Latest news for Kreido Biofuels

Four Rivers to acquire Kreido Biofuels

(18/02/2009)

Kreido Biofuels, Inc. has jointly announced with Four Rivers BioEnergy Inc. that Kreido has agreed to sell substantially all of its assets to Four Rivers. Kreido is selling the specified assets for $2.8 million in cash, the assumption by Four Rivers of $260,000 of Kreido purchase orders and contracts, 1,200,000 Four Rivers shares of common stock and warrants to purchase up to 200,000 Four Rivers shares of common stock, exercisable at $8 per sh... [more]

Business update from Kreido Biofuels

(24/03/2008)

Kreido Biofuels, Inc. has provided a business update. Chief Executive Officer Ben Binninger reported, “We have accomplished a great deal since our financing in 2007, and we are continuing to address the significant market and financing challenges affecting our industry and our company. We remain confident that our advanced technology will enable us to achieve both better raw material utilization and lower operating costs than conventional biodies... [more]

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