Brazilian Sugar Miller COSAN Begins Use Of O2Diesel.NEWARK, Del. -- O2Diesel Corporation (AMEX AMEX See: American Stock Exchange :OTD OTD Of the Day OTD Office of Technology Development OTD Observed Time Difference OTD Doctor of Occupational Therapy OTD Out The Door OTD Overseas Trained Doctors OTD Optical Transient Detector OTD On Time Delivery OTD Order-To-Delivery ) today announced that one of the largest sugar millers and ethanol producers in the world, COSAN (annual revenues of US$500 million) of Brazil, began using O2Diesel(TM) in the diesel powered fleet located at their mill in Barra Bonita Barra Bonita is a municipality in the state of São Paulo in Brazil. The population in 2003 is 37,871 and the area is 150.56 km². The elevation is 457 m. , State of Sao Paulo. This mill is the world's largest sugar and ethanol production facility with the capacity to process 6.8 million tons of sugar cane per year. The patented fuel technology developed by O2Diesel Corporation (AMEX:OTD) of Newark, Delaware Newark is a city in New Castle County, Delaware, 12 miles (19 km) west-southwest of Wilmington. According to 2006 Census Bureau estimates, the population of the city is 30,060.[1] Newark is the home of the University of Delaware. , will be used in a wide variety of trucks and agricultural equipment. COSAN operates 12 mills in Southeastern Brazil with an annual consumption of approximately 50 million liters (13,208,993 gallons) of diesel fuel. "We are glad to be the first company in Brazil to use O2Diesel's ethanol diesel blend for this initial implementation at our Da Barra mill. We are sure that benefits to the air quality will provide a healthier environment for both our employees and the community in which the mill operates," says Alexandre Aidar, COSAN Group commercial Director. Peter Gross, General Manager of O2Diesel's Brazilian subsidiary, comments that "We are honored to be working with such a reputable, industry-leading corporation that understands the value of providing cleaner air for their workers and the regions of Brazil Brazil is currently divided in five regions, by the Instituto Brasileiro de Geografia e Estatistica (IBGE). These divisions are composed by states with similar cultural, economical, historical and social aspects, and although through the scientific point of view information given by this in which they operate. We could not have hoped for a better first commercial customer for O2Diesel(TM) in Brazil than COSAN." Brazil is the world's largest producer of ethanol with production in excess of 12.6 million cubic meters (3.3 billion US gallons) although with increased capacity being added regularly the US may pass that figure this year. Ethanol has been blended with gasoline in Brazil for nearly 30 years and today every litre of gasoline sold in Brazil contains at least 20% ethanol. The product, O2Diesel(TM), combines ethanol with diesel fuel to dramatically lower greenhouse gas emissions, particulate matter (PM) and the black smoke normally associated with diesel fuel. About O2Diesel: The Company and Its Fuel Technology O2Diesel Corporation, and its U.S. subsidiary O2Diesel, Inc., is a pioneer in the commercial development of a cleaner-burning diesel fuel alternative that provides exceptional performance and environmental qualities for centrally fueled fleets and off-road equipment of all kinds. Engineered and designed for universal application, O2Diesel(TM) is an ethanol-diesel blend that substantially reduces harmful emissions without sacrificing power and performance. Extensive laboratory and in-use field tests have demonstrated the effectiveness of O2Diesel(TM) -- the introduction of this cost-effective, cleaner-burning diesel fuel is now underway in the United States and other global markets. For more information please consult: www.o2diesel.com. Forward Looking Statements "Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: Statements in this press release regarding O2Diesel Corp's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the most recently ended fiscal year. 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