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Innovation Fuels Signs Logistics and Transportation Contract With I.C.E. Service Group

Date Posted: May 7, 2008

New York, NY—Innovation Fuels Inc., the leading biodiesel company with a global reach that recently secured $15.5 million in financing led by Credit Suisse, has named Pittsburgh-based I.C.E. Service Group, Inc. (ICE) as their long term logistics and transportation strategic provider and partner.

Operating out of four locations including the Ports of New York and Milwaukee; Albany, NY and Antwerp, Belgium, Innovation Fuels is a leading biodiesel company with a global reach and mission to replace diesel fuel with sustainably produced biodiesel.

I.C.E. Service Group, Inc., a woman-owned, minority-owned small business that provides logistical support, transportation, waste management and industrial maintenance services to the industrial, construction and environmental industries.

According to John Fox, president & CEO for Innovation Fuels, ICE will provide logistical and transportation support for the Company's 950,000 barrels per year (or 130,000 metric tons per year) biodiesel refinery in Newark, New Jersey, including design and construction services for all rail infrastructure improvements and overall logistical planning.

In addition, ICE will also provide all rail, marine and truck logistical and transportation services for approximately 40 million gallons of feedstock and 40 million gallons of biodiesel per year.

"We're very excited about the opportunity of working with Innovation Fuels, and expanding our operations in the City of Newark," remarked Dennis Morgan II, senior program manager—special projects for I.C.E. Service Group, Inc.

"The services provided by ICE are arguably the most essential to our relationships with customers," commented Fox, "and ICE provides the vast logistical and transportation capabilities that make our product marketable internationally." For further information about Innovation Fuels call 212-843-8073.

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