CHEYENNE, Wyo., July 10, 2008 (PRIME NEWSWIRE) -- Amelot Holdings, Inc. (Pink Sheets:AMHD) announces updates on the Native Sun NRG project.
Back in April, Amelot Holdings announced an agreement to acquire Native Sun NRG in Barbados. The letter of intent was signed, and the legal details are being finalized. Amelot will be forming a subsidiary in Barbados in the next few weeks in order to merge all of Native Sun NRG's assets. Amelot has already shipped new equipment to the island. This additional equipment will help increase biodiesel production capacity. Native Sun NRG is also upgrading the current plant's facilities in order to increase capacity.
Amelot's subsidiary will begin production in 60 days, and should ramp up to 6,000 gallons per month very quickly.
The Barbadian culture aims to better itself each year, and the National Parish Ambassador's Program is one example of the island's determination to improve in all aspects of its culture. This year, the program is putting a lot of emphasis on environmental issues and concerns. Handel Callender, founder of Native Sun NRG and General Manager of Amelot's new subsidiary is working with the St. Thomas Parish Ambassadors in the effort to establish their Parish as the foundation for the collection efforts of yellow oil in Barbados.
"There are several Parishes located throughout the island," stated Aziz Hirji, President of Amelot. "We plan to introduce yellow oil collection in every Parish. Amelot is dedicated to providing Barbados with the necessary technology in order to convert all the used yellow oil into useful, clean biodiesel fuel. We are realistically looking at having our first production facility set up and ready to produce biodiesel by September."
About Amelot Holdings, Inc.:
Amelot Holdings, Inc. (http://www.amelotholdings.com), a publicly traded company, is a diversified holding company that has identified biodiesel as a $20 billion emerging market. Amelot plans to have a significant market share in growing low cost feedstocks to supply the growing demand for biodiesel, to reduce energy dependency of fossil fuels, to help reduce the U.S. dependency on foreign oil supplies and reduce the impact of energy on our environment.
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