at the forefront of making positive changes to combat global warming, and we are excited that an institution with the experience and financial savvy of Pinnacle is teaming up with us to help proliferate a meaningful clean-tech solution that can make a significant impact today,” concluded Roberts.

Based in Chico, CA, Springboard Biodiesel is a leading provider of small-scale biodiesel production systems.