Plans for biodiesel plant on hold

Plans to build a biodiesel production plant at the Port of Wilmington are on hold.

Kreido Biofuels announced last week that the company does not have enough money to go through with the project.

A port spokesperson says this will not have any major impact on the port, but the news is still disappointing.

Ports Authority spokesperson Karen P. Fox said, “There had been no money invested by the port’s authority so the impact is loss of potential business, which we really regret.”

Kreido proposed the facility last year. Construction was scheduled to start in the fall.