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September 2007

Nova Biosource starts up its third biodiesel refinery

Nova Biosource Fuels, Inc. announced that its’ wholly owned subsidiary, Nova Biofuels Trade Group, has entered into a biodiesel sales agreement with ConAgra Trade Group to market and sell biodiesel fuel and manage logistics at the biodiesel refinery in Mississippi owned by Scott Petroleum Corporation. Nova has contractual rights to obtain 50 percent of the biodiesel and glycerin production from the refinery at a specified cost.

ConAgra Trade Group has agreed with Scott Petroleum to assist in procuring the additional feedstock requirements, primarily animal fats and waste products.

The plant is scheduled to commence production of biodiesel in September.