NewGen to operate first renewable fuels terminals on regional pipelines

By | March 01, 2006
Pursuing its mission to become the "leading manufacturer, processor and distributor of premium biofuels," NewGen Technologies Inc. has acquired three fuel terminals on the Colonial and Plantation pipelines from Crown Central LLC. The terminals, which have a total storage capacity of over 10 million gallons and an annual throughput capacity of more than 500 million gallons, will be used for the storage and distribution of alternative fuels. Two of these terminals, located in Charlotte, N.C., and Spartanburg, S.C., are expected to be operational by the second quarter of 2006, with the Columbus, Ga., location to come on line in the fourth quarter.

At these terminals, ReFuel America, a subsidiary of NewGen Technologies, will begin blending and distributing biodiesel
currently available on the market. Ultimately, the terminals are intended for NewGen Technology's own biodiesel once its production facilities are up and running.

Based in Alpharetta, Ga., the Colonial Pipeline delivers a daily average of 100 million gallons of gasoline, home heating oil, aviation fuel and other refined petroleum products to communities and businesses throughout the southern and eastern United States. The Plantation Pipe Line Company operates as a carrier of refined petroleum products: different grades of motor and aviation gasolines, commercial and military jet fuels, heating oils, and diesel fuels.
 
 
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