Kreido Laboratories forms biofuels entity through merger

By | March 15, 2007
After completing a reverse merger and placing $25 million in common stock through private funding, Kreido Laboratories has joined the publicly held Gemwood Productions Inc. to form Kreido Biofuels Inc. Kreido Biofuels will develop, own and manage biodiesel plants, as well as license its patented "process intensification technology," which the company said can rapidly scale-up production capabilities of existing facilities. Kreido Biofuels said it has three biodiesel plants under development at various "existing liquid handling facilities" in the Midwest and Southeast. The company expects these plants to produce a combined 100 MMgy by the end of 2008.
 
 
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