New Generation Biofuels (NGBF) Signs Sales Contract with Catoctin Mountain Growers to Supply up to 370,000 gallons of Renewable Biofuel
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New Generation Biofuels Holdings (Nasdaq: NGBF) announced that it is has signed a sales contract with Catoctin Mountain Growers of Keymar, Maryland to supply up to 370,00 gallons of renewable biofuel annually.
"We are delighted to be supplying a proactive and environmentally aware company like Catoctin Mountain Growers with our biofuel, which provides a lower carbon footprint and is 100 percent renewable," said Cary Claiborne, chief executive officer and chief financial officer of New Generation Biofuels. "In a test completed on one of Catoctin's Cleaver-Brooks boilers, our biofuel demonstrated air pollution reductions of more than 45% in nitrogen oxides (NOx) and the virtual elimination of sulfur dioxide (SO2) when compared to low-sulfur fuel oil. In addition, the renewable biofuel burned successfully with only minor tuning to the customer's equipment. Steps like these, when replicated across the country, will help lower the net emission of greenhouse gases in the United States," Claiborne added.
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