BioFuels Journal

Renew Energy Resources Inc. Forms Legacy Oil Waste Grease Biodiesel Subsidiary

Tampa, FL—Renew Energy Resources, Inc. (Pink Sheets:REER) (“RENEW” or the “Company”), announced October 9 that it has formed a wholly owned subsidiary, Legacy Oil, Florida, to pursue opportunities for a vertically integrated waste vegetable oil facility in Central Florida.

The Company’s business plan has been to identify opportunities by which the Company can facilitate Bio-Diesel production by integrating the financial risk between Feedstock, Production, and Sales.

Following up on our initial successes at Legacy Oil New York, the Company has identified a location and is currently in discussions with the first feedstock provider who will be able to supply up to 80% of the plant's initial capacity of waste vegetable oil by late Q-2 2009.

Alex H. Edwards III, Renew Energy Resources CEO, stated, “We are extremely pleased with the progress we have made in pursuing a vertically integrated solution for New York City and are extremely excited to accelerate our entry into the Florida Market.

"Locating in Central Florida will allow our Metro-centric approach to take advantage of both the Orlando and Tampa metropolitan areas, and will provide a natural expansion point for South Florida when appropriate.”

For more information, call 415-884-0348.