Gm JT nice RVBF news this morning:Raven Biofuels Forges Strategic Alliance With Biomass Feedstock Experts at Price BIOstock
Monday September 15, 7:00 am ET
PARAMUS, NJ--(MARKET WIRE)--Sep 15, 2008 -- Raven Biofuels International Corporation (OTC BB:RVBF.OB - News) ("Raven" or the "Company") is pleased to announce a strategic alliance with Price BIOstock Services, a division of Arkansas-headquartered The Price Companies, Inc. ("Price Companies") (www.thepricecompanies.com), with the stated intent towards the development of definitive agreements on a project by project basis.
With over 40 years of operating history and $450,000,000 in fixed assets the Price Companies is one of the largest and most experienced wood processing companies in the U.S. offering 19 facilities nationwide under contract for many of the most respected manufacturing companies in America -- including International Paper, Rayonier, Weyerhaeuser, New Page, and Georgia Pacific.
Through their many association memberships and industry-wide relationships, Price recognized that the future of biofuels production will significantly exploit cellulosic biomass and has subsequently developed customized solutions for a broad range of dry biomass feedstock including wood, paper, municipal solid waste (MSW), tires, C&D (construction and demolition waste), and agricultural waste. Currently, Price operates 19 Bio-Mass (Wood Pulp Chip) state-of-the-art facilities that produce 14.6 million tons of pulp chips and 2.5 million tons of hog fuel annually. The BIOstock division offers an expanded set of services for managing biomass feedstock materials including consulting, procurement, systems design/engineering, and facilities management.
Johns Sams, Raven's President and Chief Operating Officer, commented, "The Price Companies are a long established and well managed organization. With the establishment of their BIOstock division they can provide innovative solutions specifically tailored to the needs of biofuels companies like Raven. Feedstock procurement and management is critical to efficiently operating our proposed refineries. Additionally, I feel that Price brings a lot to the table beyond their core offering and could ultimately accelerate Raven's growth strategy"
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