Archive for the ‘Pure Biofuels Corp. PBOF’ Category

Pure Biofuels Corp. (PBOF.OB) Prepares to Launch Peru’s Largest Integrated Terminal Operation

Monday, July 7th, 2008

Pure Biofuels Corp., a company dedicated to becoming a leader in Latin America’s burgeoning biofuels industry, announced today that it has finished the construction of an underwater pipe that will become part of Peru’s largest integrated bulk liquid terminal operation.

In addition to transporting and storing raw materials, and blending and exporting finished product from its own biodiesel facilities, the company anticipates making its tank farm available to third parties, which will allow Pure Biofuels to diversify its revenue stream with a high-margin revenue source,. Other plans include marketing its spare storage space to third parties such as refiners, distributors, marketers and industrial/commercial end-users of petroleum chemical products.

Pure Biofuels’ Chairman Chris Tewell stated, “Pure Biofuels now owns and will soon operate Peru’s largest integrated terminaling operation. Our tank farms greatly complement our primary production facility, which includes a biodiesel production plant and a blending facility. We plan to commence our terminaling operations in the third quarter in conjunction with the ramp up of our flagship Callao Port refinery, subject to pending test results of the facility.”

The Callao Port facility is able to receive Panamax vessels of up to 60,000MT of bulk liquid cargo, and also contains the two longest underwater pipes in Peru. The pipelines run to Pure Biofuel’s tank farm for the reception and delivery of raw materials. The pipelines are also used to access other fuels for blending, as well as for terminal services. The infrastructure extends across nearly 12 acres of land close to the Port of Callao, known as the largest port on the Pacific Coast of South America.

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Pure Biofuels Corp. (PBOF.OB) Completes Acquisition of InterPacific Oil S.A.C.’s Biodiesel Operation

Friday, February 1st, 2008

Pure Biofuels Corp., a leader in the biofuel industry in South America, recently announced the acquisition of InterPacific Oil S.A.C.’s biodiesel production operation, Peru’s largest and longest-operating biodiesel processor. Pure Biofuels’s growth strategy focuses on acquisitions in order to expand the company’s current biodiesel production capacity to 10 million gallons per year.

Biodiesel is a clean, renewable energy source derived from vegetable oil and is 100 percent compatible with existing diesel vehicles and infrastructure. Biodiesel significantly reduces harmful exhaust emissions, and the United Nations expects biofuels to account for a full 25% of world energy needs by 2025.

The company’s Callao Port biodiesel refinery near Lima, Peru is scheduled to commence production during the first quarter of 2008. Additionally, preliminary production tests at the newly acquired facility began in January 2008 and Pure Biofuels is expected to begin operating at the end of February.

The combined output of these two facilities will exceed 60 million gallons per year, positioning Pure Biofuels as one of South America’s largest producers of biodiesel.

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PURE Biofuels Corp. (PBOF.OB) is “One to Watch”

Thursday, January 31st, 2008

PURE Biofuels Corp., a development-stage company engaged in the production, processing and distribution of biodiesel, is poised to become a leader in Latin America’s emerging biofuels industry. PURE’s flagship project near Lima, Peru – the Callao Port refinery – is complete and will begin production in the first quarter of 2008. Together, the Callao Port and the recently acquired Interpacific Oil facility (12/5/07) will provide a combined biofuel capacity of 62.5 MMgy (million gallons per year) to the marketplace.

PURE Biofuels, founded in 2006, has secured written assurances (MOUs) from local fuel distributors for the full Callao Port annual production capacity, and supply arrangements for all its anticipated production. PURE Biofuels also intends to produce all the necessary feedstock to operate the facility at maximum capacity. To this end, PURE will be using palm oil, which does not impact food supplies and delivers 35 times more fuel per acre than corn. Its environmental platform also includes the sale of carbon credits for its Callao Port facility through EcoSecurities Group PLC. EcoSecurities will help PURE Biofuels secure a Clean Development Mechanism (CDM), as approved by the advisory board of the European Trading Scheme, and buy all the Certified Emission Reduction (CER) credits resulting from the Callao Port operations until 2012. CER credits are those traded between Kyoto-participating countries and non-participating countries.

Operating within the parameters of renewable energy, PURE Biofuels focuses on growth areas where it can find attractive investment opportunities to enhance shareholder value. These areas encompass developing clean fuels (primarily ethanol and biodiesel), promoting and advancing clean-fuel technologies, and the cultivation, harvesting and processing of oil plant feedstock in low-cost growing locations. PURE Biofuel’s management believes its South American focus will be both strategically valuable and a key ingredient to building its enterprise into a more global presence.

In the last 20 years, renewable energy investing has been hampered by high capital costs, unpredictable regulatory proceedings, technological challenges, and price fluctuations. However, in the past 3 years, an increasing demand for biofuels, coupled with lower production costs and improved technology, have created a financial climate in which investments in renewable energy represent solidity in the commodities marketplace.

PURE’s environmental policy is backed by sustainability. Its employees receive complete family health programs, have an excellent working environment, and recognize opportunities to advance and develop professionally. Its incentive program benefits both employees and shareholders by creating individuals who are vested in the growth and success of the organization.

Energy companies are driven by global commodity prices. Given this premise, PURE has identified three critical elements that must be leveraged in order to maintain profitability. The first is competitive advantage, and PURE plans to build additional factories as funding permits. The second is supply, and PURE intends to own and develop palm-oil plantations to avoid the fluctuations of international commodity pricing. The third is distribution, and it is PURE’s assessment that today’s infrastructure will be immediately adequate, allowing planned financing of future upgrades.

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Pure Biofuels Corp. (PBOF.OB) Inks Agreement to Acquire 14,000 Additional Hectares for Palm Oil Cultivation in Peru

Thursday, January 31st, 2008


Pure Biofuels Corp. recently announced they have signed an agreement with Immobiliaria Alpha SAC to purchase 15,000 Hectares of land. In the agreement Pure will acquire 100% of the shares of Immobilaria and transfer 1,000 hectares of land back to the seller after the acquisition is completed, which is currently scheduled for the end of March. The 14,000 hectares to be acquired by Pure is currently empty and deforested and has already undergone improvements including roads, infrastructure and electricity. Closing of the land acquisition is subject to customary closing conditions.

Since 2006, Pure Biofuels Corp. has been proven to be a leader in South America’s rapidly emerging biofuels industry. Their center of operations, the Callao port biodiesel refinery, is expected to be able to process up to 150,000 gallons of biodiesel per day. The refinery is scheduled to be up and running at full capacity by the end of February 2008.

The company currently owns and operates 60,000 hectares of land in Peru, and expects the new 14,000 hectare plantation will provide up to 40% of the necessary feedstock to reach full capacity for those facilities. The company has additional plans for more land acquisitions to satisfy its remaining and future growth needs. Seeds for the new African palms have been ordered and nurseries will be set up within the next 90 days. The first returns from this new property should be expected within the next 24 to 36 months.

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