HyPower Fuel Releases Details on Ultra-Green Biodiesel Process and HyPower Fuel Limited Partnership

[OKIsItJustMe]

http://biz.yahoo.com/bw/080312/20080312005840.html

Press Release Source: HyPower Fuel Inc.

HyPower Fuel Releases Details on Ultra-Green Biodiesel Process and HyPower Fuel Limited Partnership Format

Wednesday March 12, 11:03 am ET

WILMINGTON, Del.--(BUSINESS WIRE)--HyPower Fuel Inc. is pleased to release details on its newly acquired ultra-green biodiesel process for the North American market.

Mr. Douglas Bender, President of HyPower Fuel, reports that “we firmly believe that our biodiesel process is the world’s most cost-effective and environmentally friendly method of producing biodiesel. Our process uses no water and virtually no hazardous chemicals other than methanol, which is a common denominator in any biodiesel process. Due to the fact that we use no chemicals in pre-treatment, we do not have any phosphates or sulfates which have to be removed. Having no pre-treatment and post-treatment dramatically reduces our input and operating costs. In addition, our reaction time from feedstock to a biodiesel product meeting ASTM standards is approximately two hours. These are all major improvements over conventional biodiesel technologies.”

Doug Bender went on to say that “our small scale biodiesel plant has been a virtual gold mine in providing a Proof of Technology and in displaying how the process works to interested parties. All visitors who have seen the plant in operation have been extremely impressed and we are now fielding proposals for use of our technology within the HyPower Fuels Limited Partnership (HFLP) format that we have developed. Essentially the HFLP format is a joint venture that provides for HyPower to provide the technology and technical expertise in return for a 50% ownership of biodiesel plants built using our “best in class” technology. The remaining 50% would be owned by our funding partner. Each plant built under the HFLP format would provide a positive revenue stream to HyPower in terms of royalties, technical fees, construction fees and operating profits. We have received a number of expressions of interest from major entities wishing to be a partner for one or more plants using the HFLP format.”

...