A global leader in biofuels and refining, Muse Stancil provides downstream engineering and financial consulting to major energy companies such as Shell, [NYSE: RDS-A] and El Paso Corporation, [NYSE: EP]. Muse Stancil will assist Gulf Ethanol with the final design, deployment and financing of its cellulosic ethanol technology. Clients include the State of Alaska, Northern Ethanol, Hawkeye Ethanol and a large number of public companies. The also work with financial institutions such as JP Morgan Chase [NYSE: JPM] and Goldman Sachs [NYSE: GS].
“With an extensive history of projects in refining and renewable fuels, including work on over 60 new and existing ethanol plants, Muse Stancil will deliver analysis, expertise and validation to assist Gulf Ethanol as we begin to build our first commercial cellulosic ethanol plants,” stated JT Cloud, President of Gulf. “Muse will assist us with engineering, economic modeling, feasibility studies and key industry relationships as Gulf expands beyond the development stage into construction,” he added.
Muse Stancil is composed of registered professional engineers who bring best of breed insight to this project to assist Gulf in delivering its technology reliably and efficiently. Gulf expects to partner with existing ethanol manufacturers beginning in 2008 to allow them to use low-cost cellulosic feed stocks instead of corn – a much more expensive food-based feed stock. Muse has provided services to many existing ethanol plant owners with aggregate capacity of over 6.3 billion gallons per year. They provide project developers, evaluate construction and engineering, provide detailed due diligence assessments and competitive analysis. www.musestancil.com
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. They hold an exclusive license to a cellulosic feedstock pre-processing technology that they intend to deploy in cooperation with Meridian Biorefining through a joint venture. 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
Office:
713-461-9229
Fax: 713-461-9230
ir@gulfethanolcorp.com