COLUMBIA, Md., June 24 /PRNewswire-FirstCall/ -- Renewable
fuels provider New Generation Biofuels Holdings, Inc. (Nasdaq:
NGBF) ("NGBF" or the "Company") today announced that the
Baltimore City Board of School
Commissioners has approved a long term boiler test and evaluation
of the Company's proprietary biofuel in two of Baltimore City's public schools over a one
year period. The maximum volume for the program is capped at
1,000,000 gallons, but can be increased up to 2,000,000 gallons if
both parties agree.
The new agreement, part of Baltimore's program to evaluate renewable
fuels for schools and other buildings, comes on the heels of
earlier successful tests of New Generation Biofuels' second
generation biofuel which showed both a reduction in nitrogen oxide
(NOx) and sulfur oxide (SOx) when compared to both fossil diesel as
well as biodiesel. Tests at Eastern Health Center's Columbia boiler with a Sun-Ray burner saw a
reduction in NOx of over 40% and a SOx reduction of over 90%. Tests
at Pimlico Police Training Center's HB Smith cast iron boiler with
a Power-Flame burner saw a NOx reduction of over 60%.
"We are happy to support Baltimore
City Public Schools in their goal of creating a clean and
healthy environment through the reduction in NOx and SOx
emissions," said New Generation Biofuels President and Chief
Executive Officer, Cary Claiborne.
"Our initial results are encouraging and we are confident that the
longer trial and evaluation will prove to be equally
successful."
Baltimore City Public Schools
Chief Operating Officer Keith
Scroggins stated that, "It is very important for us to find
renewable fuel sources that are cleaner burning and meet our
standards. New Generation Biofuels' initial test results are
very promising. We look forward to seeing the fuel's
performance over the longer term boiler test and evaluation in our
City's schools."
New Generation Biofuels' biofuel is a precision blended product
made from new or recycled plant oils or animal fats. The Company's
biofuel is readily usable at 100% strength as a replacement for
diesel, #2 heating oil, kerosene and other fuel oils and does not
require material equipment modifications. Other benefits include
significantly lower emissions than traditional fuels, reductions in
overall greenhouse gas emissions and air pollution.
About The City of
Baltimore
The Baltimore City Department of Public Works Energy Office is
implementing energy efficiency and renewable energy projects at
City facilities to reduce energy costs and carbon emissions and to
improve air quality. Already in place are energy efficiency
measures for buildings, installation of LED lights, and utilization
of methane gas from renewable sources. Future projects will include
expansion of energy efficiency applications from buildings to water
and waste water operations; reduction in use of fossil fuels; and
increasing solar and other renewable energy applications.
Through reduced purchases of electric power, steam, natural
gas, chilled water and reduced maintenance costs the city realizes
a savings of $5 million per year.
About New Generation Biofuels, Holdings, Inc.
New Generation Biofuels develops renewable fuels technology and
is a renewable fuels provider. New Generation Biofuels also holds
an exclusive license for North
America, Central America
and the Caribbean to commercialize
proprietary technology to manufacture alternative biofuels from
plant oils and animal fats that it markets as a new class of
biofuel for power generation, commercial and industrial heating and
marine use. The Company believes that its proprietary biofuel can
provide a lower cost, renewable alternative energy source with
significantly lower emissions than traditional fuels. New
Generation Biofuels' business model calls for establishing direct
sales from manufacturing plants that it may purchase or build and
sublicensing its technology to qualified licensees.
Forward Looking Statements
This news release contains forward-looking statements. These
forward-looking statements concern the Company's operations,
prospects, plans, economic performance and financial condition and
are based largely on the Company's beliefs and expectations. These
statements involve known and unknown risks, uncertainties and other
factors that may cause actual results to be materially different
from any future results expressed or implied by such
forward-looking statements. The risks and uncertainties related to
our business, which include all the risks attendant an emerging
growth company in the volatile energy industry, including those set
forth in the Company's Annual Report on Form 10-K for the year
ended December 31, 2009, and in
subsequent filings with the Securities and Exchange Commission.
These forward-looking statements are made as of the date of this
news release, and the Company assumes no obligation to update the
forward-looking statements or to update the reasons why the actual
results could differ from those projected in the forward-looking
statements.
Media Contact: Bryan McPhee ph: (410)
652-1159
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IR Contact: Rob Schatz ph: (212) 370-4500
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Or
bkmcphee@newgenerationbiofuels.com
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Rob@wolfeaxelrod.com
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SOURCE New Generation Biofuels Holdings, Inc.