NewGen and PowerSHIFT Build for Biodiesel Production

[RenewableEnergyAccess.com] NewGen Technologies’ wholly owned subsidiary, ReFuel America, formed a joint venture with PowerSHIFT Energy Company to build biodiesel plants and power generation facilities in the U.S. Dan Leach, CEO of PowerSHIFT Energy, will be the CEO of the new joint venture. PowerSHIFT Biofuels has identified opportunities in California, Hawaii, and Iowa to provide biodiesel and complete green energy solutions for utilities, industry and transportation. The first of these projects could potentially be operational by the fourth quarter of 2006, and all identified plants combined would produce in excess of 140 million gallons of biodiesel. Additional sites currently being explored are in the Midwest and Rocky Mountain states.

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