New Generation Biofuels Awards Contract to Design Its First Full Production Biofuel Plant
August 13 2008 - 11:23AM
Business Wire
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.
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