Algodyne to acquire interest in Canadian Green Fuels

By | November 20, 2007
AlgoDyne Ethanol Energy Corp. has signed a letter of intent to acquire 55 percent of Canadian Green Fuels Inc. The two companies partnered in July to build and operate retail biofuels stations in western Canada. CGF recently introduced its Mopo brand of biodiesel and fuel conditioners to its line of canola- and soy-based lubricants and additives. CGF is also pursuing a joint venture with Cansource Biofuels Corp. to develop a canola-based biodiesel production facility in Mayerthorpe, Alberta.
 
 
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