New Generation To Develop First Commercial Scale Biofuel Plant

Renewable fuels provider, New Generation Biofuels Holdings Inc. announced the signing of a site lease and a terminaling services agreement to locate their first commercial scale biofuel manufacturing plant at the port location of Atlantic Terminaling in Baltimore, Maryland.

Based on current projections of sales and timing to complete financing, New Generation Biofuels (NGB) expects to complete construction of the first 25 million-gallon-per-year facility in the first quarter of 2009 and to launch production shortly thereafter. NGB’s biofuel is a blended product that the company said can be made from a number of new or recycled vegetable oil or animal fat feedstocks and can be used as a replacement for diesel fuel, #2 heating oil, kerosene and other fuel oils.

Once completed, NGB expects the facility to have a production capacity of up to 50 million gallons of biofuel per year, which will serve potential customers in Maryland and the mid Atlantic region. Site development work will begin in the coming weeks. Chicago-based firm ECE Design will design the plant.

“We are excited to take another step forward in developing our first commercial-scale manufacturing plant in Baltimore,” said David Gillespie, president and CEO of New Generation Biofuels. “The location at the Atlantic Terminaling site well positions us to take advantage of the projected growth in renewable energy demand throughout the eastern U.S.”