Able Energy (ABLE) Announces Joint Venture with BioEnergy of America
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Able Energy (Nasdaq: ABLE) announced that it has executed a Joint Venture Agreement with BioEnergy of America, Inc., a privately held Delaware corporation, for the purpose of producing and distributing Biodiesel at plants to be constructed at truck stop plazas, home heating depots and terminals used to house petroleum products for distribution or resale.
This joint venture will operate through USA Biodiesel LLC, a New Jersey limited liability company in which the Company and BEA will each have a 50% membership interest.
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