Biodiesel and Ethanol

HydroGenetics Agrees to Acquire Northeastern Biodiesel Producer

January 05, 2009

MIAMI, FL --- Green-energy holding company HydroGenetics Inc. announced it has agreed to acquire Buffalo Biodiesel.

Buffalo Biodiesel, which sells biodiesel and processes yellow grease for the production of biodiesel, will become a wholly owned subsidiary of HydroGenetics.

"This agreement signals yet another segment of the green energy world HydroGenetics Inc. will contend in," said CEO Marc Walther. "Our emerging technologies, combined with the revenues generated by our new subsidiary, provide us with the necessary cash flow to grow our biodiesel business short term while we are executing our long-term financing strategy and the development and commercialization of green technologies in our pipeline."

Another HydroGenetics subsidiary, HydroAxis Technologies, is now developing green hydrogen-generating technology systems for internal combustion engines to reduce gasoline consumption in existing and new vehicles.

 

Related News

Comment On This Story

Name:  
Email:  
Comment: (Maximum 10000 characters)  
Leave this field empty:
* Please note that every comment is moderated.

 

FleetFAQ

Fleet Management And Leasing

Merchants Experts will answer your questions and challenges

View All
 

Grants & Subsidies

Alternative Fueling Station Locator

Alternative Fueling Station Locator

Find your closest station or plan a route. Locate biodiesel, electric, ethanol, hydrogen, compressed natural gas (CNG), liquified natural gas (LNG), and propane across America.

Start Your Search