Fair Energy, announce that they have recently chartered M/T "Loukas 1" a 2005 built double hulled product tanker to load 20'000 cubic meters of Anhydrous Ethanol from Brazil to New York. The vessel arrived April 24th to load at her first terminal, Ilha d'Agua near Rio de Janeiro.

Fair Energy, a Geneva based oil trader, is a globally established player in the crude oil, oil products and biofuels markets. Fair Energy trades the full spectrum of petroleum and biofuels products. The company considers the biofuels as perfectly complementary to the oil products and aims to control the whole supply chain till the blending.

Fair Energy announced having entered into a distribution agreement with O2Diesel Corporation (AMEX: OTD) for several markets including Colombia and Bolivia. The agreement was reached and announced at a national press launch of O2Diesel's? ethanol diesel blend in Bogot?, Columbia. The press conference, which was attended by Juan Lozano, Columbia's Minister of the environment, followed successful demonstration and emission testing of O2Diesel carried out using buses operated by the Bogot?'s Trans Millennium mass transit system.

Riverlake's group of companies are the logistics service providers to Fair Energy. Riverlake's business is based on the understanding that balancing economic success with environmental success is vital. The company searches for win-win situations as a reply to the dilemma of choosing between protecting natural resources and economic development.

More information is available on the company's websites, www.fairenergy.com and www.riverlake.ch.

By Riverlake Research and Consulting