So how could you capitalize on the energy of biodiesel, produce a balanced get back and help to save the environmental surroundings along the way? We have profiled one of our favorite biodiesel plays below.

Nova Biosource Fuels, that has been formerly Nova Power Holding, is a power company that synthesizes and directs green gas products. Nova's initial target is to create and perform a few biodiesel refineries with manufacturing capacity in excess of 300 million gallons of gas on an annual basis.

Within 36 months Nova wants to construct, applying exclusive patented-process engineering, eight biodiesel refineries which range from 20- to 50-million gallons per year in manufacturing capacity. Nova has already taken cement measures toward the conclusion of those targets:

Nova completed a private location in September for over $18 million. These funds will be used to construct and perform two to four biodiesel refineries with a production volume of between 120 to 240 million gallons of biodiesel gas per year. That news is extremely good as it reveals institutions and big investors believe the organization to be a solid investment.

But the large information propelling Nova's stock price is just a recently-inked handle ConAgra. ConAgra is among North America's largest manufactured meals companies. In September, Nova signed a feedstock source and biodiesel income agreements with ConAgra Business Group.

The agreements offer that ConAgra Business Group may procure the vegetable oil and animal- centered feedstock needs for the Nova-owned biodiesel refinery, along with offer the biodiesel energy and control the logistics for the facility. Making on the connection with ConAgra,

Nova lately closed a biodiesel sales contract for Nova's 60 million gallon annually biodiesel ability to be positioned in Seneca, Illinois. ConAgra Business Class will give you offering and outbound logistics solutions for the service within the agreement. Nova needs the Seneca refinery to be start in the summer of 2007.

Functional Shows contain the very first 10 million gallon each year biodiesel refinery being integrated Clinton Region, Iowa nearing completion. This facility is targeted for completion in the coming weeks.

The second refinery has been developed near DeForest, Iowa, and the facility is going to be entirely possessed by Anamax Energy Services. Nova's agreement with Anamax offers up the design and construction of a 20 million gallon per year biodiesel service on the premises of an Anamax-owned rendering plant. The targeted completion date of the ability is January 2007.

The next refinery is being developed for Scott Oil Corp. and the agreement offers the look and construction of a 20 million gallon per year biodiesel refinery situated in Greenville, Mississippi.

Nova presently has an contract with Scott Oil to buy 50 percent of the facility's production for 10 years at around the generation cost in exchange for preliminary and deferred funds intended to reimburse

Scott Petroleum for the step-by-step structure expenses connected with raising the capacity from 10 to 20 million gallons per year. The targeted completion day because of this ability is anticipated to be in early 2007.

Nova has an amazing, patented biodiesel generation engineering, manufactured by Nova Biosource Fules, which can be wholly-owned by Nova Energy Holding. That engineering allows Nova to lessen handling charges by as much as 35% and over all fuel generation charges by around 20% from standard industry practices. This aggressive benefit benefits in decrease manufacturing prices, faster center permitting, and minimal environmental influence due to the absence of air and water spend streams.

Nova features experienced management, including CEO Kenneth Bern who served as President of Texaco Saudi, Inc., between 1981-1984, as Vice Chairman and Controlling Director of Texaco Nigeria Confined from 1984 through 1989, and as Leader of Texaco Brazil from 1989 through 1994. COO Jody Powers was the former leader of Halliburton Power Services,

wherever he worked for 35 years. Nova has also stacked their board with industry experts and experienced masters in the vitality field. Their advice and their contacts should let Nova to taBiofuel Consultants ke advantage of options moving forward.

Smoother gas rates lower curiosity about option sources of energy -- and their stocks. Nova's inventory value endured along with the new decrease in elementary fat rates, but has because been rebounded strongly. After diving under $3.00, Nova's inventory has quickly shot up to $4.00, primarily on news of the ConAgra deal.