New Generation Biofuels Holdings, Inc. (AMEX: GNB) to Build BioFuel Manufacturing Facility
New Generation Biofuels Holdings' ("NGB") diesel fuel oil alternative is on the brink of reaching commercialization. NGB announced on Monday that it had signed a site lease on the proposed location of its first full-scale biofuel production plant. This critical step is the culmination of more than two years' work on the development and testing phases of the company's environmentally-friendly, enhanced-performance renewable biofuel. NGB has enlisted the help of Chicago development firm ECE Design to design the facility, and noted that development efforts would commence on the site "within the next few weeks". The 25 million-gallon-per-year plant will be located…