Archive for the ‘New Generation Biofuel Holdings Inc. GNB’ Category

New Generation Biofuels Holdings, Inc. (AMEX: GNB) to Build BioFuel Manufacturing Facility

Tuesday, September 16th, 2008

New Generation Biofuels Holdings’ (“NGB”) diesel fuel oil alternative is on the brink of reaching commercialization. NGB announced on Monday that it had signed a site lease on the proposed location of its first full-scale biofuel production plant. This critical step is the culmination of more than two years’ work on the development and testing phases of the company’s environmentally-friendly, enhanced-performance renewable biofuel.

NGB has enlisted the help of Chicago development firm ECE Design to design the facility, and noted that development efforts would commence on the site “within the next few weeks”. The 25 million-gallon-per-year plant will be located at the port of Baltimore, Maryland, where NGB has signed a terminaling service agreement with Atlantic Terminaling for shipping and logistical support. At full capacity, the facility is expected to produce up to 50 million gallons of biofuel a year, and is slated for completion during the first quarter of 2009.

“We are excited to take another step forward in developing our first commercial-scale manufacturing plant in Baltimore,” commented NGB president, David Gillespie. “The location at the Atlantic Terminaling site well positions us to take advantage of the projected growth in renewable energy demand throughout the eastern US.”

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RedChip Featured Company: New Generation Biofuel Holdings, Inc. (GNB)

Monday, August 25th, 2008

New Generation Biofuel Holdings, Inc. (GNB) is a company focused on developing advanced renewable technology with the hope to provide clients with quality biofuel options. The company currently is utilizing a proprietary process to develop second-generation biofuels that can be used in place of diesel or distillation fuel oils.

New Generation has developed a blended biofuel product that can be manufactured from a number of new or recycled feedstocks including palm oil, soybean oil, canola oil, Jatropha oil, yellow grease, recycled vegetable oils or animal fats. The ability to manufacture the biofuel from different base materials provides flexibility when there are food issues, sustainability problems, or fluctuations in feedstock prices. The New Generation biofuels are manufactured through a simple emulsification process at a lower cost than the transesterification process used for first-generation biofuels.

New Generation currently has a pilot plant located outside Cincinnati, Ohio that has a three million gallon per year capacity. The biofuels are produced virtually sulfur-free and with very little nitrogen oxide or carbon emissions. Not only does the plant have a low environmental impact, the actual footprint for a New Generation manufacturing plant is dramatically smaller than a traditional biodiesel refinery. A 5,000 square foot plant has the ability to produce up to 25 million gallons of biofuel per year.

The use of New Generation biofuels can also contribute to reducing global climate changes. The emulsion process does not produce any by-products, while the storage tanks are not susceptible to microbiological growth as seen in traditional biofuel refineries. The biofuels themselves burn cleaner due to the lower emissions of nitrogen oxide (NOx), carbon dioxide (CO2), and other hazardous particulate emissions, as well as the elimination of sulphur dioxide (SO2). Finally, the biofuels have a higher level of lubricity, which extends engine life, are biodegradable and are non-toxic.

New Generation Biofuels holds an exclusive license for North America, Central America, and the Caribbean for the manufacture of its biofuel products. Current applications for the biofuels include power generation fuel in combustion turbines and power boilers, heating oil, marine engines, and transportation vehicles. It looks like New Generation has a fuel product that might meet the needs of those looking to go green when they’re on the move.

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New Generation Biofuels Holdings, Inc. (AMEX:GNB) to become part of Russell Microcap Index

Tuesday, June 24th, 2008

New Generation Biofuels, an alternative fuel manufacturer specializing in creating fuel from animal fat and vegetable oil, offers NGB Biofuel alongside diesel and distillate fuels. Examples of uses would be power generation fuel to replace #2 oil and kerosene in combustion turbines, or #2 or #6 fuel oil in existing power boilers. Other applications include heating oil, marine engines, transport, and general industrial applications.

New Generation Biofuels are more environmentally beneficial, increasing engine life with more lubricity, and increasing productivity and efficiency with no byproducts or waste. Finally, biofuels lower emissions of sulfur dioxide, nitrogen oxide, and carbon dioxide.

Russell microcap Index announced today that New Generation Biofuels will be one of the 3000 stocks included in the annual recalibration of the Russell Microcap Index on Friday June 27, 2008. This is significant for New Generation, in that it will give the company more public and investor awareness.

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