Last year, H2Diesel said its proprietary biodiesel conversion technology "simplifies the production of biodiesel from vegetable oils including waste oils." It is eBarton's job to help promote the biofuel to the utilities because, as H2Diesel President and CEO David A. Gillespie said in a release, "eBarton has the unique combination of long-standing relationships at the highest levels within the power generation industry, established affiliations with experts in renewables, emerging energy technologies and risk management to support its activities."
The press release is pasted after the jump.
[Source: H2Diesel Holdings, Inc.]
H2Diesel Announces Agreement With eBartonLLC to Market its Alternative Bio- Fuel to Power Producers in North America
HOUSTON, Texas, April 26 /PRNewswire-FirstCall/ -- H2Diesel Holdings, Inc. (BULLETIN BOARD: HTWO) today announced an agreement with eBartonLLC, a renewable energy finance and transaction structuring company, to assist H2Diesel in marketing its alternative bio-fuel to utilities and independent power producers in North America.
H2Diesel holds an exclusive license to proprietary technology for the manufacture of bio-fuel from renewable vegetable oils and animal fats that is intended to be marketed as a new class of bio-fuel or fuel additive for power generation, heavy equipment, marine use and as a heating fuel. The Company believes the significant potential for its technology is reflected in the growing consumption of bio-fuel.
David A. Gillespie, President and CEO of H2Diesel, said, "eBarton has the unique combination of long-standing relationships at the highest levels within the power generation industry, established affiliations with experts in renewables, emerging energy technologies and risk management to support its activities. We're excited to be working with Kim Johnson, president of eBarton, who has used her extensive energy industry expertise to play a vital role arranging long term sales contracts and capital for emerging renewable companies. I look forward to working with Kim as we seek to establish initial production capability and distribution channels for our proprietary bio-fuel."
Kim Johnson, President of Delray Beach, Florida-based eBarton LLC said, "H2Diesel's proprietary technology has the potential to be a breakthrough technology in the alternative fuels sector. I am excited by the opportunity to help H2Diesel further its strategic plans to establish a leadership position in the growing bio-fuel industry."
Prior to founding eBarton, Ms. Johnson has served in executive positions in the energy industry for 25 years, with such companies as Aquila, Shell Trading Gas & Power, Catex Coral Energy, Catex Vitol Gas, and Diamond Shamrock. Ms. Johnson co-founded Tyr Energy an asset management firm with over $3.5 billion in energy assets.
eBartonLLC is a privately-held leading renewable energy company and financier. eBarton has specialized in the structuring and capitalization of a diverse portfolio Green Energy companies in biofuels, IGCC, next-generation hydro-electric power and other Green technologies since the passage of the 2005 Energy Act. eBarton leverages the three decade experience in energy of its president; Kim L. Johnson, a recognized industry leader. eBarton's corporate details may be found at www.ebarton.com
About H2Diesel Holdings, Inc.
H2Diesel is a development stage company that holds an exclusive license for North America, Central America and the Caribbean to proprietary technology for the manufacture of an alternative "bio-fuel" from domestically produced vegetable oils and animal fats that is intended to be marketed as a new class of bio-fuel or fuel additive for power generation, heavy equipment, marine use and as a heating fuel. The Company further believes its proprietary bio-fuel will provide a cheaper, renewable alternative energy source with significantly lower emissions than traditional fuels and a cleaner and more efficient alternative to heating oil. H2Diesel's business model calls for the establishment of bio-fuel production facilities directly and through sublicensing of its technology to qualified licensees.
Forward Looking Statements
This news release contains forward-looking statements. These forward- looking statements concern the operations, prospects, plans, economic performance and financial condition of H2Diesel Holdings, Inc. (the "Company") and are based largely on the Company's beliefs and expectations. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results expressed or implied by such forward-looking statements. The risks and uncertainties related to the Company's business include all the risks attendant a development stage business in the volatile energy industry, including, without limitation, the risks set forth under the caption "Risk Factors" in the Company's Annual Report on Form 10-KSB for the fiscal year ended December 31, 2006. In particular, the ability of the Company to complete its initial production facility will be subject to uncertainties regarding, among others, obtaining necessary financing for the construction and complexities related to the Company's bio-fuel which has not yet been produced on a commercial scale.