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

New Generation Biofuels Holdings, Inc. announced today that it has entered into a contract with the City of Baltimore, Maryland to provide its renewable biofuel in an evaluation program for boiler applications. According to the company, this is the first time the City has evaluated a non fossil fuel in its industrial boilers.

It is anticipated that the outcome of the evaluation will further validate New Generation Biofuels’ product as a renewable biofuel which uniquely offers NOx and SO2 reductions as compared to traditional distillate products. The evaluation may also provide a platform for the City of Baltimore to expand its RFP definitions to include alternative technology biofuels such as New Generation Biofuels in future tender submissions.

“We are enthusiastic to be working with the City of Baltimore on this evaluation program,” stated New Generation Biofuels’ Chief Executive Officer, Cary Claiborne. “The City of Baltimore understands the importance of a sustainable