LAKE MARY, Fla., March 26 /PRNewswire-FirstCall/ -- Renewable fuels provider New Generation Biofuels Holdings, Inc. (Nasdaq: NGBF), today announced that it is has signed a sales contract with Catoctin Mountain Growers, Inc. ("Catoctin") of Keymar, Maryland to supply up to 370,00 gallons of renewable biofuel annually.
"We are delighted to be supplying a proactive and environmentally aware company like Catoctin Mountain Growers with our biofuel, which provides a lower carbon footprint and is 100 percent renewable," said Cary Claiborne, chief executive officer and chief financial officer of New Generation Biofuels. "In a test completed on one of Catoctin's Cleaver-Brooks boilers, our biofuel demonstrated air pollution reductions of more than 45% in nitrogen oxides (NOx) and the virtual elimination of sulfur dioxide (SO2) when compared to low-sulfur fuel oil. In addition, the renewable biofuel burned successfully with only minor tuning to the customer's equipment. Steps like these, when replicated across the country, will help lower the net emission of greenhouse gases in the United States," Claiborne added.
"As a company we are always looking for ways to reduce our cost," said Bob Van Wingerden, president of Catoctin Mountain Growers. "When New Generation Biofuels responded to an e-mail query with a biofuel at a reduced cost per Btu we were interested. After doing the test burn and seeing the positive difference in emissions, we were sold. Being able to reduce cost while leaving a smaller carbon footprint is an opportunity we could not pass up," Van Wingerden concluded.
About New Generation Biofuels Holdings, Inc.
New Generation Biofuels is a development-stage renewable fuels provider. New Generation Biofuels holds an exclusive license for North America, Central America and the
|SOURCE New Generation Biofuels Holdings, Inc.|
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