Nova Energy Launches Biodiesel Fuel Company

Nova Energy Launches Biodiesel Fuel Company
RenewableEnergyAccess.com - Peterborough,NH,USA
launched a new biodiesel fuel company to design, engineer and construct wholly owned biodiesel refineries in the US, and address the production and marketing ...

April 5, 2006
Houston, Texas [RenewableEnergyAccess.com] Nova Energy Holding, Inc. launched a new biodiesel fuel company to design, engineer and construct wholly owned biodiesel refineries in the U.S., and address the production and marketing of biodiesel fuel and glycerin. With two full-scale production facilities currently under construction, the combined production capacity is more than 30 million gallons per year. Nova has $20 million under contract for the completion of these two facilities.

Nova Energy intends to produce biodiesel fuel by using its proprietary, patented process technology to produce high quality biodiesel from animal fats as well as vegetable plant oils. Uniquely, Nova can use multiple, low-cost feedstocks in any combination to produce high quality biodiesel. Biodiesel can be used on a 100 percent basis, or can be blended with between 2 and 20 percent petroleum diesel.

"We are pleased to launch Nova Energy as it addresses three important needs in the U.S. -- reducing environmental pollutants, reducing the nation's dependency on imported crude oil, and meeting the fast-growing demand for biodiesel fuel to power the nation's trucking, rail and marine fleets," said Ken Hern, Chairman and Chief Executive Officer for Nova.

"Biodiesel can reduce emissions without compromising diesel engine performance, expand the nation's fuel reserves and enable the company to fulfill its commitment to reduce U.S. energy dependency on outside sources. Nova's unique and proprietary system gives us a decided cost advantage over our competitors and we will use this advantage to significantly grow our business in the future," Hern added.

Nova Energy Holding, Inc., formerly known as Nova Oil, Inc., synthesizes and distributes renewable fuel products. Nova's initial focus will be to construct and operate several biodiesel refineries with production capacity of more than 300 million gallons of fuel on an annual basis.

Within three years Nova intends to construct seven biodiesel refineries ranging from 20 to 50 million gallons per year. All seven refineries will utilize Nova's proprietary, patented process technology, which enables the use of a broader range of lower cost feedstocks.