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- IBI Funding Agreement
IBI Funding Agreement
Posted by Sarthak Prasad on June 30, 2016
The Illinois Biodiesel Initiative (IBI) is a registered student organization whose primary mission is to produce biodiesel and soap from waste vegetable oil (WVO) collected from campus dining halls. The Student Sustainability Committee initially voted to fund the Illinois Biodiesel Initiative during its 2012-13 funding cycle; however, due IBI being forced out of their old site at the Illinois Sustainable Technology Center, SSC funding was put on hold. While they wait for their permanent site in the Integrated Bioprocessing Research Laboratory, IBI is currently running scaled-down production in a space in Roger Adams Laboratory.
This project helps IBI to rebuild production up to previous levels at the ISTC, where they were self-funding. An infusion of funding over the next year is critical to allow the IBI to grow and develop into a self-funding organization.
Agreements are already in place with Campus Fleet and Campus Dining for the sale of biodiesel and soap, respectively.