Kreido Biofuels Set to Advance Biodiesel

Kreido Laboratories completed a reverse merger with publicly held company Gemwood Productions, Inc. To operate under the name Kreido Biofuels, Inc., the new company will pursue Kreido Laboratories’ renewable energy and process intensification business.

Kreido Biofuels, which just completed a $25 million private placement, will develop, own, and manage biodiesel plants, market biodiesel, and license its advanced process intensification technology. Through the application of its patented STT reactor system, the company can switch rapidly between alternative vegetable oil feedstocks within a cost-effective minimal-footprint plant. Kreido has invested over $20 million developing its patented STT reactor system. Its technology can rapidly scale a number of chemical processing recipes, including unique formulas for soy, canola, and palm biodiesel, from “pounds per day” to “tons per day” of continuous production. Kreido Biodiesel is currently developing three biodiesel production facilities located in the midwest and southeast with a combined production capacity exceeding 100 million gallons of biodiesel per year. The company expects the first plant to be operational in 2007 and the balance of the plants in 2008.
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