Gulf Focuses on Energy Mandates
Monday February 25, 9:34 am ET
HOUTON--(BUSINESS WIRE)--Energy mandates continue to spread across the U.S. adding urgency to the task of alternative energy companies such as Gulf Ethanol [OTC: GFET]. In addition to Federal government mandates such as replacing 20% of transportation fuels with renewable fuels by 2020, many states are issuing mandates of their own as well.
“Government mandates continue to push markets,” noted JT Cloud, Gulf’s President. “The growth of the alternative energy is driven by the dual forces of government mandates and market demand. We stand at the crossroad of the solution to America’s energy crunch as we forge solutions for making alternative fuels from cellulosic feedstocks,” he concluded.
The development of alternative transportation fuels is important to America’s energy independence. Companies such as Archer Daniels Midland [NYSE: ADM] and Bunge Limited [NYSE: BG] have led in the development of biofuel feed-stocks. As ethanol becomes a ubiquitous source of alternative energy, most major gasoline suppliers now include ethanol in their gasoline blends. Major suppliers such as Exxon Mobil Corp. [NYSE: XOM]; British Petroleum, [NYSE: BP] include ethanol in most current gasoline blends sold across America, and demand for ethanol is expected to continue to increase.
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. The Company is focused on the procurement and development of cellulosic ethanol technologies. 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.
Contact:
Gulf Ethanol Corporation, Houston
JT Cloud, 713-461-9229 (Office)
ir@gulfethanolcorp.com
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Source: Gulf Ethanol Corporation
