Thursday, May 7, 2009

New Generation Biofuels Holdings, Inc. (NGBF) Signs Agreement with City of Baltimore

New Generation Biofuels Holdings, Inc. announced today that it has entered into a contract with the City of Baltimore, Maryland to provide its renewable biofuel in an evaluation program for boiler applications. According to the company, this is the first time the City has evaluated a non fossil fuel in its industrial boilers.

It is anticipated that the outcome of the evaluation will further validate New Generation Biofuels’ product as a renewable biofuel which uniquely offers NOx and SO2 reductions as compared to traditional distillate products. The evaluation may also provide a platform for the City of Baltimore to expand its RFP definitions to include alternative technology biofuels such as New Generation Biofuels in future tender submissions.

“We are enthusiastic to be working with the City of Baltimore on this evaluation program,” stated New Generation Biofuels’ Chief Executive Officer, Cary Claiborne. “The City of Baltimore understands the importance of a sustainable biofuel to reduce overall greenhouse gas emissions and the importance of using a clean, efficient fuel.” Mr. Claiborne continued, “In addition, our biofuel can be used as a 100 percent fuel switch with minimal modification to a customer’s equipment.”

Department of Public Works (DPW) Energy Advisor Ted Atwood commented, “The Energy Office is constantly looking for new and innovative ways to reduce and save on energy costs in sustainable ways that will benefit our City now and into the future. To that end, I am eager to start the evaluation phase.”

About QualityStocks:

QualityStocks’ Small Cap Stock Newsletter is a free service that collects data from hundreds of Small-Cap online Investment Newsletters into one free Daily Newsletter Report.

Sign up for “The QualityStocks Daily Newsletter” please visit www.QualityStocks.net

The Quality Stocks Daily Stock Report http://video.qualitystocks.net

The Quality Stocks Daily Blog http://blog.qualitystocks.net

The Quality Stocks “Ones to Watch” http://Gotstocks.QualityStocks.net

Please see disclaimer on QualityStocks website: http://disclaimer.qualitystocks.net

No comments: