“Cellulose is the most abundant plant material on earth,” noted JT Cloud, Gulf Ethanol’s President. “By replacing more expensive food crops with cellulose as the basic feed-stock for ethanol production, we believe the price of ethanol can be reduced as its availability increases,” he explained. “We expect to work with existing plant owners to deliver cellulosic processing technology as well as building new cellulosic new ethanol plants,” he concluded.
As ethanol becomes a ubiquitous source of alternative energy, most major gasoline suppliers now include ethanol in their gasoline blends. Major supplier such as Exxon Mobil Corp. [NYSE:XOM]; British Petroleum, [NYSE:BP] and Royal Dutch Shell [NYSE:RDS-A] all include ethanol in current gasoline blends sold across America.
About Gulf Ethanol Corporation
Gulf Ethanol, [OTC:GFET] is an alternative energy company focused on the development of cellulosic ethanol technologies with a particular emphasis on Texas and the Gulf Coast. For more information please visit our homepage at: www.GulfEthanolCorp.com.
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.
Gulf Ethanol Corporation
William Carmichael, 713-461-9229
Fax: 713-461-9230
ir@gulfethanolcorp.com