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Article: Pure Biofuels Enters Into Agreement With EcoSecurities Group PLC to Sell Carbon Credits.
- Article from:
- Business Wire
- Article date:
- September 26, 2006
CopyrightCOPYRIGHT 2006 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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LIMA, Peru -- Pure Biofuels Corp. (OTCBB:PBOF) ("Pure Biofuels" or the "Company") today announced that it has entered into an agreement (the "Agreement") with EcoSecurities Group PLC ("EcoSecurities") to sell carbon credits that will be by its proposed biodiesel refinery near Callao Port in Lima, Peru.
Biodiesel is an environmentally friendly alternative to regular petroleum diesel, which produces high levels of greenhouse gases which contribute to global warming. Biodiesel reduces carbon monoxide emissions by up to 50% and reduces particulates that contribute to respiratory infections by up to 30%. The Kyoto Protocol established a framework to reward clean ...