Kreido Biofuels, Inc. (OTCBB:KRBF), a renewable energy company, announced today that Certified Technical Services, a leading general contractor and fabrication specialist, has completed the framework construction and has begun assembling the major components of Kreido Biofuels’ modular plant. By building the plant modularly in Texas and then shipping to the operating site, Kreido Biofuels will be able to start biodiesel production faster than if it were to build on site.
On schedule to be shipped to Wilmington, North Carolina at the end of 2007, the modular plant will be Kreido Biofuels’ first full-scale commercial biodiesel plant. This inaugural plant is targeted to begin biodiesel production in the first quarter of 2008 and is expected to have an annual capacity of 33 million gallons per year.
Ben Binninger, Chief Executive Officer, Kreido Biofuels, said, "Our modular plant design is one of the major differentiating elements of our business strategy. As Certified builds, we simultaneously construct our spinning tube in tube, or STT, Systems at our new and expanded California facility. We believe this approach will allow us to most efficiently accelerate the development and deployment of our biodiesel plants worldwide. Simultaneously building STT Systems and modules while moving forward on site development advances the company’s goal of having biodiesel production capacity of 100 million gallons per year by the end of 2008.”
About Certified Technical Services, L.P.
Certified Technical Services, L.P. is a leading industrial general contractor with state-of-the-art manufacturing facilities in Pasadena, Texas, where Certified fabricates process components for plants and engineered packaged systems for field installation. For more information about Certified Technical Services, visit www.certifiedway.com.
About Kreido Biofuels
Kreido Biofuels, Inc. has invested $20 million to provide the world renewable energy through its proprietary process intensification technology - the STT® system. The Company is currently developing biodiesel plants in the U.S. that will have an anticipated aggregate nameplate capacity of 100 million gallons per year. Kreido’s plants are built around its STT® 30G biodiesel production unit, a complete pipe-to-pipe biodiesel production system that significantly improves the efficiency, quality, and process control of biodiesel production. Committed to building a sustainable future, Kreido Biofuels’ plants have a smaller footprint and offer feedstock flexibility. The Company plans to license its biodiesel technology internationally and to third-party biodiesel producers in the U.S. Kreido Biofuels is based in Camarillo, California. STT is a registered USPTO trademark of Kreido Biofuels, all rights reserved. For more information about Kreido Biofuels, visit www.kreido.com.
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