New Gen Biofuels (AMEX:GNB)
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From Jun 2019 to Jun 2024
New Generation Biofuels Holdings, Inc. (AMEX:GNB), a provider of
renewable fuels, is pleased to announce it has awarded
Chicago-based ECE Design, a design contract to develop the design for
its first full production biofuel manufacturing plant, with expected
capacity of 25 million gallons of second-generation biofuel a year.
“ECE is pleased to be associated with New
Generation Biofuels and their revolutionary technology for producing
biofuels. We are currently working quickly, with detailed construction
design plans expected in the third quarter,”
said Bill Vassey, President of ECE Design.
New Generation Biofuels CEO & President, David Gillespie said, “We
are excited to have ECE Design on board. They are very familiar with
alternative fuel manufacturing design and understand our need to produce
a quality biofuel.
“Our renewable biofuel has demonstrated
significant overall greenhouse gas (GHG) emission reductions and lessens
our dependence on foreign oil. In addition, our fuel can be used as a
100% fuel switch with little or no modification to a customer’s
equipment. As a growing company, it is vital we increase the production
of our renewable fuel to meet anticipated customer demands for the
product.”
About ECE Design
ECE Design is a mechanical, electrical and software systems integration
company which provides turn-key design-build services. In addition, ECE
develops and resells software for plant design, construction and ongoing
operations. Located in Chicago, ECE provides system integration services
and software solutions for various industries and markets including:
Alternative Fuels, Energy, Chemical, Petrol, Food, Beverage,
Pharmaceutical and Biotechnology.
About New Generation Biofuels Holdings, Inc.
New Generation Biofuels is a renewable fuels provider. We hold an
exclusive license for North America, Central America and the Caribbean
to commercialize proprietary technology to manufacture alternative
biofuels from vegetable oils and animal fats that we market as a new
class of biofuel for power generation, heavy equipment, marine use and
as a commercial heating fuel. We believe our proprietary biofuel can
provide a lower cost, renewable alternative energy source with
significantly lower emissions than traditional fuels. Our business model
calls for establishing direct sales from manufacturing plants that we
may purchase or build and sublicensing our technology to qualified
licensees.
Forward-Looking Statements
This news release contains forward-looking statements. These
forward-looking statements concern our operations, prospects, plans,
economic performance and financial condition and are based largely on
our current beliefs and expectations. These statements involve known and
unknown risks, uncertainties and other factors that may cause actual
results to be materially different from any future results expressed or
implied by such forward-looking statements. The risks and uncertainties
related to our business include all the risks attendant a development
stage business in the volatile energy industry, including, without
limitation, the risks set forth under the caption "Risk Factors" in our
Annual Report on Form 10-K for the fiscal year ended December 31, 2007.