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Partnership Provides BioGold with Thermal Distillation and Gasification Technologies

Apr 28 2008

BioGold Fuels Corporation announces the entry into a licensing and strategic partnership agreement with Energy Dynamics Corporation International (EDC). This partnership will provide BioGold with thermal distillation and gasification technologies that will aid in the conversion of biomass feedstocks to energy sources such as diesel fuel and synthetic gas. In addition to this, the partnership affords BioGold access to any improvements made by EDC to the technology. This agreement will also initiate exclusive exchanges of products between BioGold and EDC.

"We are very excited to procure this license agreement since EDC's technology is highly coveted," said BioGold's CEO, Steve Racoosin. "Not only is the gasification technology very valuable, but it fits perfectly into our business model for our bio-refineries. After the technology is implemented into the BioGold process, multiple revenue streams and enhanced growth will increasingly become easier to achieve."

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