Bio-fuel production plant

From WikiCover

On August 16, 2007, H2Diesel Holdings announced that it has placed into service its first bio-fuel production plant, a three million gallon per year pilot facility, jointly developed with Twin Rivers Technologies.

The plant, co-located at Twin Rivers' facility in Cincinnati, Ohio, represents H2Diesel's next step in commercializing its new technology for the manufacture of high-quality bio-fuel from a wide variety of vegetable oils and animal fats. Major equipment for the facility has been provided under lease by Sonic Corporation of Stratford, Connecticut.

The facility will be used initially to manufacture fuel for H2Diesel's application testing program, and then later for early commercial sales until a full-scale production plant is completed. As previously announced, H2Diesel signed a Letter of Intent with Twin Rivers to negotiate definitive agreements covering the siting, construction, operation and management of a proposed 25 million gallon per year production facility. Under current plans, H2Diesel expects to locate this plant at Twin Rivers' existing facility in Quincy, Massachusetts in 2008.

In May 2007, H2Diesel announced that its proprietary bio-fuel will be used in a test burn at Dynegy, Inc.'s subsidiary, Dynegy Oakland LLC., in the near future. Dynegy and the Company have agreed to negotiate with respect to a mutually agreeable purchase agreement for H2Diesel's bio-fuel in the event testing is successful.