NEWS out!!Raven Biofuels Accelerates Mississippi Cellulosic Ethanol Biorefinery Project by Signing Agreement With Larson Engineering
Wednesday November 19, 8:00 am ET
PARAMUS, NJ--(MARKET WIRE)--Nov 19, 2008 -- Raven Biofuels International Corporation (OTC BB:RVBF.OB - News) ("Raven" or the "Company") is pleased to announce that it has entered into an agreement with Larson Engineering ("Larson") to begin engineering for Raven's proposed Mississippi biorefinery. Larson has been involved with 50+ ethanol and biofuels facilities throughout the U.S.
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As previously announced, the planned 33 million gallon per year biorefinery on a 35-acre site offers regional benefits such as favorably lower feedstock and labor costs combined with strong State incentives such as The Gulf Opportunity Zone (GO Zone). In association with the GO Zone initiatives, the project plan also includes an adjacent cogeneration facility to be developed in cooperation with local utilities. The Gulf Opportunity Zone Act was passed into law on Dec 21, 2005 as an initiative to rebuilding the region devastated by multiple hurricanes (Wilma, Rita and Katrina) in 2005.
Along with Raven's management, Larson will be responsible for conducting site development, geotechnical, permitting and detailed process design work leading to groundbreaking and commercial operation. Larson will serve as Raven's owner engineer for the duration of the project performing equipment specification, detailed engineering, material procurement and construction management.
John Sams, Raven's President & COO, said, "Raven looks forward to moving the recently announced Mississippi project forward through the selection of Larson Engineering as our Owner's Engineer. Larson's experience in the ethanol industry, as well as pulp & paper industry provides an accelerated path for deploying our cellulosic ethanol biorefinery technology in the southern United States. This is a strategic location based on the facility's proximity to the gulf coast's oil & gas industry and will provide the seed for the profitable growth of Raven."
Lee A. Granquist, P.E., President of Larson Engineering, said, "Larson is well positioned to assist Raven in the launch of its cellulosic ethanol biorefinery technology. Larson's Atlanta office has many years of experience throughout the southern United States and our depth of knowledge in the ethanol market technologies will provide for a cost-effective and efficient roll out of Raven's technology."
Further specifics outlining the agreements between both parties will be made upon completion of negotiations, full details of which will be made publicly available at that time as part of the Company's regulatory disclosure filings with the Securities and Exchange Commission ("SEC").
About Larson Engineering (www.larsonengr.com)
Larson's expertise in process industry engineering is wide-reaching and includes work on chemical, oil, gas, pulp and paper, steel and metal processing projects. Their goal is to make processes more efficient, by enhancing product quality and increasing productivity. Larson's has broad experience and knowledge, which includes complete design of ethanol and biofuel plants, steam and power generation systems, bulk material and wood handling systems, and extensive pulp and paper mill process design know-how. For more information visit: www.larsonengr.com.
About Raven Biofuels International Corporation (OTC BB:RVBF.OB - News
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