 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
New Generation Biofuels Signs LOI With Costa Rica
Lake Mary FL (SPX) Jun 26, 2009 Renewable fuels provider New Generation Biofuels Holdings has announced that it has signed a Letter of Intent with Instituto Costarricense de Electricidad (ICE), an Autonomous Institution of the Government of Costa Rica. Under the terms of the letter of intent, ICE will evaluate NGBF's biofuels, leading ultimately to the potential licensing of NGBF technology and to the construction of its own biofuel production plants employing NGBF's process in Costa Rica for use in its electric generation plants. It is also the intent of the parties that the process outlined in this letter shall be completed within a period no longer than three months. "We look forward to working with ICE to explore this opportunity to provide Costa Rica with an environmentally sound fuel, based on locally produced feedstock, which should mitigate the need to use Costa Rica's foreign exchange earnings to purchase imported fuel oil," said New Generation Biofuels' Chief Executive Officer, Cary Claiborne. "In addition to the expected revenue contribution for New Generation Biofuels, the successful implementation of the ICE project using our technology will provide us with an additional platform to market our biofuel technology in the U.S. and abroad." NGBF proposes to supply ICE, initially, with biofuel produced in its production facility located in Baltimore, Maryland, for the testing program. An additional evaluation will be conducted to assess the availability within Costa Rica of palm oil, Jatropha, or animal fats suitable for use as feedstock to produce biofuel. Share This Article With Planet Earth
Related Links Instituto Costarricense de Electricidad (ICE) Bio Fuel Technology and Application News
Plant making gas from wood opens in AustriaGuessing, Austria (AFP) June 24, 2009 A new plant that produces gas from wood was opened in Austria on Wednesday, paving the way towards new possibilities in renewable energy. According to its backers, the gas produced at the plant can be used in urban heating systems, for gas-powered cars or by power stations that work on gas. "We still need fossil fuel of course, but this plant shows what is technically possible," Austria' ... read more |
|
|
| The content herein, unless otherwise known to be public domain, are Copyright 1995-2009 - SpaceDaily. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement |
del.icio.us
Digg
Reddit
YahooMyWeb
Google
Facebook