Dynoil LLC Confirms it will Build a 100,000 Barrel per Day Bio-Diesel Refinery

Dynoil announces it will build a 100,000 barrel per day Bio-Diesel Refinery in the Houston, Texas, US Gulf Coast. Total production of Bio-Diesel will be approximately 1.5 billion gallons per year.

Newport Beach, CA. (PRWEB) April 23, 2006 -- A. Vernon Wright, Chief Executive Officer of Dynoil LLC, (“Dynoil”), a Delaware Limited Liability Company, today announced its intentions to build a 1,500,000,000 (1.5B) gallons-per-year refinery to process traditional vegetable oil feedstock into environmentally friendly bio-diesel.

Dynoil has selected for its refinery a site near the US traditional center of petroleum refining, Houston, Texas and the US Gulf Coast. The refinery will process conventional vegetable oil into bio-diesel fuel that will contain zero sulphur and nearly zero nitrogen oxide (NOx) emissions. Dynoil’s bio-diesel can be blended into various grades of diesel fuel that may contain from five percent (B5) to twenty percent (B20) bio-diesel to meet market demand requirements.

Dynoil’s refinery of alternative energy fuel, which is traditionally referred to as “green” or renewable energy, will process approximately 100,000 barrels per day of vegetable oil into fuel that can be utilized as a blending stock with petroleum diesel. Bio-diesel can also be used for home heating or electric power generation.

Dynoil is committed to the utilization of state-of-the-art technology to convert vegetable oil into consumable fuel oil. Dynoil believes that the construction of its 100,000 barrel per day bio-diesel refinery may have positive effects on the current high price of oil by reducing the amount of the traditional importation of crude oil and/or refined petroleum products. As a side effect, the refinery should have a positive, although small, influence on the nation’s balance of payments to OPEC or other oil exporting countries.

Dynoil has conducted market studies wherein it has concluded that the current market for bio-diesel in the US Gulf Coast is at least 100,000 barrels per day. Dynoil has also identified markets on the US East, West Coasts and on the Great Lakes where it intends to rapidly expand its production of bio-diesel. Dynoil intends to transform what is presently only a small theoretical market for alternative renewable and environmentally-friendly energy into a commercially available fuel for the US consumer. Dynoil hopes that the demand for various farm grown oils will invigorate the planting of oil producing crops by the American farmers.

Dynoil believes that it has created an opportunity to use the latest technology to convert farm grown renewable crops into an alternative energy which will directly impact the consumption of foreign oil. In President Bush’s State of the Union Address, the President clearly stated that the US is “addicted” to foreign oil. Dynoil is committed to producing an alternative diesel fuel to help lessen that dependency.

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