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In a move that could redefine the renewable energy landscape across the eastern United States, Buffalo Biodiesel Inc. announced on Friday a $300 million strategic investment from Verite Capital Partners, marking one of the most ambitious private clean-energy partnerships in recent years.

The Buffalo, New York-based recycler, known for converting used cooking oil into renewable green energy, said the investment will expand its reach from 15 states to 25, stretching from Montreal to Miami. The company currently serves over 28,000 restaurant suppliers, operating one of the largest waste-to-energy collection networks in the Northeast.

A Three-Phase Growth Plan and Two New Renewable Gas Plants

The new capital infusion will roll out in three stages, focusing on organic expansion throughout the eastern U.S. According to the announcement, the funding will also support the construction of two state-of-the-art renewable natural gas (RNG) facilities — one in the Northeast and another in Mississippi.

“These facilities will be engines of both innovation and opportunity,” said Sumit Majumdar, Buffalo Biodiesel’s president and CEO. “With Verite’s partnership, we’re doubling down on our mission — transforming restaurant waste into renewable energy while driving real economic growth across underserved regions.”

The expansion is expected to create more than 600 new jobs, bolstering both environmental and economic sustainability across the company’s new service corridor.

A Partnership Rooted in Purpose and Clean Energy

Under the terms of the agreement, Verite Capital founder and managing partner Don Jones will become the majority owner of Buffalo Biodiesel and take on the role of chairman once the deal closes.

Jones described the partnership as a natural fit for Verite’s investment philosophy: “We believe in business with purpose,” he said. “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.”

He added, “Together, we’ll expand operations east of the Mississippi, bring renewable gas production to new markets, and create meaningful employment opportunities. This is more than an investment — it’s a blueprint for sustainable industry.”

Fueling the Future of Renewable Energy

The Verite Capital $300M Investment represents more than a financial injection — it’s a statement about the intersection of environmental innovation and private equity. The partnership will strengthen Buffalo Biodiesel’s logistics, enhance processing monitoring systems, and scale infrastructure to meet rising demand for renewable natural gas.

Majumdar emphasized that the deal is about long-term regional transformation: “This partnership marks a pivotal moment not just for our company, but for the region’s clean-energy future.”

Legal advisors for the deal were not disclosed Friday, but the announcement signals a new era for U.S. green fuel production, as corporate partnerships increasingly steer investment toward sustainability-driven ventures.