RenuEn Corp. Reports $7.5 million sale of natural gas recovered from St. Cloud landfill to Dubai company for use in U.S. trucks

St. Cloud, Fla. -- RenuEn Corporation (otc pink:RENU), a renewable energy development company in St. Cloud has agreed to sell its entire five-year production of compressed natural gas (CNG) recovered from the St. Cloud Landfill in Osceola County to Dubai-based Al-Gahry Trading for use in U.S. delivery trucks. Don Wood, chief executive officer of RenuEn, said the sale of 3,750,000 Gas Gallon Equivalents (GGE) is worth $7.5 million over the five-year contract period. RenuEn Corp. is currently building the first phase of a CNG recovery system at the St. Cloud Landfill designed to produce approximately 62,500 GGE per month, or 750,000 GGE per year. “This purchase agreement will account for 100 percent of the production from the first phase of the project,” Wood said. A second phase, which is now in development, will increase yearly production to more than 3,000,000 GGE by combining CNG recovered from the landfill with natural gas from a nearby pipeline. J. Charles Nemes, executive vice president of RenuEN Corp., negotiated the sale agreement in collaboration Elliot Kahana, Senior Consultant with Florida-based KFV-LLC and Wolfgang R. Geyer of Mocker & Co. Consult Gmbh, in Stuttgart, Germany. The sale agreement could open the door for expansion by RenuEn Corp., Wood said. “Al-Gahry Trading plans to use the CNG to fuel its U.S. trucking operations and we have been working to bring MBM brand CNG trucks and engines to the U.S.,” Wood explained. MBM trucks use German-designed technology that meets U.S. standards for cleanliness and fuel economy. “As more and more trucking companies convert to CNG technology, RenuEn will be positioned to offer expanded CNG services to all of our clients,” he said. “This sales agreement and the relationship we have now forged is the most significant component of our business plan,” Wood said. RenuEn Corp. is a client company of the UCF Business Incubation Program in St. Cloud.