SOURCE: New Generation Biofuels Holdings, Inc.

New Generation Biofuels Holdings, Inc.

December 15, 2010 13:39 ET

New Generation Biofuels Announces Contract With Baltimore City to Test and Evaluate the Company's Renewable, Clean Biofuels Technology in Institutional Boilers

Previous Test Burns Demonstrated Significant Reduction of Harmful Emissions

COLUMBIA, MD--(Marketwire - December 15, 2010) - New Generation Biofuels Holdings, Inc. (PINKSHEETS: NGBF) (OTCQB: NGBF), a leading developer of biofuels technology and products, announced today a contract with the City of Baltimore to conduct a Phase 2 evaluation program of the Company's proprietary biofuel for use in institutional boilers over a one year period. The maximum volume for the program is capped at 440,000 gallons.

"We are very pleased to be moving into Phase 2 of our program with the City of Baltimore to perform long-term tests and evaluations of our biofuel in several of Baltimore's institutional boilers," said Miles F. Mahoney, President and Chief Executive Officer. "The City of Baltimore is leading the nation in the development and implementation of 'green' initiatives, including the reduction of harmful greenhouse gases. We are excited and proud to be a partner with the City in that effort. The emission-reduction capabilities of our biofuel have already been demonstrated in Phase 1 of the program and we look forward to demonstrating our fuel's capabilities during this extended test burn."

The Phase 1 program demonstrated excellent operability and stability of New Generation Biofuels' second generation biofuel, in addition to showing both a reduction in nitrogen oxide (NOx) and sulfur oxide (SOx) when compared to both fossil diesel as well as biodiesel. Tests at Eastern Health Center's Columbia boiler with a Sun-Ray burner saw a reduction in NOx of over 40% and SOx reduction of over 90%. Tests at Pimlico Police Training Center's HB Smith cast iron boiler with a Power-Flame burner saw a NOx reduction of over 60%. The Phase 2 program will determine the long term operational impact of the renewable biofuel.

In a press release issued today by the Office of the Mayor of Baltimore City, Mayor Stephanie Rawlings-Blake noted that the Company's biofuel has already demonstrated "huge" reductions in pollutants during the Phase 1 testing and that continued success in this final stage of testing will mean a go-ahead for the City to begin the use of the cleaner burning vegetable-based biofuel technology in city buildings. 

New Generation Biofuels' Product Information
New Generation Biofuels' biofuel is a precision blended product made from new or recycled plant oils or animal fats. The Company's biofuel is readily usable at 100% strength as a replacement for diesel, #2 heating oil, kerosene and other fuel oils. The Company's biofuel may also be blended with heating oil or used in co-firing applications with coal. Use of the Company's biofuel does not require material equipment modifications. Other benefits include significantly lower emissions than traditional fuels, reductions in overall greenhouse gas emissions and air pollution. NGBF's biofuel has been accepted by the EPA under RFS2 and meets many state biomass definitions. Additional information about New Generation Biofuels' biofuel products is available at http://newgenerationbiofuels.com/product.php.

About The City of Baltimore
The Baltimore City Department of Public Works Energy Office is implementing energy efficiency and renewable energy projects at City facilities to reduce energy costs and carbon emissions and to improve air quality. Already in place are energy efficiency measures for buildings, installation of LED lights, and utilization of methane gas from renewable sources. Future projects will include expansion of energy efficiency applications from buildings to water and waste water operations; reduction in use of fossil fuels; and increasing solar and other renewable energy applications. Through reduced purchases of electric power, steam, natural gas, chilled water and reduced maintenance costs the city realizes a savings of $5 million per year.

About New Generation Biofuels Holdings, Inc.
New Generation Biofuels is a renewable fuels provider. The Company holds an exclusive license for North America, Central America and the Caribbean to commercialize proprietary technology to manufacture alternative biofuels from plant oils and animal fats that it markets as a new class of biofuel for power generation, commercial and industrial heating and marine use. The Company believes that its proprietary biofuel can provide a lower cost, renewable alternative energy source with significantly lower emissions than traditional fuels. New Generation Biofuels' business model calls for establishing direct sales from manufacturing plants that it may purchase or build and sublicensing its technology to qualified licensees. Additional information about new Generation Biofuels is available at http://www.newgenerationbiofuels.com.

Forward-Looking Statements
This news release contains forward-looking statements. These forward-looking statements concern the Company's operations, prospects, plans, economic performance and financial condition 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 our business, which include all the risks attendant an emerging growth company in the volatile energy industry, including those set forth in the Company's Annual Report on Form 10-K for the year ended December 31, 2009, and in subsequent filings with the Securities and Exchange Commission. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements or to update the reasons why the actual results could differ from those projected in the forward-looking statements.

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