innovate arkansas

“The investors in the Fund for Arkansas’ Future recognize what’s happening in the bio-diesel industry nationwide and believe the potential for biodiesel growth in Arkansas is substantial,” said Jeff Stinson, executive director of FAF. “We believe Patriot is poised to be the state’s leader in the biofuels industry.”

“As entrepreneurs, we appreciate FAF’s confidence in our enterprise. As lifelong Arkansans, we appreciate their commitment to the future of our state,” said Tommy Foltz, president of Patriot. “Our relationship with FAF opens up numerous potential opportunities for us as we work to grow our business.”

Patriot BioFuels announced its plans last November to open a facility at Stuttgart that will produce biodiesel by early spring.

Patriot BioFuels, based in Little Rock, is the first independent producer in Arkansas.

“We believe Patriot BioFuels will be a win-win for everyone,” Stinson said. “It is a clean fuel that helps protect our environment and reduces our country’s dependence on foreign oil.”