Greetings IHubbers!
We've all been waiting for cellulose-based ethanol to become a cost-efficient reality. CleanTech BioFuels (CLTH) is on the cutting edge of the biofuels revolution. They're using patented new technology developed at the University of California at Berkeley to efficiently produce ethanol from municipal solid waste converted into sugars from cellulosic material.
This could be a terrific ground floor opportunity; things are moving fast - this just in:
"CleanTech Biofuels Finalizes Transaction with World Waste Technologies ...
"--(USEquityNews)-- 10/29/2008 - (CLTH), formerly a sublicensee of World Waste Technologies' patent (U.S. Patent No. 6,306,248 ...), announces that it has acquired that patent. CleanTech Biofuels is now able to file new United States and international patents based on the combined technologies described in the patent and those of Biomass North America Licensing. CleanTech CEO, Ed Hennessey, noted, "We are very excited to have completed this transaction, as this acquisition creates many new opportunities for our company."
Here's some more details from a message board post:
"CleanTech has, for the first time, satisfactorily tested the technology and associated equipment for efficiently generating fermentable sugars from municipal solid waste. The patented technology uses nitric acid, versus the more common sulfuric or hydrochloric acid, for hydrolyzing cellulosic material. CleanTech believes that nitric acid hydrolysis represents the cutting edge of current technology in the cellulosic ethanol industry. These fermentable sugars can then be processed into ethanol.
"The advantages of turning waste directly into ethanol are significant:
"- It offers a non-fossil fuel source that has an already existing supplier, avoiding agricultural and food supply issues.
- It reduces pollution released into the environment by the disposal of municipal solid waste.
- It reduces the amount of material going into landfills by as much as eighty five percent.
- It generates biofuels and other usable energy products at competitive prices."
