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Alcar Chemicals Group Signs Memorandum of Understanding

MONTREAL, May 16, 2006 (MARKET WIRE via COMTEX) -- Alcar Chemicals Group Inc. (OTC: ACMG) announces today that it has received, signed and accepted a memorandum of understanding from A-M Polymer Industries Ltd. for equipment acquisition and licensing. The details are presently being discussed.

"A-M Polymer Industries is a longstanding customer who has been purchasing our polymer resins for over 6 years," said Alexander Cavasin, CEO of Alcar Chemicals Group. "Mr Terki, CEO of A-M Polymers, has announced the intention of acquiring formulation equipment and licensing our technology with exclusivity for the Middle-East. We are now discussing licensing terms and I am expecting results very shortly. This could easily become a USD $10M yearly contract," further added Mr. Cavasin.

About Alcar Chemicals Group

The Alcar Chemicals Group (OTC: ACMG) represents a significant market opportunity due to a serious worldwide supply shortage of raw materials for polymers as well as an increased requirement for ethanol and biodiesel. ACMG has been concentrating on innovative methods for biomass valorisation for the past decade, specifically petroleum-independent fuel and plastics resin production. Its proprietary technology represents today's most economical and advanced manufacturing process for plastic raw materials, ethanol and bio-diesel, allowing production at cost savings of up to 40% when compared to current production methods.

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