|
HISTORY
ReFuel
America, Inc. is a US subsidiary of publicly-listed NewGen
Technologies, Inc. (OTCBB: NWGN.OB) focused on providing advanced
fuels with increased performance and decreased harmful emissions
for all petroleum engine use.
NewGen's "ReFuel America" subsidiary is a biofuel production
and distribution company engaged in the development of fuel
technology which can increase an automobile's miles per gallon
while providing cleaner fuel emissions by changing the property
of fuel to allow more complete combustion.
ReFuel intends to utilize its patent pending technology to
produce the following fuel products, which it plans to distribute
in both the wholesale and retail segments of the fuel marketplace:
-
Ethanol - fuel ethanol is
a clean-burning, high-octane fuel that is produced from
renewable sources. At its most basic, ethanol is grain
alcohol, produced from crops such as corn.
-
E10 - a combination of gasoline
and anywhere from 5 to 10% ethanol based upon a customer's
fuel specifications
-
E85 - a blend of 85% fuel
ethanol and 15% gasoline
-
Biodiesel - fuel comprised
of mono-alkyl esters of long chain fatty acids derived
from oils or fats, designated B100, and meeting the requirements
of ASTM D6751.
-
B20 - a blend of 20% biodiesel
and 80% conventional diesel
-
Premium Diesel - conventional
diesel enhanced by ReFuel's technology
-
E-Diesel - a combination of
up to 10% ethanol and conventional diesel
Refuel America's fuels are being introduced
to consumers and wholesale customers initially in the Southeast
United States market. To launch the US operations Refuel has
partnered with major petroleum companies in the US to utilize
their many years of industry experience, operational expertise,
brand recognition and history of selling traditional fuels.
Targeted acquisitions and other strategic alliances will allow
Refuel America to build on this base, offering branded alternative
fuels at retail and to commercial and government fleets. ReFuel
intends to continue seeking acquisitions and partnerships
to strengthen its portfolio in premium conventional and alternative
fuels development, production, distribution, and sales. Refuel
plans to rapidly expand throughout the US with acquisition
or construction of additional fuel production, distribution,
wholesale and retail fuel assets. By utilizing successful
distribution networks, Refuel America obtains secure revenue
streams while building brand recognition for its unique biofuels.
While the US business has sizable potential, it represents
only the initial launch for Refuel America and NewGen Technologies.
The company has business strategies and resources geared for
global expansion with an initial focus on Europe, South America,
and China.
Refuel America combines proprietary technology, fuel formulations
and a management team with over 100 years of international
corporate, petroleum and entrepreneurial experience. This
creates a unique business with tremendous growth potential
in a market that is at its tipping point. ReFuel intends to
continue development of its technology to diversify its product
offerings.
Further information is available at the NewGen Technologies
website - www.nwgntech.com
|