Earth Ethanol, Inc., a wholly owned subsidiary of Earth Biofuels, Inc., today announced that it has signed a letter of intent to acquire majority interest in North Carolina-based Albemarle Biorefinery, Inc. of Raleigh, North Carolina. According to a Business Wire release, the company intends to build a state-of-the-art ethanol facility in the town of Jamesville, Martin County, North Carolina. Earth Biofuels produces and distributes biodiesel fuel through the company’s network of wholesale and retail outlets. The fuel is sold under country musician Willie Nelson’s brand name “BioWillie.”