Kreido Biofuels Retains Ben Binninger As Chief Executive Officer

Camarillo, Calif., December 12, 2007 – The Board of Directors of Kreido Biofuels, Inc. (OTC BB: KRBF), a renewable energy company, announced today that it has named interim Chief Executive Officer and Board member G.A. Ben Binninger to the post of Chief Executive Officer. Mr. Binninger was appointed interim CEO in July 2007 and has served on the Board of the company and its predecessor, Kreido Laboratories, since 2004.

Betsy Wood Knapp, Kreido’s Chair of the Board, stated, “During the course of Ben’s involvement with Kreido, he has provided an extraordinary range of experience in the fuels and chemicals industries. His familiarity with Kreido’s technology, business and staff has enabled him to be immediately effective in carrying out the company's mission. In the last five months, it became clear that Ben’s background and expertise make him uniquely qualified to continue to lead the company.”

Chief Executive Officer Ben Binninger, said, “I strongly believe in the company and its future. For this reason I have committed to serve as Kreido’s Chief Executive and dedicate myself to the goal of creating a profitable, growing leader in biofuels. Since mid-summer when I accepted the interim CEO position, we have achieved the following noteworthy accomplishments:

• Met ASTM standards for conversion in the STT® system with animal fats, in addition to soy, palm, canola, jatropha and castor oils, tested earlier.
• Expanded our Camarillo facilities to manufacture reactors for at least four plants annually from a single shift operation.
• Manufactured and are assembling the four reactors required for our Wilmington plant.
• Ran the Foothill pilot plant and produced biodiesel that significantly exceeded the conversions necessary to meet industry specifications based on pork fat.
• Substantially completed the first modular plant, which is being readied for shipment to Wilmington.
• Laid the ground work for rapid execution of licensing for commercial plants and international facilities following the start up of the Wilmington plant.”

Previously, Mr. Binninger served as a director and advisor to Kreido Laboratories, the predecessor company. He has hands-on experience leading technologically sophisticated global process and service businesses up to $1 billion with Atlantic Richfield Company (ARCO), Rio Tinto Borax, Exxon and Hercules. Mr. Binninger has a B.E. degree in Chemical Engineering from Manhattan College and a M.B.A. from Harvard University.

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.

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are based on management's good faith views and expectations when made. Forward-looking statements are inherently subject to known and unknown risks and uncertainties which, in the case of the company, include raising adequate capital to continue operations, technology and product development uncertainties, competition, cost and availability of feedstock, and plant development and manufacturing scale up. Actual results may differ, perhaps materially, from those discussed in the forward-looking statements. The Company is not obligated to update its forward-looking statements or comment on those differences. Readers are encouraged to refer to the Company's Annual Report on Form 10-KSB, and 10KSB/A and other recent public filings to further ascertain the risks associated with the forward-looking statements. Readers are urged not to place undue reliance upon such statements.

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