International Oil & Gas Holdings Corporation Proprietary System Produces Alternative Fuels That Outperform Petroleum Equivalents Thursday May 31, 9:00 am ET
DALLAS--(BUSINESS WIRE)--International Oil & Gas Holdings Corporation (Pink Sheets: IOGH - News), today announced that the Company's proprietary technology produces alternative fuels that outperform petroleum equivalents because of the improvement in the manner in which the fuels are burned. This improvement is a result of the changes the proprietary process makes in the chemistry of the final products.
The bio-diesel additive in a 5% mix with petroleum-based diesel fuel improves the fuel burn to the extent that it substantially reduces traditional diesel emissions, and can increase mileage as much as 10%. It will also restore lubricity to the new lower sulfur diesel fuels available in today's market.
Keith McAllister, Chairman and CEO of International Oil & Gas Holdings Corporation, stated, "President Bush has made Green Energy a national priority, and our proprietary technology is not dependent on commodity prices. Our technology does not utilize corn or soybeans, but waste animal fat and toxic by-products found in animal slaughter houses. The production process helps to eliminate a huge waste disposal problem."
"The Company's business plan calls for the construction of 5 production facilities located near feedstock suppliers throughout the United States," further added Mr. McAllister.
About International Oil & Gas Holdings Corporation
International Oil & Gas Holdings Corporation owns subsidiaries that are engaged in a number of diverse business activities. The capture and delivery of petroleum and natural gas is most important to our bottom line. Insurance, real estate and a Security Protection Company are also among International Oil and Gas wholly owned subsidiaries and partners. IOGH is always looking for opportunities to further diversify our business activities.
Statements about the Company's future expectations, including future revenues and earnings, and all other statements in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as the term is defined in the Private Litigation Reform Act of 1995. The Company's actual results could differ materially from expected results. The Company undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances. Should events occur which materially affect any comments made within this press release, the Company will appropriately inform the public.
News 
Market Data 
Discover 
AI
