New Generation Biofuels (fka NGBF)

[balamidas]

NGBF HUGE DD (updated)>> quick post Summary (must read)



-NGBF website Upgraded launched Recently >>>>



http://newgenerationbiofuels.com/index.php


-NGBF CEO is a former ExxonMobil/Mobil executive


http://newgenerationbiofuels.com/management-team.php


-NGBF use to trade on NASDAQ last year




http://ih.advfn.com/p.php?pid=nmona&article=45610150



-With Baltimore Phase II approval & Financing NGBF could run
like PEIX, BIOF. the stock started to move accordingly. NGBF was on NASDAQ and traded at $11/sh in 2007



-NGBF traded as high as 0.028 last week on heavy unusual volume
on anticipation of BIG NEWS




http://finance.yahoo.com/q/pr?s=NGBF.PK


http://newgenerationbiofuels.com/index.php


PENDING NEWS on NGBF>>>


Mayor Rawlings-Blake Announces Agreement to Begin Final Testing of Vegetable-Based Biofuels in City Facilities

Today, Mayor Stephanie Rawlings-Blake announced that the Department of General Services (DGS) will begin Phase II testing to evaluate the long-term use of renewable biofuels in City boilers. In an agreement approved with New Generation Biofuels (NGB) by the Board of Estimates today, the City will begin burn tests using New Generation Biofuels at three city facilities: Back River Wastewater Treatment Plant, Eastern Health Center, and the Pimlico Fire and Police Training Facility. Biofuels are a clean-burning vegetable-based alternative that can be used to replace the number-2 heating oil that is now being used.

“Today, Baltimore took a great step towards becoming a more energy efficient and sustainable city,” said Mayor Rawlings-Blake. “I am grateful for the efforts of General Services Director Ted Atwood and his team for preparing our facilities for the next phase of testing.”

The Department of General Services, under the leadership of newly-appointed Director Atwood, continues to work toward the use of clean energy and the reduction of energy use in city-owned buildings. DGS has already reduced energy use by 6.55% since the base year of 2006 and is on-target to see a reduction of over 30% by 2020. These savings have been achieved through energy initiatives such as the use of LED traffic lights and the installation of a power plant at the Back River Wastewater Treatment Plant.

In early November, DGS began a project that will produce an over 20% annual reduction in energy usage in city Fire Department facilities and stations through energy performance contracting. Other upcoming energy savings being planned for the City include the installation of solar panels at the Convention Center in Baltimore and new LED lights in neighborhoods and in City-owned parking garages.

The Department of General Services worked with the Baltimore City Public School System, which will also take part in the testing of biofuels. The School System is working directly with NGB and will conduct testing at two schools: Franklin Square Elementary and Woodhome Elementary.

Biofuel from NGB, produced in Baltimore, has already demonstrated huge reductions in pollutants during Phase I testing. These tests revealed an emission reduction capacity of 40-60% for nitrogen oxide and a reduction of over 90% of sulfur oxide. Continued success in this final stage of testing will mean a go-ahead for the City to begin the use of the cleaner burning vegetable-based biofuel technology in city buildings.

This newly signed one-year agreement with NGB will use a maximum of 440,000 gallons of biofuel at a cost not to exceed $1.32 million. The benefits include not only cleaner air, but reduced energy cost over the current price of heating oil.
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Visit our Website @ www.baltimorecity.gov


http://www.baltimorecity.gov/OfficeoftheMayor/NewsPressReleases/tabid/66/ID/773/Mayor_Rawlings-Blake_Announces_Agreement_to_Begin_Final_Testing_of_Vegetable-Based_Biofuels_in_City_Facilities.aspx

an IDEA of what is coming >>>>multiple contracts for BALTIMORE is multi million $in revenues

New Generation Biofuels converts Baltimore city buildings to clean energy

New Generation Biofuels has landed a one-year, $1.3-million contract to heat three Baltimore City buildings. Successful completion of the biofuels trial – in two phases – could propel the fledgling Columbia-based company into a much larger venture: a city-wide plan to heat public buildings with clean energy.

During the first phase, New Generation Biofuels heated the Pimlico Fire and Police Training Facility and Eastern Health Center for six months. During the second phase, New Generation Biofuels will continue to heat the two facilities as well as the Back River Wastewater Treatment Plant to determine the biofuel’s performance over the course of a full year.

New Generation Biofuels

“We have to make sure we can demonstrate to the marketplace that although we can do these test burns that our fuel operates efficiently over a longer period of time. That’s one of the reasons this long-term test burn with the city is so critical to us,” said Bryan McPhee, a spokesman for New Generation Biofuels. “That becomes our calling card. That is going to give us the information that we need to provide to others in the industry. We’re a fairly new technology but we will be able to show the results we are able to achieve in the long term. As we develop that deck of information, then we will grow our customer base.”

New Generation Biofuels’ product, which is made from new and recycled plant oils and animal fats, is revenue-neutral for consumers, McPhee said. The company, he explained, sets its price to be competitive with ultra-low sulfur diesel, a product that Baltimore City had already begun using in some facilities.

Less than five years old, New Generation Biofuels currently employs 12 people and can produce up to 5 million gallons of biofuel annually at its plant in South Baltimore. The company has also partnered with the Baltimore City Public School System to run biofuel trials at two schools: Franklin Square Elementary and Woodhome Elementary.

City officials, McPhee said, may consider converting public buildings throughout the jurisdiction to biofuels if the upcoming, year-long trial at Pimlico, Back River and Eastern Health succeeds.

http://www.mdcleanenergy.org/news_and_events/archive/thecurrent-january2011#9

Yes, the "Year-long"(Phase l & ll) trial has been going on "behind the scenes" and the RESULTS! should be PR'ed sometime SOON!