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Biofuels Holdings, Inc. (Nasdaq: NGBF) has signed a Letter Of Intent (LOI) with Ace Biofuels of San Juan, Puerto Rico. Ace Biofuels would license product formulations, manufacturing technology and know-how from NGBF with the intent of constructing a biofuel manufacturing facility and marketing NGBF biofuel in Puerto Rico.
by The Investment U Research Team
The reports coming out from the U.S. Department of Agriculture suggest that this year’s corn crop could be a record breaker. If conditions hold, 2009 could be one of the best corn crops of the past thirty years.
And that’s a good thing for ethanol producers.
A majority of [...]
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