New Generation Biofuels, Inc. holds an exclusive license for North America, Central America and the Caribbean to commercialize proprietary technology to manufacture alternative biofuels from plant oils and animal fats. The company then markets these products as a new class of biofuels for power generation, commercial and industrial heating, etc.

The company today announced that it has signed a letter of intent with Ace Biofuels of San Juan, Puerto Rico. Under this letter of intent, Ace Biofuels would license product formulations, manufacturing technology and know-how from New Generation with the intent of constructing a biofuel manufacturing facility and marketing the company’s fuel in Puerto Rico. Ace Biofuels will pay New Generation Biofuels a licensing fee per gallon of biofuel produced and sold.

Edgardo Fabregas Rios, president of Ace Biofuels, is pleased with the deal. He said, “The whole of Puerto Rico is in the process of exploring a number of alternative and

Pure Biofuels Corp., a company dedicated to becoming a leader in Latin America’s burgeoning biofuels industry, announced today that it has finished the construction of an underwater pipe that will become part of Peru’s largest integrated bulk liquid terminal operation.

In addition to transporting and storing raw materials, and blending and exporting finished product from its own biodiesel facilities, the company anticipates making its tank farm available to third parties, which will allow Pure Biofuels to diversify its revenue stream with a high-margin revenue source,. Other plans include marketing its spare storage space to third parties such as refiners, distributors, marketers and industrial/commercial end-users of petroleum chemical products.

Pure Biofuels’ Chairman Chris Tewell stated, “Pure Biofuels now owns and will soon operate Peru’s largest integrated terminaling operation. Our tank farms greatly complement our primary production facility, which includes a biodiesel production plant and a blending facility. We plan to commence our terminaling