Renewable energy company Kreido Biofuels has appointed its interim CEO and board member, Ben Binninger, to the position of CEO.

Mr Binninger was appointed as interim CEO in July 2007 and has served on the board of the company and its predecessor, Kreido Laboratories, since 2004. He has hands-on experience leading technologically sophisticated global process and service businesses up to $1 billion with Atlantic Richfield Company, Rio Tinto Borax, Exxon and Hercules.

Betsy Knapp, chairman of Kreido Biofuels, said: During the course of Ben’s involvement with Kreido, he has provided an extraordinary range of experience in the fuels and chemicals industries.