GFET (.21) Gulf Ethanol Establishes R&D Facility
Wednesday, June 25 2008 10:04 AM, EST
Market Wire "US Press Releases "
HOUSTON, TX -- (MARKET WIRE) -- 06/25/08 -- Gulf Ethanol Corporation (PINKSHEETS: GFET) announced today that the company has established an R&D facility dedicated to refining the design of its cellulosic feedstock preprocessor. Cellulosic feedstock is used to produce ethanol from non-food products.
The new facility will be focused on enhancing the system for commercial delivery as a solution for cellulosic feedstock processing in ethanol production. Equipment and feedstocks are being acquired to analyze the throughput capacity, energy requirements, and scalability of the system. Gulf Ethanol intends to show that its equipment can improve the efficiencies of cellulosic feedstock and provide ethanol producers with an alternative to corn. Initial experiences with components of the system lead the company to believe that the system will significantly improve process times and net ethanol yield from cellulosic feedstocks
An ethanol production plant, capable of producing fifty million gallons of ethanol per year, is projected to continuously require the equivalent of a truckload of sorghum every five minutes. Initial experiences with components of the system indicate that large quantities could be processed with cost effective energy consumption. The focus of the R&D facility will be to quantify the precise parameters of the systems operations and evaluate the engineering requirements to scale the unit to handle the quantities of feedstock that a commercially viable cellulosic ethanol plant would require.
The establishment of the new R&D facility comes in the wake of the announcement on 15 April 2008 that Gulf Ethanol was acquiring the preprocessing system. "This is a huge business opportunity for Gulf and is one of the key elements to increasing cellulosic ethanol production in America," said Bill Carmichael, Interim CEO of GFET.
About Gulf Ethanol Corporation
Gulf Ethanol is an alternative energy company focused on the development of 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.
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CONTACT:
William Carmichael
1240 Blalock Road, Ste. 200
Houston, Texas 77055
Office: 713-461-9229
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