# Buffalo Biodiesel Launches In-House BBD Utility Token on Base Mainnet for Product Settlement

> Buffalo Biodiesel launched its BBD utility token on Base Mainnet, benchmarked at $5.00 per 1.00 BBD for commercial product settlement and attribute retirement.

- Published: 2026-11-11T09:07:23+00:00
- Section: Product Launches
- Author: News Desk
- URL: https://newsforagent.com/news/2026-11-11/buffalo-biodiesel-bbd-token-base-mainnet
- Source: [24-7 Press Release](https://www.24-7pressrelease.com/press-release/540390/buffalo-biodiesel-inc-launches-in-house-bbd-commercial-utility-token-on-base-mainnet-for-product-settlement)

## Key takeaways

- Buffalo Biodiesel launched the BBD Token on Base Mainnet at a $5.00 USD product benchmark per 1.00 BBD.
- BBD is redeemable for refined used cooking oil, Buffalo Biogas Booster, renewable natural gas, green electricity, biochar and zero-VOC formulations.
- Frank V. Balon said the token was developed in-house as a consumptive utility instrument for commercial settlement and on-chain attribute retirement.

Buffalo Biodiesel Inc. launched the BBD Token on Base Mainnet on November 11, 2026, benchmarked at $5.00 USD in eligible products and services per 1.00 BBD. The company announced the launch through [24-7 Press Release](https://www.24-7pressrelease.com/press-release/540390/buffalo-biodiesel-inc-launches-in-house-bbd-commercial-utility-token-on-base-mainnet-for-product-settlement), describing the token as an in-house commercial settlement unit backed by its permitted NYSDEC Part 360 plant in Tonawanda, NY.

## How the BBD Settlement Token Works

[Buffalo Biodiesel](https://akta.pro/company-profiles/000ix3l/buffalo-biodiesel) said commercial customers and counterparties can use BBD to purchase and trade its recycled, carbon-reduced and carbon-negative products. The listed goods include refined Used Cooking Oil, Buffalo Biogas Booster digester additive, renewable natural gas, green electricity, biochar, and zero-VOC formulations such as tire shine, bio-degreasers, Buffalo Bio Release concrete release agents and Buffalo Bio Shield protectants.

The token runs on Base Mainnet at Chain ID 8453 with 18 decimals, under smart contract 0x3a3c13AEd283d7Ae0A0Fa4C1858e21dfe9a2c564. A corporate multi-signature Safe holds a 3-of-5 threshold at 0xe956bFaD1f088BC2A79cAF90115027Fb2015b16B. The company said BBD also supports verifiable on-chain environmental-attribute retirement through a function it calls burnToRetireAttributes.

"For over two decades, Buffalo Biodiesel has converted commercial waste into industrial commodities and clean energy," said Frank V. Balon, Esq., President and Chief Legal Officer. "We developed BBD Token in-house strictly as a consumptive utility instrument, enabling transparent commercial settlement across refined UCO, Buffalo Biogas Booster, green chemicals, RNG, and green electricity, plus verifiable on-chain environmental-attribute retirement (burnToRetireAttributes)."

The company said BBD is not a stablecoin, is not redeemable for cash, and confers no ownership, voting or dividend rights. It is not marketed for speculative profit, according to the release. Buffalo Biodiesel said its founder and engineering team have more than eight patents pending and over a dozen in the pipeline for products including novel materials from waste tires, steel slag and waste wood.

## Buffalo Biodiesel's Funding and Leadership Records

According to akta.pro [company records](https://akta.pro/company-data), Buffalo Biodiesel closed a $300 million private equity round in October 2025 led by Verite Capital Partners, a growth partnership aimed at expanding operations across 25 eastern US states and into Canada. The same records list a June 2026 leadership change that installed Balon as President and Chief Legal Officer, Peter Grisanti as CFO, Ryan Haggerty as Chief State Litigator and General Counsel, and Jeremiah Lenihan as Chief Federal Litigator, to support the $300 million growth initiative. The records also show the company submitted its Part 360 permit application to the New York State Department of Environmental Conservation in February 2026, after more than $2 million in Tonawanda facility upgrades.

## Tennessee Expansion and Tonawanda Permit

In September 2026, Buffalo Biodiesel announced the launch of used cooking oil collection operations in Tennessee, following receipt of a New York State DEC Part 360 permit to support the expansion, 24-7 Press Release reported. Earlier that month, the company urged its 30,000 restaurant customers to guard against used cooking oil theft, which it said cost $300-500 million in 2025, citing recent arrests and a guilty plea for stealing 45,000 pounds of oil, according to PR Newswire. In June 2026, Buffalo Biodiesel appointed former Erie County prosecutor Ryan Haggerty as Chief State Litigator and General Counsel, EIN Presswire reported, noting his more than 14 years of trial experience and 23 convictions.

The company directs readers to its BBD Token page for details on the launch.

## Companies in this story

- [Buffalo Biodiesel company profile](https://akta.pro/company-profiles/000ix3l/buffalo-biodiesel) · website: https://www.buffalobiodiesel.com

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