Gulf Ethanol Attends Texas A&M Field Day Event.

HOUSTON -- Gulf Ethanol Corp. (OTC:GFET) will be attending the "60thAnnual Beaumont Field Day" on July 12, 2007, sponsored by the Texas A&M University System/USDA-ARS Research and Extension Center in Beaumont, Texas.

"Gulf Ethanol is targeting the Jefferson County area as a site for a potential Bio-Energy production facility," Mr. Robert Starkey, Vice President Refinery and Plant Development, Gulf Ethanol Corp., explained. "We believe Jefferson County has a lot to offer not only in terms of ability to produce the bio-feedstock, but also the transportation infrastructure needed for distribution."

This year's theme is "Harvesting Energy." The morning program speakers include: Jeff Dahlberg, Research Director of the National Sorghum Producers, to speak about sorghums and cellulosic feedstocks; Teyy Isbell, Research Unit Leader with the USDA-ARS in Peoria, Illinois, to discuss "Potential New Crops for East Texas"; and Jankie Prince, a producer from Arkansas providing his impressions of the US farmer's ability to compete with the Brazilian Bio-Ethanol industry. Field tours starting at 8:00 a.m., and an afternoon tour on forage, sorghum, and soybean production and energy cane plots.

Rice growers are invited to attend and see firsthand the new and developing technologies that can help reduce production risk. Among the issues and technologies discussed or displayed at the field days will be bioenergy-based agricultural production, production management of new varieties, and rice agronomic and pest management. For more information about the Field Day Event, please contact Brandy Morace, [e-mail]; 409-752-2741 ext 2227.

"This is an exciting time to be a part of the budding Alternative Energy Industry," JT Cloud said. With U.S. corn growers producing around 11 billion bushels of corn a year, more than 25 percent of that will go to ethanol production by the end of 2008," he continued. "Ethanol producers and distillers must find economically stable sources of feedstock if ethanol is to remain as the nation's leading alternative fuel. That's why we are targeting sorghum production near Beaumont."

According to USDA Chief Economist Keith Collins, 14 percent of the corn crop went into ethanol production last year. He says that number will rise to about 20-percent this year. The large corn acreage report and the improving outlook for ethanol pricing, driven by strengthening crude-oil prices will likely add support to companies like Gulf Ethanol Corporation, Archer Daniels Midland (NYSE:ADM), and Pacific Ethanol, Inc. (NASDAQ:PEIX).

According to the BioEnergy Alliance for Southeast Texas, Southeast Texas is an ideal choice for public and private investment into alternative energy, particularly ethanol and bio-diesel production. In addition to the infrastructure to support world class refining production, the region also has a vibrant agricultural economy.

Southeast Texas contributes 19% of the state's 13.3B in agricultural revenue. Beaumont and the surrounding region enjoy access to one of the largest and most active deepwater ports in the U.S., with a world-class concentration of petrochemical and energy industries with their associated support services, supplying nearly 6.5% of the nation's gasoline and 10% of the nation's diesel fuel.

Texas A&M Agricultural Research and Extension Center is one of the leading agricultural education facilities in the nation.

About Gulf Ethanol Corporation

Gulf Ethanol will produce, distribute, and blend biofuels. Headquartered in Houston, Gulf Ethanol began as an importer of ethanol based fuel for blending operations from South America and the Caribbean Islands. For more information please visit our homepage at: www.GulfEthanolCorp.com.

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