New Generation Biofuels is offering stock for sale through its prospectus. New Generation uses a proprietary technology exclusively licensed in the US from Ferninando Petrucci, who owns around 5.4% of the firm. The financial engineering behind the relationship is at least as tricky as the technology. Before you follow the link to EDGAR it is worth remembering that New Generation Biofuels used to trade as H2Diesel.
The technology is based around mixing biofuels or other oils into an emulsion which is used in a number of US power plants, according to the prospectus. It is to be trialled at Progress Energy in Florida.
The technology is based around mixing biofuels or other oils into an emulsion which is used in a number of US power plants, according to the prospectus. It is to be trialled at Progress Energy in Florida.