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W2 Energy Inc. to Form Biodiesel Subsidiary

Last update: 10:04 a.m. EDT June 30, 2008
NEW YORK, NY, Jun 30, 2008 (MARKET WIRE via COMTEX) -- W2 Energy Inc. (PINKSHEETS: WTWO), the leading worldwide provider of micro and mini waste-to-energy technology, has formed a subsidiary which produces biodiesel. The new company will build and operate biodiesel plants throughout North America.

The new plants will use magnetic pulse cavitation technology to produce the biodiesel.

"The magnetic pulse technology uses less energy, less methanol, and creates a more pure biodiesel," says Mike McLaren, CEO of W2 Energy. "We are excited to bring this new technology into the marketplace."

Biodiesel production requires large amounts of methanol. W2 Energy's biodiesel plants will not buy methanol; they will create their own methanol from on-site waste to liquid fuel plants, which will turn municipal solid waste, tires, agricultural waste or even human waste into methanol.

"On-site methanol production allows W2 Energy to produce inexpensive biodiesel," says McLaren. "It also helps preserve the planet. We produce the fuel we need while getting ride of the waste we don't."

This W2 Energy subsidiary will build its first biodiesel plant in Toronto. This plant will produce 2.5 million gallons per day of biodiesel from a combination of waste vegetable oil and jatropha.

The subsidiary will maintain W2 Energy's "no fuel from food" policy and will use jatropha, waste vegetable oil and other non-food oils as feedstock.

W2 Energy seeks producers of Jatropha, Algae and Waste vegetable oils who can commit to long-term contracts.