Earth Biofuels LNG Subsidiary Announces Contract Renewal
DALLAS, Nov 16, 2007 (BUSINESS WIRE) -- Earth Biofuels, Inc. (OTCBB:EBOF) today announced that its subsidiary, Applied LNG Technologies ("ALT") has renewed a three year liquefied natural gas supply agreement with the City of Redlands (California).
The City of Redlands utilizes liquefied natural gas ("LNG") as transportation fuel for its municipal fleet vehicles, and has built an LNG and compressed natural gas ("CNG") refueling station for public use within its city limits.
"This renewal exemplifies our recent successes in growing our profitable LNG business, especially in the California markets," stated Earth Biofuels CEO, Dennis McLaughlin. "We are now in the process of expanding our product availability to make LNG available in major cities outside of California."
LNG meets California's strict emission standards and is now more readily available for use by commercial vehicles, heavy-duty trucks, utility companies, fleets, light-duty trucks and consumer CNG vehicles. Vehicles fueled by the transportation grade LNG produce approximately one-sixth of the nitrous oxides (NOx) and up to 15 percent less greenhouse gases than comparable petroleum diesel fueled vehicles.
"We are pleased to be able to offer the public access to clean, domestically produced LNG and CNG in a convenient location and ALT has been a great partner in this effort," said Gary Van Dorst, Solid Waste Manager for City of Redlands.
Through California's South Coast Air District and Air Quality Management grants, the City of Redlands will operate 20 of its 32 municipal vehicles on LNG/CNG fuels by its fiscal year end.
"This is a win-win agreement because it allows ALT to provide LNG on a long term basis and gives the City of Redlands piece of mind knowing that they have stability regarding their LNG supply," said Kevin Markey, Vice President, ALT, Inc.
ALT LNG produces and markets liquefied natural gas (LNG). The Company is focused on meeting the growing demand for alternative fuels in the domestic market. The Company's Web site is www.altlngusa.com.
Earth Biofuels produces and distributes biodiesel fuel through wholesale and retail outlets. The fuel is sold under Willie Nelson's brand name, "BioWillie(R)." Earth Biofuels also produces and markets liquefied natural gas (LNG) through its subsidiary, ALT LNG. The Company is focused on meeting the growing demand for alternative and renewable fuels in the domestic market. The Company's Web site is www.earthbiofuels.com. |
