Buffalo Biodiesel announces partnership with Verite Capital Partners

Buffalo Biodiesel Inc., a Buffalo, New York-based collector and processor of fats, oils and grease, has announced a capital and growth partnership with Verite Capital Partners.

The agreement secures a planned $300 million funding program that will accelerate the company’s expansion across the eastern U.S., bringing its 15-state footprint to a total reach of 25 states.

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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 completion of the funding.

The funding will support the construction of two new renewable natural gas (RNG) plants, with one in the Northeast and the other in Mississippi. At full funding, Buffalo Biodiesel expects to add more than 600 new employees as it scales its operations and processing infrastructure. The funding rollout will occur in three stages, aiming to support growth throughout “all states east of the Mississippi” once the rollout is fully executed.

“This partnership marks a pivotal moment not just for our company, but for the region’s clean-energy future,” Buffalo Biodiesel President and CEO Sumit Majumdar says. “With Verite’s backing, we can double down on our mission: collecting used cooking oil from tens of thousands of restaurants, converting organic waste into renewable natural gas and expanding sustainably from Montreal down to Miami. The two new plants and the hundreds of new jobs they bring will deliver real economic impact across underserved markets.”

Buffalo Biodiesel serves more than 28,000 restaurant supplier locations across is one of the largest used-cooking-oil networks in the Northeastern U.S.

“We at Verite Capital believe in business with purpose,” Jones says. “Becoming a partner and chairman of Buffalo Biodiesel allows us to invest in a growth company that aligns with our values—equity, community and clean energy. Together, we’ll expand operations east of the Mississippi, build meaningful jobs and bring RNG production to new markets. We’re honored to join this journey and help accelerate sustainable fuel solutions while empowering communities.”