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W2 Energy Purchases Agri-Green Biodiesel

^{Published on 2010-05-25 08:45:21 - Market Wire}
 

TORONTO--(Marketwire - May 25, 2010) - W2 Energy, a clean energy company, (PINKSHEETS: [ WTWO ]) is pleased to announce that on May 7, 2010, it signed a Letter of Intent to purchase 60% of Agri-Green Biodiesel, Inc. of Sparwood, British Columbia ([ www.agri-greenbiodiesel.com ]) for 3,000,000 restricted shares.

Agri-Green Biodiesel (AGB) consists of three divisions that generated sales of $655,000 in 2009. The different divisions in AGB are a perfect match with the development strategy of W2 Energy: collecting feedstocks, such as waste vegetable oil, converting it into biodiesel and selling it through wholesale and retail outlets.

The current AGB facility has an annual capacity of 1,000,000 gallons per year and W2 will use the NT Plasmatron technology to convert waste from biodiesel production (glycerin) into methanol and electricity. The purchase of Methanol is one of the main costs of creating biodiesel. Using the NT Plasmatron, W2 will be able to reduce biodiesel production expense at the Sparwood plant.

Disposal of waste products like waste antifreeze and waste vegetable oil have been a serious environmental concern for many years. The 2^nd generation NT Plasmatron gives W2 Energy the ability to deliver low cost power and increases its fuel generation capabilities.

W2 Energy continues to develop products that present low cost energy solutions for the treatment of waste. The system is closed with no emissions and is a net user of CO2.
Remember that with a W2 Energy waste to energy plant, garbage is a renewable resource.

W2 Energy trades in the United States on the OTC under the symbol "WTWO." For further information, please contact Mike McLaren at (519) 341 3185 or [ www.w2energy.com ].

NOTE: Certain statements in this press release are "forward-looking statements" within the meaning of the Private Securities Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors that may cause results to differ materially. Such risks, uncertainties and other factors include but are not limited to new economic conditions, risk in product development, market acceptance of new products and continuing product demand, level of competition and other factors described in reports and filings with regulatory bodies.