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Article: New Generation Biofuels Signs Letter Of Intent With Puerto Rico-based Ace Biofuels.
- Article from:
- PR Newswire
- Article date:
- October 12, 2009
CopyrightCOPYRIGHT 2009 PR Newswire Association LLC. 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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Company to License its Biofuels Technology
COLUMBIA, Md., Oct. 12 /PRNewswire-FirstCall/ -- Renewable fuels provider New Generation Biofuels Holdings, Inc. ("NGBF" or the "Company") today announced that it has signed a Letter Of Intent (LOI) with Ace Biofuels of San Juan, Puerto Rico. Under this LOI, Ace Biofuels would license product formulations, manufacturing technology and know-how from NGBF with the intent of constructing a biofuel manufacturing facility and marketing NGBF biofuel in Puerto Rico.
Under the terms of the LOI, Ace Biofuels will produce and market NGBF's Biofuel to the manufacturing sector in Puerto Rico, which has annual market ...