Message #5 From:
NewsBot Date: March 23, 2007 01:15:00 PM
ADYN News AlgoDyne Ethanol to Acquire up to 3000 Acres of Agricultural Land in Saskatchewan to Grow Crops for Ethanol Production
LAS VEGAS--(BUSINESS WIRE)--As announced earlier this week, AlgoDyne Ethanol Energy Inc. (‘AlgoDyne’ or the ‘Company’) (OTCBB:ADYN) signed a letter of intent to acquire approx. 800 acres of agricultural land in Saskatchewan. Today, AlgoDyne Ethanol Energy Inc. has decided to increase the total amount of land to be acquired to up to 3000 acres to grow bioenergy crops and Miscanthus.
AlgoDyne has discovered that by applying certain aspects of its proprietary enzyme technology gained from its micro-algae research to grain crops and especially to Miscanthus, the EROI (Energy Return on Investment) of ethanol from land grown biomass can be increased significantly to a sustainable economic level. AlgoDyne will establish its own biomass distribution network to supply the ever increasing demand for biomass for ethanol production.
AlgoDyne's main focus still lies on the development of micro-algae as the primary source of biomass for ethanol production. The Company has gained strong evidence for the vast superiority of micro-algae regarding the YPE (yield per effort) / EROI compared to land grown biomass. The Company is determined to exploit the boom in grain crops to expand research on its disruptive technology to produce ethanol from micro-algae.
About Miscanthus
Miscanthus is a genus of about 15 species of perennial grasses. Miscanthus giganteus or “E-grass” has been trialed as a biofuel in Europe since the early 1980s. It can grow to heights of more than 3.5m in one growth season. Its dry weight annual yield can reach 25t/ha (10t/acre). The rapid growth, low mineral content and high biomass yield of Miscanthus make it a favorite choice as a biofuel. After harvest, it can be burned to produce heat and power turbines. The resulting CO2 emissions are equal to the amount of CO2 that the plant used up from the atmosphere during its growing phase, and thus the process is greenhouse gas-neutral.
About AlgoDyne Ethanol
AlgoDyne’s proprietary mico-algae-based (phytoplankton) technology provides a powerful means to produce clean, renewable energy from the continual harvest of bio-mass from Photo-Bioreactors. The end result is the production of ethanol, methanol, biodiesel, electricity, coal and animal feed – all in a carbon dioxide neutral way.
Notice Regarding Forward Looking Statements
This news release contains “forward-looking statements”, as that term is defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. Statements in this press release, which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. These forward-looking statements are made as of the date of this news release and AlgoDyne assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although AlgoDyne believes that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance those beliefs, plans, expectations, or intentions will prove to be accurate. Investors should consider all of the information set forth herein and should also refer to the risk factors disclosed in AlgoDyne’s periodic reports filed from time-to-time with the Securities and Exchange Commission and available at www.sec.gov.
