Message #27 From:
NewsBot Date: August 11, 2008 10:35:00 PM
GFET Stock: Gulf Ethanol: It Works!
Gulf Ethanol Corporation (PINKSHEETS: GFET stock)
announced today the first successful testing of its biomass preprocessor.
The prototype unit successfully processed raw feedstocks into an extremely
fine powder which will allow cellulosic ethanol producers to improve
results significantly.
"We are excited to see the first successful operation of our new
technology," noted Bill Carmichael, President of GFET. "We have evaluated
the initial results and are now ordering some design revisions that we
believe will improve the efficiency of our technology. Then we will resume
further testing," he added.
The U.S. Department of Energy states that, "The initial sizing and grinding
of biomass affects efficiencies and quality of all the downstream
operations. New technologies and equipment are required to process biomass
between the field and conversion facilities." This is the need met by our
new technology.
The U.S. Department of Energy states that, "Biomass is the single renewable
resource that has the potential to supplant our use of liquid
transportation fuels now and help create a more stable energy future. Using
our indigenous biomass resources, we can potentially fuel our cars and
provide new economic opportunities across the nation." It can be converted
to carbon-based fuels and chemicals, in addition to electric power.
America's plan to replace 20% of gasoline with biofuels within 10 years has
five steps leading from the farmer's field to the consumer's vehicle. Gulf
Ethanol's feedstock pre-processing technology fits in the feedstock
logistics portion of this plan which addresses transportation, costs and
handling of feedstocks.
About Gulf Ethanol Corporation
Gulf Ethanol is an alternative energy company focused on the development of
technology for the cellulosic ethanol industry 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.
