Video and press release after the jump.
Biodiesel Converts to Gasoline
XcelPlus Global Holdings Inc (Pink Sheets: XPGH) announces the acquisition of BIOLENE (TM), a newly developed bio-gasoline product.
XcelPlus Global Holdings working in conjunction with Maverick BioFuels developed the technology in which a fuel compatible with internal combustion gasoline engines is derived from natural renewable oils like soybean and vegetable oil. Initial marketing efforts will focus on an additive package for converting ordinary Biodiesel into gasoline. The Biolene additive package will be blended by Xcelplus International Inc (Pink Sheets: XLPI) and will enable producers and consumers of biodiesel to convert the biofuel for use in any gasoline powered engine. The additive is expected to be on the market later this year. Home blenders can expect final pump-grade fuel to cost approximately $2.70 per gallon.
According to Mr. Bill R. Smith, President of Xcelplus, "current testing of the fuel is being conducted with test vehicles run exclusively on Biolene. The test vehicles are being monitored for CO, CO2, hydrocarbon, O2 and NOx exhaust emissions, and we are very pleased with test results to date. We are looking towards an ASTM testing for the fuel before launching it into global markets."
A short video describing Biolene is anticipated to be posted on Xcelplus.com later this week. The video is currently available on Google video (key word "biolene").