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Chesapeake Biofuel and Pure Energy Form Strategic Alliance

RANCHO SANTA MARGARITA, Calif., Oct. 8 /PRNewswire/ -- Chesapeake Biofuel Company (CBC) of Richmond, Virginia and Pure Energy Corporation (PEC) of New York have engaged in a business relationship targeting the burgeoning biofuels industry. Chesapeake Biofuel has entered into a multi year exclusive distribution contract with Pure Energy. The distribution agreement covers Pure Energy's proprietary Puranol™ fuel formulation products with the lead product being PEC's cleaner burning E-Diesel formulation for transit, truck and off road vehicles. CBC will be marketing PEC's products in the Chesapeake Bay Region. The companies have also agreed to work cooperatively in other biofuel product development areas.

Chesapeake Biofuel Company, with over three million gallons of tank farm capacity has designed its facilities to accommodate blending of materials to produce commercial substitutes to traditional petroleum fuels. Peter Moliterno, President of CBC said, "Pure Energy's experience in creating ethanol-based engineered fuel formulations that deliver lower emissions and superior performance provides CBC's customers with an added value proposition. With energy security again a national imperative, we intend to provide part of the solution with homegrown energy".

Pure Energy Corporation, the leader in engineered liquid fuel formulations is credited for incorporating renewable fuel components, such as ethanol in conventional fossil fuels, to create gasoline and diesel-based fuel blends that work in both spark ignited and compression engines used in passenger cars and trucks. Its P-Series fuel, developed in association with Princeton University and designated by the U.S. Department of Energy as an "Alternative Fuel" under US Energy Policy Act of 1992 (EPACT), is made largely from renewable ethanol and is essentially sulfur free. Pure Energy's breakthrough Puranol™ based E-Diesel formulation allows for ethanol to be "splash blended" with diesel creating a high performance low emission clean diesel fuel that is cost effective and practical. Pure Energy has also pioneered a viable integrated process to produce ethanol and high-value chemicals from waste biomass sources such as municipal solid waste, agricultural residues and other forestry and industrial wastes. Irshad Ahmed, President of Pure Energy said, "Chesapeake Biofuel provides Pure Energy with a progressive commercial focus for its products and technologies. We are very pleased to have an alliance with a distribution leader in the biofuels industry."

Pure Energy Corporation, with offices in New York and California, is a private company that develops and commercializes technology for new cleaner burning alternative fuels, fuel additives and chemicals by working with established industry partners. It is a leader in fuels research and development with demonstration programs across the country. For more information, contact Pure Energy Corporation at 22391 Gilberto, Rancho Santa Margarita, CA 92688, or visit their web site at: http://www.pure-energy.com.

Contact: Scott Dunlop
Phone: 949-888-8560



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