Earth Biofuels signs LOI for truck stop

By | August 01, 2005
Apollo Resources International Inc.'s 50 percent-owned Earth Biofuels Inc. signed a letter of intent (LOI) to purchase its second retail fueling station with many more to come, said Earth Biofuels CEO Tommy Johnson. The intent to buy the British Petroleum-branded truck stop off Interstate 55 in Grenada, Miss., approximately 70 miles south of Memphis, Tenn., is part of Earth Biofuels' plan to own 10 percent and franchise out 90 percent of 170 retail fueling stations, starting in Mississippi and Oklahoma. Earth Biofuels will offer B20 at all of its retail outlets and regular diesel when facilities are equipped with duel storage tanks.
 
 
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