ARES Corporation and Blue Sun Biodiesel Announce Joint Venture
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ALBUQUERQUE, N.M., Jan. 31 -- ARES Corporation (ARES) and Blue Sun Biodiesel, LLC (Blue Sun) announced today the formation of a key joint venture: ARES Blue Sun Development, LLC (ARES Blue Sun). ARES Blue Sun will combine the significant engineering expertise of ARES Corporation with the premium quality fuel and oilseed technology of Blue Sun Biodiesel to collaborate on improvements in biodiesel process technology, as well as to build biodiesel (B100) production facilities throughout North America. ARES Blue Sun has selected a site in Clovis, New Mexico, for the first plant to be built by ARES Blue Sun, due to the commitment by the State of New Mexico and the City of Clovis to support the development of alternative energy products. ARES Blue Sun anticipates breaking ground on the first plant in the first quarter of 2007. Once completed, the plant will produce 15 million gallons of pure B100 per year. The Clovis facility integrates a revolutionary advanced design jointly developed by the partners that ensures the production of high-quality B100 meeting Blue Sun's specifications. ARES will provide project management services during the construction and operation of the Clovis plant. Blue Sun will incorporate the full B100 output of Clovis into its premium branded B20 (diesel fuel with 20% biodiesel), Blue Sun Fusion(TM). ARES' advanced processing design, focused on the production of the highest quality B100, when combined with Blue Sun's proprietary oilseed feedstocks, quality control, fuel specifications, additives, and blending technology, will consistently generate the superior quality, best performance biodiesel fuel on the market today. ARES and Blue Sun are equal partners in ARES Blue Sun.
"This new joint venture represents the initial implementation of ARES' strategic goals in creating new businesses in the clean energy and biofuels sector," said Dick Stuart, CEO and President of ARES Corporation. "ARES is very enthusiastic about the strategic potential of working together with Blue Sun to produce a high quality, premium biodiesel that is so critically important to reducing our nation's dependence on foreign oil."
"Since its inception, Blue Sun has been focused on distributing a premium biodiesel fuel with warranted industry-leading specifications. The ability to bring to bear ARES' superior engineering expertise assures Blue Sun of a continuous supply of B100 that meets our stringent quality requirements," added Jeff Probst, CEO of Blue Sun Biodiesel.
ARES Corporation is a high-end provider of engineering, project management and risk management solutions for government agencies and commercial industries. ARES is headquartered in Burlingame, California with New Mexico offices in Albuquerque, Santa Fe, and Los Alamos. ARES Corporation has earned the Small Business Administration's National Small Business Administration Subcontractor of the Year Award in 2001 and numerous other awards in the aerospace, defense and energy industries as a result of providing high-value-added solutions and tools, on-time and within budget. More than half of its business is energy related.
Blue Sun Biodiesel is a leading supplier of premium biodiesel fuel blends, made from pure vegetable oils. The company produces biodiesel energy crops such as canola-type oilseeds grown by Blue Sun farmer cooperatives, and is currently implementing advanced production and distribution facilities. Blue Sun markets through an authorized distributor and retail network and focuses on quality management from the farmer to the fuel tank. The company currently markets its Blue Sun Fusion(TM) premium B20 diesel fuel through its nine Authorized Distributors and numerous Associate Distributors in ten western states and Canada.
ARES Corporation and Blue Sun Biodiesel are committed to pursuing alternative energy sources to protect our environment, stimulate rural economic development and reduce our country's dependence on foreign oil.
Source: ARES Corporation and Blue Sun Biodiesel, LLC
CONTACT:
Gerry Runte
ARES Corporation
+1-505-992-0220
Jeff Probst
Blue Sun Biodiesel
+1-303-865-7700
Web site: http://www.gobluesun.com/
http://www.arescorporation.com/
