The two companies said they believe there are substantial mutual benefits that can arise from the collaborations of BWE’s expertise in combustion systems and NGBF’s biofuel production know-how and proprietary technology. The companies intend to explore business opportunities to provide renewable energy solutions to BWE’s existing customers.
Paolo Danesi, vice president of sales at BWE, said: “New Generation Biofuels has a unique high performing renewable biofuel technology that we feel distinguishes itself in emissions reductions and ease of use.
“We are energized by the potential and opportunities to utilize NGBF’s biofuel technology in many energy applications, including but certainly not limited to power generation. Our engineering capabilities and experiences along with NGBF’s technology will be a powerful combination for addressing the needs of customers across the globe.”
