New Generations Biofuel signs MOU with First Florida Biofuels to pursue biofuel projects using its proprietary blending technology.
Lakemary, Florida
A memorandum of understanding has been signed between New Generations Biofuel Holdings and First Florida Biofuels for the development of potential biofuel projects in Florida
Under the agreement, New Generation will provide technology and know-how and First Fuel Biofuels will provide marketing expertise and arrange financing for the projects.
New Generation Biofuels uses its proprietary blending technology which produces Biofuel by a process of combining water, additives and vegetable oil, animal fats or other feed stocks. The company has a license for North America, Central America and the Caribbean to commercialize proprietary technology to manufacture alternative biofuels.
First Florida Biofuels Chairman 'Jack Tymann' said that New Generation Biofuel's product was the best value proposition available in the market today.
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