Perihelion Global (Other OTC:PHGI.PK) has entered a 5-year agreement with Petroleum Distributor Crew Distributing Co., Inc. to purchase, distribute and market Biodiesel from the company’s Opp, Alabama Biofuel Refinery.
The agreement calls for Crew Distributing to purchase the permitted production capacity of Perihelion’s Opp Refinery, which is currently permitted for approximately 3 Million Gallons annually. Additionally, Crew Distributing has secured a first right of purchase, distribution and marketing option on all increases in production capacity. The Opp Refinery is planned to have annual production of 60 Million gallons per year after a phase two addition.
The new agreement expands on a previously announced purchase agreement for 1.2 million gallons of biodiesel. Under the formal agreement that is being announced today, Crew Distributing will also provide logistical transport, distribution, marketing and additional storage capacity and for all Biofuel produced at the Opp Refinery.
About Perihelion Global
Perihelion Global focuses on the acquisition, development and management of technologies, strategic commodity reserves and assets in the energy, natural resource and communications markets. Perihelion’s management team specializes in providing solutions for the strategic challenges of 21st Century.
About Crew Distributing Co., Inc.
Crew Distributing, Co., Inc. operates a fleet of tanker trucks and is licensed, bonded and insured to distribute petroleum fuels, chemicals and lubricants in the Southeastern United States to portions of Alabama, Georgia, Mississippi and Florida. Crew Distributing also owns and operates several major oil company branded retail gas stations.
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