Buffalo Biodiesel Inc., a leading recycler of used cooking oil and producer of renewable green fuels, has announced a transformative capital and growth partnership with Verite Capital Partners (VCP). The agreement establishes a planned $300 million funding program to expand BBD’s operations from 15 states to 25 across the eastern United States, stretching from Montreal to Miami.
Under the terms of the agreement:
Don Jones, founder and managing partner of Verite Capital, will become a minority owner of Buffalo Biodiesel and assume the role of Chairman of the Board upon full funding.
The investment will finance the construction of two state-of-the-art renewable natural gas (RNG) plants, one in the Northeast and another in the Southeast (Mississippi).
At full funding, BBD anticipates adding over 600 new employees to support expanded operations and processing infrastructure.
The funding will be deployed in three stages, enabling BBD to scale its footprint from 15 states to 25, covering all states east of the Mississippi.
“This partnership marks a pivotal moment not just for our company, but for the region’s clean-energy future,” said Sumit Majumdar, President & CEO of Buffalo Biodiesel. “With Verite’s backing, we can strengthen our mission: collecting used cooking oil from tens of thousands of restaurants, converting organic waste into renewable natural gas, and expanding sustainably from Montreal to Miami. The two new plants and hundreds of new jobs will deliver meaningful economic impact across underserved markets.”
Don Jones of Verite Capital added, “We believe in business with purpose. Becoming a partner and Chairman of Buffalo Biodiesel allows us to invest in a growth company aligned with our values — equity, community, and clean energy. Together, we will expand operations east of the Mississippi, create meaningful jobs, and bring RNG production to new markets. We are honored to help accelerate sustainable fuel solutions while empowering communities.”
Currently, Buffalo Biodiesel serves over 28,000 restaurant supplier locations across 15 states and operates one of the largest used-cooking-oil networks in the Northeastern U.S. The new funding and strategic partnership will bolster logistics, processing, and monitoring systems, launch the two new RNG facilities, and systematically scale operations into the Southeast corridor.
