Friday, November 10, 2006 1:49:48 PM
AFI’s Methanol Nova Biosource Fuels, Inc. announced that the Illinois EPA issued an
air construction permit to its project subsidiary to allow for the construction
and temporary operation of a biodiesel refinery in Seneca, Illinois for a one
year period. Upon completion of applicable project financing, Nova intends
to build a 60 million gallon per year biodiesel refinery on the site that will
incorporate its proprietary, patented process technology. The air construction
permit requires Nova to conduct and submit performance testing after
startup to demonstrate compliance with applicable emissions limits and to
submit semi- annual reports to the Illinois EPA. Nova intends to apply for a
permanent operating permit upon completion of the performance testing.
"By obtaining this permit in a timely manner, we have crossed another
milestone with respect to the construction of our Seneca refinery,"
said Kenneth Hern, Nova's Chairman and Chief Executive Officer. "The Illinois
EPA was exceptionally professional and thorough, and we applaud their dedication to expediting biofuels
permit applications to help bring the State of Illinois one step closer to reducing its dependence on foreign
sources of energy."
Nova Biosource Fuels, Inc. is an energy company in the business of synthesizing and distributing
renewable fuel products and related co-products. Nova's initial focus will be to construct and operate two
to four biodiesel refineries with production capacity of between 120 to 240 million gallons of biodiesel fuel
on an annual basis. Nova's business strategy for the next three years includes the construction of up to
seven biodiesel refineries with production capacities ranging from 20 to 60 million gallons per year. All of
Nova's refineries will use its proprietary, patented process technology, which enables the use of a broader
range of lower cost feedstocks. More information on Nova can be found at http://www.novabiosource.com.
Nova recently changed its name from Nova Oil, Inc. and previously used the trade name Nova Energy
Holding, Inc. Its ticker symbol on the OTC Bulletin Board System was recently changed from NVAO to NVBF.
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