Biodiesel Facility Pre-Engineering Completed

[] Chemical Consortium Holdings, a holding company for alternative fuel manufacturing assets, announced that Lurgi PSI has completed the pre-engineering for the NorthWest Bio-fuels biodiesel project in SW Washington state. This production plant will be configured to produce 100,000 tons or 30 million gallons of ASTM specification biodiesel annually. Construction estimates for the biodiesel facility are in the range of $32 million, tentatively scheduled to begin mid-March 2006. NorthWest Bio-fuels has begun the process of negotiating the engineering, procurement and construction (EPC) contract with Lurgi PSI. Following EPC negotiation, banking and permitting will start, followed by actual construction, which is estimated to take nine months to initial startup, 12 months to completion and 13 months to hand over to NorthWest Bio-fuels for operation.

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