Bioenergy

NewGen To Supply Titan and APPCO with Biofuels

NewGen Technologies and Titan Global Holdings, Inc. completed a definitive Biofuels Supply Agreement that will become effective upon Titan’s acquisition of Appalachian Oil Company (APPCO), scheduled for this week.

The 10-year agreement specifies that NewGen’s wholly owned subsidiary, ReFuel America, Inc., will become the exclusive supplier of biofuels including renewable and environmentally friendly ethanol and biodiesel products for APPCO.

It is estimated that APPCO’s requirements for biofuels will be substantial.

James Peeples, SVP Business Development and Government Relations, NewGen and President of NewGen’s Biofuels division said, “it is fantastic to see the distribution and use of ethanol and biodiesel blends expanding in Tennessee, neighboring states, and across the Southeast.”