Alternative Fuels Americas signs 150 more agreements in Costa Rica

In Florida, Alternative Fuels Americas confirmed the extension of 150 agreements with private landowners in Costa Rica, providing immediate access to sufficient raw material for up to 2 million gallons of biodiesel annually and accelerating the timeline to revenue. At full capacity the Company’s initial Costa Rican model calls for scalable refining operations capable of producing 6 million gallons annually (roughly $22.7 million in revenues). The Company has already secured sales of $14 million through offtake agreements.