2008-05-19 23:33:48 -
- Gulf Ethanol Corporation, (OTC:GFET) addresses its goals for its cellulosic biomass feedstock preprocessing system.
The success of the U.S. bio-industry depends, to a large degree, on the quantity and quality of biomass available, and on the industry's ability to cost-effectively utilize biomass for energy production. A successful bio-refinery must have access to an adequate supply of low cost
biomass with desirable characteristics.
Gulf Ethanol plans to test its cellulosic biomass preprocessing system for capacity of preprocessing, throughput capabilities, and the performance parameters that will define scalability. The specific objectives of our preprocessing research will include efforts to quantify the equipment's capabilities with various biomass feedstocks, such as sorghum, switchgrass, stover, and sawdust. Furthermore, preprocessing tests will help us determine performance and cost of the preprocessing operation. We plan to structure our testing to further identify strategies to increase preprocessed feedstock bulk densities and to determine the drying capacity of the equipment, all critical elements in cellulosic ethanol production.
The US Department of Energy goal is to determine if feedstock costs can be reduced to $35.00 per ton of biomass. To achieve this the market needs feedstock preprocessing to allow for the creation of smaller particles and for dry storage. These milestones will increase ethanol yield and extend the shelf life of feedstock.
GFET's technology is expected to address both of these challenges by processing feedstock into very small dry particles for processing.
About Gulf Ethanol Corporation
Gulf Ethanol is an alternative energy company focused on the development of the cellulosic ethanol industry with a particular emphasis on Texas and the Gulf Coast. For more information please review our disclosure documents at www.pinksheets.com: www.GulfEthanolCorp.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act 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.
Gulf Ethanol Corporation, Houston
William Carmichael, 713-461-9229
ir@gulfethanolcorp.com