The Alternative Energy Technology Center, Inc. (OTC:AETE) announced today that it completed the initial design phase of its Cellulosic Ethanol – Esterified Lignin to Gasoline Unit. This vertically integrated biorefining unit will take advantage of proprietary technology using flexible feedstocks such as forestry waste, dedicated feedstock grasses, sawdust, sorghum and corn stover.
“AETC’s integrated technologies provide the ability to convert cheap, abundant cellulosic plant material into a variety of fuel products that will allow us to efficiently address a part of America’s energy needs,” stated Brown Marks, President and CEO. “America’s energy future must be built on renewable fuels that can be produced at a lower cost and the company’s vertically integrated biorefining technology delivers the answer to this pressing need,” he concluded.
Building on its recent acquisition of Meridian Biorefining, Inc., AETC expects to extend the Cellulosic Ethanol - and Esterified Lignin to Gasoline Unit with a fully functional BioCrude Process Unit. The combination of these proprietary technologies will produce the first fully functioning commercial biorefinery in the U.S. in 2009. Oil is refined using distillation, fractionation and cracking units. AETC uses a sophisticated, energy efficient system to process biomass in a bio-aerosol form into a wide range of transportation fuels, lubricants, and chemical co-products.
Multiple technologies for processing cellulose into fuels are under development at competitors such as DuPont (NYSE:DD), Pacific Ethanol (Nasdaq:PEIX) and SunOpta, Inc. (Nasdaq:STKL) among others.
The Company: The Alternative Energy Technology Center, Inc. (OTC:AETE), based in The Woodlands, TX, is a technology company focused on biofuels and alternative energy technologies. It is developing the first true biorefinery in the U.S. It will focus on technologies using renewable energy inputs from non-food energy sources and on technologies that can be scaled up to efficiently address the post-petroleum energy needs of the United States.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipate" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.
The Alternative Energy Technology Center, Inc.
David Mordekhay,
832-358-0203