Consolidated Biofuels (CE) (USOTC:CSBF)
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From Jun 2019 to Jun 2024
Yesterday, in cooperation and agreement with International Bio Fuels
Corp., Consolidated Biofuels, Inc., a Chicago-based alternative fuels
company (Pink Sheets:CSBF), announced through its CEO, Daniel L.
Honeycutt, that on November 28, 2006, IBF, on behalf of the IBF/CSBF
joint venture partnership, contracted with Chicot County, Arkansas to
build and operate a unique combination biodiesel production and soybean
oil crush facility located at the Port of Yellow Bend in Arkansas.
The planned production facility, when fully operational in 2008, will
have a designed capacity of 150 million gallons of biodiesel and 70
million bushels of soybean oil crush annually. The facility will be
located on 65 acres of optioned acreage immediately within the Port of
Yellow Bend’s facilities. The Port of Yellow
Bend is strategically located on the Mississippi River, in the heart of
the Soybean Belt in the Mississippi Valley Corridor, just east of
McGehee, Arkansas.
The proposed project’s low-risk and unique
funding methodology will initially utilize an Act 9 Public Bond issuance
in the amount of $78 million dollars that was approved to be facilitated
within a blended public/private funding arrangement. The initial and any
subsequent bond issuances will be processed and overseen by an already-
retained regional professional financial services management group
headquartered in Little Rock.
The project’s well-situated feedstock sourcing
entity is confident that the current and future agricultural and animal
feedlot production within the 100 mile radius around Yellow Bend will be
sufficient to supply the project’s crush oil
requirement and also to regionally utilize all of the crush mill’s
meal production for use as a premium animal feed source.
Honeycutt also stated that, “I am more than
impressed by the leadership and strong vision demonstrated by the public
and private sectors in Chicot County and at the State Capitol. Both
Consolidated and IBF are looking forward to becoming fully engaged as
good corporate citizens of Arkansas and Chicot County.”
Mr. Marty Johnson, President of International Biofuels (www.ibfco.com)
stated, “This facility represents many months
of very intense work and planning to build what will become, when it is
fully operational, the largest combination feedstock and biodiesel
production facility of its kind in the world.”
About Consolidated Biofuels, Inc.: Consolidated Biofuels, Inc. is
a development-stage, alternative fuels company that has aligned its
business strategies, research, consulting, alternative fuels solutions
and environmental strategies with the needs of the commercial
transportation industry, including trucking, railway, barge and tanker
shipping modalities.
For further information visit our website: http://www.CBioIntl.com
For financial statements and past press releases visit: www.pinksheets.com
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.