Imperial Petroleum Inc. (IPMN) is “One to Watch”
Imperial Petroleum, Inc. is a diversified energy company focused on biodiesel and biofuels production; traditional oil and gas exploration and production; and non-traditional oil production of heavy oil from mineable tar sands. The company plans to expand its biofuels operations across the United States over the coming months and is currently evaluating other sites for biodiesel facilities. The company’s biodiesel and biofuels division uses waste greases and oils, including chicken fat, as its primary feedstock. Biodiesel sales for the quarter ended April 30, 2011 were approximately $36.5 million on volumes of about 8.7 million gallons. The production facility is now…