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Article: NewGen Technologies Announces Biodiesel Manufacturing Joint Venture with Advanced Biotechnology, Inc.
- Article from:
- Business Wire
- Article date:
- September 19, 2005
CopyrightCOPYRIGHT 2005 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CHARLOTTE, N.C. -- NewGen Technologies, Inc. (OTCBB: NWGN) today announced that its wholly-owned US subsidiary, ReFuel America Inc., has signed an agreement with Advanced Biotechnology, Inc. to form a joint venture to build and operate biodiesel plants in the Southeast - with the first facility to be based in Sandersville, Georgia. The new company will be named Advanced Biotechnologies, LLC and managed by Gordon Harper, CEO of Advanced Biotechnology, Inc.
S. Bruce Wunner, NewGen's chairman and CEO, stated, "This joint venture serves as the initial step in our plans to manufacture, process, and distribute biofuels in the U.S. that can substantially increase a ...