Company Profile:
New Energy Fuels, Inc. engages in the production, distribution, and sale of renewable fuels, with a focus on biodiesel fuel, in the United States. It produces pure biodiesel fuel (B100) through the utilization of vegetable oils, such as soy and canola oil as raw material. The company distributes pure biodiesel fuel (B100), through wholesale distributors, truck stops, and fueling stations. New Energy Fuels was incorporated in 2006, and is headquartered in Houston, Texas.
Sectors:
Energy
Oil & Gas Refining & Marketing
Investment Style:
Growth
Value
Highlights:
Biodiesel is non-toxic, biodegradable and reduces exhaust
emissions significantly over that of petroleum diesel. It
can be used in all diesel engines without modifications.
Additionally, biodiesel reduces tailpipe exhaust emissions,
greenhouse gas emissions, sulfur dioxide emissions (acid
rain) and minimizes black smoke and smog-causing particulate
matter.
The company's engineers and technicians have expertise in
hazardous processes and fuel production, and their primary
emphasis is on quality control and process integrity.
Using its proprietary refining technology, New Energy Fuels
leverages three critical factors essential to maintaining
profitable biodiesel facilities and a competitive advantage
in the market:
● Secure long-term commitments of
low-cost feedstock from multiple sources
● High-quality, low-cost process
that can interchangeably utilize a multitude of feedstocks
from fats, oils and greases
● Prearranged distribution
resources to deliver finished products to wholesalers
Summary:
New Energy Fuels, Inc. is focused on the operation of a
biodiesel refinery with current production of 5 million
gallons of fuel on an annual basis with on-site capacity of
10 million gallons annually. New Energy Fuels' business
strategy through the year 2010 includes building additional
biodiesel refineries, either wholly owned or in connection
with joint ventures, each with annual production capacity
ranging from 10 to 30 million gallons annually.
Investor Relations Contact:
Craig Michaels
281 - 383.9680
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