Consolidated Biofuels (CE) (USOTC:CSBF)
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From Jun 2019 to Jun 2024
Consolidated Biofuels, Inc. (Pink OTC: CSBF), a clean-tech energy and
alternative fuels company, today announced that the first funds due
under its production payment agreement with Pure Petroleum have been
received by the Company and are now available for general use within its
operations. The agreement itself calls for incrementally increasing
monthly payments over the next 12 monthly periods and beyond up to a
cumulative total of one million dollars ($1MM) with options to increase
the amount and extend the periods under modified terms.
Daniel Honeycutt, CEO, stated that: “Our
current agreement with Pure is the first of several others on the table
in the Wyoming energy sector that, when initiated, will allow
Consolidated to fully participate in the acquisition of additional
in-ground energy assets that will establish the cash flows and
asset-based financial footings absolutely necessary for us to
competently approach and realize true alternative fuels and energy
projects that are well beyond the scope of the now-unfeasible food-based
feedstock project types of the recent past.”
Mr. Greg Karl, President of Pure Petroleum, LLC stated, “We
anticipate that Consolidated, with its administrative, business
development, negotiation and funding skills, will be alongside as Pure
further expands its oil and gas operations and industry presence in the
Powder River Basin of Wyoming. We also anticipate being on board when
the time comes for Consolidated to fully establish itself in its
operations within the coal-to-fuels industry in Wyoming.”
About Consolidated Biofuels, Inc.:
Consolidated is a development-stage clean energy company. Through
strategic partnerships, Consolidated will acquire thermal-potential
feedstocks such as coal assets and municipal solid waste contracts, in
conjunction with efficient clean process technologies. Consolidated’s
vision is to become the premier integrator of clean technologies as
applied to trash-to-energy, coal-to-liquids, solar, geothermal, carbon
sequestration and synthetic fuels. The Company will be positioned across
the energy spectrum to realize maximum value for our shareholders
through diversification and energy asset acquisitions.
For further information, visit our website: http://www.CBioIntl.com
(New website is currently under construction.)
About Pure Petroleum, LLC:
3165 East Millrock Drive, Suite 475, Salt Lake City, UT 84121
Toll-free: (877) 943-PURE
Visit Pure's website at www.purepetroleum.net
This press release contains some forward-looking statements.
Forward-looking statements involve estimates, projections goals
forecasts, assumptions, risk and uncertainties that could cause actual
results or outcomes to differ materially from those expressed in the
forward-looking statements, and are current as of the date on which such
statements are made. We undertake no obligation to publicly update any
forward-looking statement, whether as a result of new information,
future events, or otherwise. Forward-looking statements in this document
should be evaluated together with the many uncertainties that affect our
business.