2009年12月16日星期三

O2Diesel Corporation - direct/O2Diesel Reaches Agreement With Abengoa Bioenergy to Jointly Develop and Demonstrate the European Market for Its Cleaner Burning Ethanol Diesel Blend

NEWARK, DE -- (MARKET WIRE) -- 11/03/2005 -- O2Diesel Corporation (AMEX: OTD) today appear that it had entered into an acceding with Abengoa Bioenergy R&D, Inc. ("ABRD"), an aberrant wholly endemic accessory of Abengoa Bioenergy, S.A. (www.abengoabioenergy.com), to accommodate allotment and bartering abutment to advance the European markets for O2Diesel (TM), its cleaner afire booze agent ammunition blend.

The transaction consists of an Investment by ABRD of Euro 3,000,000 (US$3,588,000) to access a captivation of O2Diesel Corporation´s accepted banal in balance of 10%, and a 5 year bartering acceding which sets out the agreement of ABRD and O2Diesel´s collective development of O2Diesel (TM) for the European market. O2Diesel Corporation has agreed to use the funds from ABRD alone for development of the European Market. The antecedent countries included in the area are Belgium, France, Germany, Netherlands, Portugal, and Spain. As allotment of the acceding ABRD will be the absolute supplier of the booze to be acclimated in the aggregate of O2Diesel (TM)within the territory.

"Working with Abengoa Bioenergy to advance the European bazaar for O2Diesel (TM) is a amazing befalling for the company. Abengoa Bioenergy is an avant-garde all-around baton in Bioenergy, Europe´s better Bioethanol ambassador and a absolute cardinal accomplice for our European bazaar development," commented Alan Rae, CEO of O2Diesel Corporation. "The aggregate of ABRD´s abstruse and bartering acquaintance in developing markets for ammunition booze and O2Diesel´s acquaintance as the arch developer of agent booze ammunition blends should advice us to accept and advance the opportunities for O2Diesel (TM) ammunition in Europe, and should aswell advice us with our bartering efforts in added markets."

As allotment of the acceding ABRD will accomplish accessible to O2Diesel Corporation the befalling to abject its European operation at one of Abengoa´s accessories in Seville, Spain. The company´s acquaintance with CityHome (www.cityhome.info) and borough alteration systems can be transferred to agnate fleets in Europe that are analytic for actual discharge (NOx and Particulate matter) reductions.

Javier Salgado, President and CEO of Abengoa Bioenergy, said, "We are partnering with O2Diesel to authenticate and advance the booze agent bazaar in Europe, which represents the better advance befalling for the bioethanol market. In addition, the ambition of the European Directive (2003/30/EC) is to alter 5.75% of deposit ammunition with biofuels; and bioethanol, in agreement of assembly accommodation and advance potential, is the capital renewable ammunition able of affair the requirements of the Directive. When you amalgamate this with the absolute air above allowances of ethanol, we accept that the European bazaar will account from this opportunity."

More about Abengoa Bioenergy R&D Inc.

Headquartered in St. Louis, Missouri, ABRD is an aberrant accessory of Abengoa Bioenergy, S.A., which is the European baton in the assembly of bioethanol for biofuels, operating at present two bioethanol plants in Spain, Ecocarburantes Españoles and Bioethanol Galicia, with a absolute installed accommodation of 150 and 170 actor liters (40 and 45 actor US Gallons) per year, respectively. Moreover, it is developing a third bulb in Salamanca, Biocarburantes de Castilla y León, with a accommodation of 200 actor liters (53 actor US gallons) per year, of which 2.5% will be acquired from the about-face of atom biomass by agency of a new technology accepting developed by Abengoa Bioenergy R&D. Worldwide, Abengoa Bioenergy is one of the better booze producers and is the better ambassador in Europe. Abengoa Bioenergy, through its accessory Abengoa Bioenergy Corporation, is aswell the 5th better booze ambassador in the US, with an installed accommodation of 435 actor liters (115 actor US gallons). Upon achievement of the assembly ability currently beneath architecture in Ravenna, Nebraska, Abengoa Bioenergy will add addition 333 actor liters (88 actor US gallons) to its US production, for a absolute of 768 actor liters (203 actor US gallons). The assembly in the US is based on blah and sorghum and provides the aggregation with an ability and technology to action these cereals into bioethanol.

Abengoa S.A., the ancestor aggregation of Abengoa Bioenergy, is an automated and abstruse aggregation listed on the Madrid banal exchange, with circumscribed 2004 revenues of 1.7 billion euros, which provides solutions for Sustainable Development, Information and Knowledge Society, and the Creation of Infrastructures in four business areas: Bioenergy, accepting one of the better producers worldwide; Environmental Services, as European baton in some automated decay segments; Information Technologies, as one of capital actors at all-embracing calibration with operations in Europe, America and Asia; and Engineering and Industrial Construction, accepting the baton in Spain and South America.

More about O2Diesel: The aggregation and Its Fuel Technology.

O2Diesel Corporation (AMEX: OTD) is a avant-garde in the bartering development of a cleaner-burning agent ammunition that provides accomplished achievement and ecology allowances for centrally fueled fleets and off-road accessories of all kinds. Engineered and advised for accepted application, O2Diesel (TM)is an ethanol-diesel alloy advised with the company´s proprietary accustomed oil-derived stabilizing accretion that essentially reduces adverse emissions after sacrificing ability and performance. Extensive absolute and government-recognized class and in-use acreage tests accept approved the capability of O2Diesel (TM). The addition of this cost-effective, cleaner-burning agent ammunition is now underway in the United States and added all-around markets. For added advice amuse accredit to www.o2diesel.com.

Forward-Looking Statements

"Safe Harbor" Statement beneath the Private Securities Litigation Reform Act of 1995: Statements in this columnist absolution apropos O2Diesel Corporation´s business which are not actual facts are "forward-looking statements" that absorb risks and uncertainties. Forward-looking statements are accountable to a array of risks and uncertainties which could could cause absolute contest or after-effects to alter from those reflected in the advanced statements, including, after limitation, the abortion to access able costs on a appropriate base and added risks and uncertainties. Actual after-effects could alter materially from those projected in the advanced statements, as a aftereffect of either the affairs set alternating or congenital in this address about or assertive bread-and-butter and business factors, some of which may be above the ascendancy of O2Diesel. These factors cover adverse bread-and-butter conditions, access of new and stronger competitors, bare capital, abrupt costs, abortion to accretion artefact approval in the United States or adopted countries for the commercialization and administration of our articles and abortion to capitalize aloft acceptance to new markets. O2Diesel disclaims any obligation after to alter any advanced statements to reflect contest or affairs afterwards the date of such statements or to reflect the accident of advancing or hasty events. "O2Diesel" and "CityHome" are trademarks of O2Diesel Corporation.


Contact:
O2Diesel Corporation
Alan Rae
+1 (302) 266 6000

Or

Alliance Advisors, LLC
Alan Sheinwald
+1 (914) 244-0062

SOURCE: O2Diesel Corporation




The advertisement broadcast by directnews.
The issuer is alone amenable for the agreeable of this announcement.

没有评论:

发表评论