Auburn University Study Confirms Gulf Ethanol Technology.HOUSTON -- Gulf Ethanol Corporation (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :GFET) announced today an Auburn University Auburn University, main campus at Auburn, Ala.; land-grant and state supported; opened 1859 as East Alabama Male College, reorganized 1872 as the Agricultural and Mechanical College of Alabama; became coeducational 1892; renamed Alabama Polytechnic Institute 1899, study confirming the benefits of its ethanol feedstock processing technology. Gulf Ethanol has acquired the exclusive right to a revolutionary new technology, developed by Meridian Biorefining, Inc., that creates a fungible A description applied to items of which each unit is identical to every other unit, such as in the case of grain, oil, or flour. Fungible goods are those that can readily be estimated and replaced according to weight, measure, and amount. cellulose that is far more effective as an ethanol feedstock than anything available today. Dr. Y. Y. Lee of Auburn University reports that preliminary tests of this new cellulose feedstock indicate the recovery of at least 10% more ethanol by weight and a 12% reduction in processing time. Traditionally processed feedstocks were compared to the Gulf Ethanol/Meridian product in side-by-side tests. The Company expects further testing and product refinement will confirm even greater performance enhancement from its feedstock processing technology. In addition, Gulf Ethanol's cellulose feedstock can be processed using either a batch method or a continuous flow process. "It is time for the market to know what we have been developing," noted JT Cloud, President of Gulf Ethanol. "This technology will revolutionize ethanol production in the United States by moving the industry from corn-based production to much cheaper cellulose feedstocks. Ethanol's time has come because it can now be produced with less energy input and at far cheaper prices," he concluded. Alternative biofuels constitute a critical component of America's alternative fuels policy. Market leaders include agricultural ethanol producers such as ADM See add/drop multiplexer. (language) ADM - A picture query language, extension of Sequel2. ["An Image-Oriented Database System", Y. Takao et al, in Database Techniques for Pictorial Applications, A. Blaser ed, pp. 527-538]. (NYSE NYSE See: New York Stock Exchange :ADM), Cargill and soybean soybean, soya bean, or soy pea, leguminous plant (Glycine max, G. soja, or Soja max) of the family Leguminosae (pulse family), native to tropical and warm temperate regions of Asia, where it has been processor Bunge Limited (NYSE:BG). As early efforts matured, the market quickly realized that the future of biofuels would depend on the ability to turn non-food biomass into alternative fuels efficiently. With large energy companies such as ConocoPhillips (NYSE:COP) and Exxon Mobil (NYSE:XOM XOM Exxon Mobil Corporation (stock symbol) XOM X/Open Object Management XOM OSI-Abstract-Data Manipulation API XOM Xml Object Model XOM X/Open Osi Abstract Data Manipulation ) also launching alternative fuel initiatives, Gulf Ethanol is perfectly positioned to play a leading role in the deployment of cellulosic ethanol technology throughout the alternative fuels industry. 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. For more information please visit our homepage at: www.GulfEthanolCorp.com. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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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