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Diversified Ethanol A Division of Originally New York, Inc Increases Production Capabilities Due to Demand.


CHICAGO -- Originally New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
, Inc (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
:ONYI) is making plans to accommodate the production of up to one ethanol ethanol (ĕth`ənōl') or ethyl alcohol, CH3CH2OH, a colorless liquid with characteristic odor and taste; commonly called grain alcohol or simply alcohol.  plant per month. Competitors currently have a 3 year waiting list, so the company has again reorganized re·or·gan·ize  
v. re·or·gan·ized, re·or·gan·iz·ing, re·or·gan·iz·es

v.tr.
To organize again or anew.

v.intr.
To undergo or effect changes in organization.
 its production facilities. Additional equipment has been added, and the company is interviewing potential recruits from larger ethanol manufacturing companies to begin a possible 24-hour schedule if needed.

Diversified Ethanol is located in Iowa, U.S.A., which is the state leaping ahead of the rest in ethanol production. Iowa is producing 3.8 billion liters of ethanol per year, and plans to double that production to 7.6 billion liters per year. This translates to 1.5 billion Euros in 2006, which could go up to 3.3 billion Euros with the new production and a 10% price increase. Location in Iowa is a good thing for Diversified Ethanol because it is right in the middle of the ethanol excitement.

The demand for ethanol has been increasing quickly, similar to when the demand for oil increased. Oil companies have seen their stocks rise because of this demand. As ethanol consumption grows and continues its increasingly legislated growth in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , there is demand for many more local ethanol plants, new technology, and related ethanol systems. Diversified Ethanol will design, manufacture, sell, and operate all of these.

The US produced 16 billion liters of ethanol in 2005, and 20 billion liters in 2006, and is still importing ethanol to meet its growing demand. This is about 3% of the gasoline gasoline or petrol, light, volatile mixture of hydrocarbons for use in the internal-combustion engine and as an organic solvent, obtained primarily by fractional distillation and "cracking" of petroleum, but also obtained from natural gas, by  consumption. The US plans to have 7.4% of the gasoline consumption become ethanol by 2012, according to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 some sources. The government has continued to mandate more ethanol blending, and with the new House of Representatives, it is expected to pass aggressive legislation that favors ethanol.

New Energy Finance, a research firm in London, predicts that the renewable energy Renewable energy utilizes natural resources such as sunlight, wind, tides and geothermal heat, which are naturally replenished. Renewable energy technologies range from solar power, wind power, and hydroelectricity to biomass and biofuels for transportation.  sector will swell from a 30 billion Euro industry to a 120 billion Euro industry over the next decade. Blackrock's New Energy Fund, based in Luxemburg, has quickly grown to 3.1 billion Euros and has shown gains of 22% as opposed to Morgan Stanley To comply with Wikipedia's , the introduction of this article needs a complete rewrite.  Capital International's 14%.

For more information about Diversified Ethanol, please visit the company web site at www.diversifiedethanol.com.

This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
 within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
COPYRIGHT 2006 Business Wire
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Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Nov 22, 2006
Words:548
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