Aura Bio Corp. Announces Proposed Production Purchase Agreement with J.C. Neckermann
REGINA, SASKATCHEWAN–(Marketwire – Sept. 3, 2010) – Aura Bio Corp. (“Aura”) (OTCBB:AUBC) is gratified to make known which by the partnership with Tolao Energy (“Tolao”), Tolao is now in traffic with J.C. Neckermann GMBH & Co. of Germany for a due prolongation squeeze (off-take) agreement for the biodiesel product from the Cross River State plan in Nigeria, West Africa.
The traffic when finalized will concede Tolao to sell up to 31 million liters of biodiesel from the Cross River State plant generating we estimate $9.3 million in income per year. This will consecrate up to 80 percent of Tolao’s sum prolongation genius of 37.5 million liters from the initial plant. It is approaching which the prolongation of biodiesel will proceed as early as the final entertain of 2011.
Under the conditions of the agreement, Tolao will sell to J.C. Neckermann GMBH & Co. up to 80 percent of the prolongation for a duration of 5 years, which will proceed once blurb operations embark in 2011. The superfluous twenty percent of the prolongation will be sole domestically in Nigeria.
“Aura is intensely gratified to be operative with Tolao Energy on negotiating the conditions and conditions of the off-take agreement with J.C. Neckermann,” pronounced Harry Lappa, President and CEO of Aura. “We feel absolved to be operative with J.C. Neckermann and we hold which Germany’s direct for cleanser and tolerable pick fuel source is right in line with Aura’s vision.”
Aura Bio Corp. is a association focusing on building and investing in purify appetite projects. Further report on Aura Bio Corp. is accessible at www.aurabiocorp.com.
Forward-Looking Statements:
Except for the chronological report contained herein, the counts discussed in this press recover have been forward-looking statements. Actual formula might talk about materially from those described in forward-looking statements and have been theme to risks and uncertainties. See Aura Bio Corp.’s filings with the Securities and Exchange Commission which brand specific factors which might means tangible formula or events to talk about materially from those described in the forward-looking statements. We find protected harbor.
