Clean Power Concepts, Inc. (OTCPK:CPOW) signed a term sheet to acquire Integrated Biodiesel Industries on September 22, 2011. Clean Power Concepts, Inc. (OTCPK:CPOW) agreed to acquire Integrated Biodiesel Industries on January 30, 2012. The transaction is subject to approval of Integrated Biodiesel Industries shareholders and completion of due diligence of Integrated Biodiesel Industries. As a part of transaction Integrated Biodiesel Industries will get merge with Clean Power. The merger will be completed within 90 days after shareholder approval and the resulting entity will continue to be listed on the OTCBB.

Clean Power Concepts, Inc. (OTCPK:CPOW) cancelled the acquisition of Integrated Biodiesel Industries on October 17, 2012. The transaction has been terminated as the parties were unable to finalize the agreement.