COLUMBIA, Md., Jan. 19 /PRNewswire-FirstCall/ -- Renewable fuels provider New Generation Biofuels Holdings, Inc. (Nasdaq: NGBF), today announced that it successfully burned its biofuel at Washington College of Chestertown, MD. The purpose of the burn was to provide first hand data and practical information to Washington College about a biofuel that would help the College meet its commitment to reducing its carbon footprint.
The results of the evaluation, which was run in a 250HP Cleaver-Brooks fire-tube boiler, showed excellent light-off and stability traits, and an overall reduction in NOx (Nitrogen Oxide) of 51% and Zero CO (Carbon Monoxide) as compared to #2 heating oil. NGBF biofuel is also inherently free of sulfur.
"We are delighted to be working with Washington College," said New Generation Biofuels President & CEO Cary Claiborne. "Washington College has a desire to move towards cleaner fuels and reduce their overall carbon footprint and we can help them do that. Our biofuel has demonstrated significant overall greenhouse gas (GHG) emission reductions as well as local air pollution reductions, including nitrogen oxide (NOx) and sulfur dioxide (SO2) compared to distillate fuel oil. In addition, our biofuel can be used as a 100 percent fuel switch with little modification to a customer's equipment."
Representatives from Tri Gas & Oil (NGBF's biofuel marketer in Maryland) were also on hand to observe the burn. Tri Gas supplies propane, diesel fuel, oil and gasoline in the Mid-Atlantic area and would serve as the distributor of the biofuel for the College.
Briggs Cunningham, Climate Action Coordinator for the Center for Environment & Society at Washington College, stated that "the College is constantly looking for new and innovative ways to reduce our carbon footprint while not increasing our energy costs, and are enthused by the results of the biofuel test."
Washington College signed onto the American College & University Presidents Climate Commitment in 2007, and this commitment reflects the increasing momentum of the College's environmental initiatives, spearheaded by its Center for Environment & Society. Located in the historic Custom House along the Chester River, the Center supports interdisciplinary research and education, exemplary stewardship of natural and cultural resources, and the integration of ecological and social values. Ecologically minded students are active in the Student Environmental Alliance, and the College is gaining renown both regionally and nationally for its "George Goes Green" environmental-sustainability campaign.
About New Generation Biofuels Holdings, Inc.
New Generation Biofuels is a renewable fuels provider. New Generation Biofuels 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.
About Washington College
Washington College is a private, independent liberal arts college located on a 112-acre campus in Chestertown, Maryland, on the Eastern Shore. Maryland granted Washington College its charter in 1782. George Washington supported the founding of the college by consenting to have the "College at Chester" named in his honor, through generous financial support, and through service on the College's Board of Visitors and Governors. Washington College is the tenth oldest college in the United States and was the first college chartered after American independence.
Forward Looking Statements
This news release contains forward-looking statements. These forward-looking statements concern our operations, prospects, plans, economic performance and financial condition and are based largely on our current 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 include all the risks attendant an emerging growth development stage business in the volatile energy industry, including, without limitation, the risks set forth under the caption "Risk Factors" in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2008, and in subsequent filings with the Securities and Exchange Commission.
SOURCE New Generation Biofuels Holdings, Inc.