Consolidated Biofuels Inc. signs LOI with IBFC

By | December 15, 2006
Consolidated Biofuels Inc. (CBI), a development-stage alternative fuels company, announced in October it had signed a letter of intent (LOI) with privately held company International Bio Fuels Corporation (IBFC). In the agreement, IBFC will provide substantial equity investment in CBI. IBFC's choice to invest in CBI was based on the company's similar business strategy, according to an IBFC press release. IBFC is a biodiesel plant manufacturer with operations in the United States, China, Indonesia and Africa.
 
 
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