New Generation Biofuels Announces Test Burn Agreement With Progress Energy Florida

New Generation Biofuels Inc. announced today that it has entered into a Test Burn Agreement with Progress Energy Florida to demonstrate its proprietary biofuel technology in utility boiler applications.

The Agreement calls for New Generation Biofuels to supply its biofuel for a test program that will be performed in early 2009 at Progress Energy Florida’s Bartow Plant in St. Petersburg. The test program will include the evaluation of both technical and environmental performance characteristics of New Generation Biofuel’s products as a light off fuel and for flame stabilization in a boiler application.

“We’re excited to be teaming with Progress Energy Florida to build on our recent successes as we continue to commercialize our proprietary renewable biofuel,” said David A. Gillespie, president and CEO of New Generation Biofuels. “We’re looking forward to further validation of our biofuel as we extend our reach beyond combustion turbine technology into utility scale boiler applications.”

“We believe renewable energy is a key part of a balanced approach to meeting the new energy realities of growing energy demand, rising fuel costs and global climate change,” said Rob Caldwell, vice president of Efficiency and Innovative Technology for Progress Energy. “Testing biofuels as a substitute for fossil fuel is an innovative initiative that is part of our commitment to provide customers with clean, reliable and affordable electricity.”