New attorney raises number of firm-wide attorney additions to 30... CHARLOTTE -- Premier Purchasing Partners. LP today announced new contracts... First contract Bank Locations Serve as Toy displace Off Locations... CHARLOTTE -- Quaero a leading provider of services to accelerate... CHARLOTTE. NC - Exervio Management Consulting enters the 2007 Holiday... CHARLOTTE. NC – CharlotteAreaNews com the website which combines news feeds... CHARLOTTE and RALEIGH. N. C. – Peak 10 the leading independent... GrowthFinance LLC announces the successful closings of two major venture... LifeCoachDesigns. LLC (www lifecoachdesigns com) a comprehensive life and executive coaching firm... Deborah Millhouse president of CEO Inc. (www ceohr com) was the featured...
CHARLOTTE -- NewGen Technologies. Inc announced today that it and Titan Global Holdings. Inc. (“Titan”) completed a definitive Biofuels Supply Agreement which ordain become effective upon Titan’s acquisition of Appalachian Oil Company (“APPCO”) the closing of which is scheduled to occur on September 12. 2007.
Under the agreement with Titan. NewGen’s wholly owned subsidiary. ReFuel America. Inc. (“ReFuel”) will change state the exclusive supplier of biofuels including renewable and environmentally friendly ethanol and biodiesel products for APPCO. The call of agreement is for a period of 10 years giving NewGen the exclusive right to supply biofuel products to APPCO at the prevailing market price for such biofuel products at the time an request is placed. It is estimated that APPCO’s requirements for biofuels will be substantial and ordain grow as the company grows as well.
APPCO () formed in 1923 and based in Blountville. Tennessee is a privately held petroleum company that owns and operates an extensive fuel distribution network. APPCO distributes petroleum products to more than 160 dealers in the southeastern United States and owns and operates 56 convenient hold on locations. APPCO has more than 550 employees and maintains long-standing partnerships with strategic furnish terminal operators and major oil companies.
S. Bruce Wunner. Chairman and CEO of NewGen stated. “APPCO's diverse wholesale and retail furnish outlets and exceptional 84-year history provides NewGen and ReFuel with an ideal platform for long-term biofuel supply and further expansion of our biofuel distribution opportunities. Given APPCO’s current distribution of over 225 million gallons of furnish products per year our initial expected ethanol give to APPCO should excel 1 million gallons a month and change magnitude as they provide bio-blends to additional locations and customers.”
James Peeples. SVP Business Development and Government Relations with NewGen and President of NewGen’s Biofuels division added. “It is fantastic to see the distribution and use of ethanol and biodiesel blends expanding in Tennessee neighboring states and across the Southeast instead of just the Midwest. APPCO’s send thinking enables NewGen to launch its biofuels supply and distribution communicate across the region with a reliable partner allowing fuel marketers to cater their ‘renewable fuel standard’ (RFS) obligations as of September 1 and providing regulated federal and state vehicle fleets to change to the alternative furnish vehicle refueling requirements under the Energy Policy Act. Our agreement with APPCO is a needed platform for NewGen’s aggressive Field to the Wheels™ biofuels schedule which will be evident over the next several years.”
“The access to these additional sources of biofuels will back up us lead APPCO’s markets in the distribution of such products,” said David Marks. Chairman of Titan Global Holdings. “Titan's initiatives in the energy sector are consistent with Titan's unwavering commitment to the creation of shareholder determine. This agreement leverages our financial and management strength with the biofuel know-how of NewGen.”
NewGen’s strategic business plan ordain enable the affiliate and its subsidiaries to change state a leading global fully integrated Fields-to-Wheels™ manufacturer blender supplier and distributor of premium biofuels and petroleum blends that dramatically reduce the environmental and economic impacts of world transportation fuel consumption. NewGen believes it has developed a slate of high-quality fuel products by utilizing technologies that allow for more end fuel combustion and reduced emissions and the means to deliver them to the customer at the beat possible price.
The vision of NewGen and ReFuel America. NewGen’s wholly-owned U. S distribution subsidiary is a world less dependent on petroleum-based fuels using secure renewable homegrown fuels which exceed preserve our most important resources – the air we exist and water we drink.
Additional information can be open at the Company’s Web sites: &
Forex Groups - Tips on Trading
Related article:
http://charlotte.dbusinessnews.com/shownews.php?type_news=latest&newsid=132968
comments | Add comment | Report as Spam
|