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Foothills Bio-Energies Integrates Kreido Biofuels’ STT
Technology to Increase Plant Biodiesel Output
Camarillo, California – April 23,
2007 – Kreido Biofuels, Inc. (OTC BB: KRBF) and Foothills Bio-Energies,
a North Carolina-based biodiesel manufacturing company, have announced
today that they have entered into an agreement to incorporate Kreido’s
STT® Biodiesel Processing Unit (BPU) into Foothill’s plant.
Implementation of the STT® continuous process intensification system
will add 1MMgpy capacity to Foothills’ present biodiesel production
of 1MMpgy and planned capacity of 5MMgpy. The site will provide Kreido
a facility to train personnel in system operations for three commercial
scale plants scheduled to become operational by the end of 2008, as well
as refine operating procedures and demonstrate the STT®’s ability
to process various feedstocks. The Foothills plant is expected to be
in production this summer.
“This pilot plant allows us to collect objective results and processing
data that we can use to expand the promotion, commercialization and licensing
of Kreido’s STT® technology,” states Phil Lichtenberger,
Kreido Biofuels’ Senior Vice President. “By giving other
biofuel producers the opportunity to view the seamless integration of
our technology into an existing site, we set the stage to market Kreido’s
process intensification capabilities.”
During the one year agreement, Kreido will receive a nominal quarterly
lease payment for the BPU and have open access for Kreido personnel,
business and financial partners, and potential licensees to observe its
operation. In addition to establishing its own BPUs, Kreido plans to
license its technology to national and international biofuel manufacturers
with nameplate capacity in excess of 10MMgpy.
“We look forward to incorporating Kreido’s STT® technology into
our expansion efforts,” states Randy Dellinger, Foothills Bio-Energies’ General
Manager. “By employing this sustainable technology we will increase
our current production and significantly increase our planned capacity,
allowing us to provide our customers with a dependable, environmentally
conscious fuel alternative. The STT® system is exciting technology
and we anticipate working closely with Kreido Biofuels.”
About the Company
Kreido Biofuels is providing the world renewable energy through its proprietary
process intensification technology - the STT® system. The Company’s
manufacturing methods significantly improve the efficiency, quality,
and process control of biodiesel production. To build a sustainable
future, our goal is to provide the industry cutting edge technology
that improves the manufacturing of biofuels. The Company’s senior
management and Board have more than 50 years experience in the energy
sector including designing, constructing, operating and managing petroleum
refining, natural gas distribution, and chemical processing facilities.
Kreido Biofuels also has established collaborations with university
and government laboratories, including the U.S. Environmental Protection
Agency (US EPA), in order to gain a leading position in the development
of advanced chemical processes. 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.
About Foothills Bio-Energies
Foothills Bio-Energies’ was formed in February 2006 to pursue renewable,
sustainable energy sources and to create economic development around these sources
in smaller, economically challenged communities. The first project has been the
renovation of an out of service chemical plant to produce ASTM D6751 specification
biodiesel, a clean burning renewable fuel with many additional benefits over
its petroleum counterpart. Production began in September of 2006. The biodiesel
refinery is based upon a regional energy model, using feedstocks from the region
in which it is located and providing finished fuel back into the same region.
# # #
Public Relations Contact:
Denica Gordon
DGPR, LLC
Office: (323) 253-9337
Email: dgprconsulting@aol.com
Investor Relations Contact:
John Mills or Ina McGuinness
Integrated Corporate Relations
Office: 310 -954 -1100
Email: Ina@icrinc.com, jmills@icrinc.com
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