SOURCE: IO News Wire

IO News Wire

October 30, 2009 07:30 ET

(PINKSHEETS: AFTC) Remarks on KOGAS 340 Million Dollar Backing of DME Plant

Note To Editors: The Following Is an Investment Opinion Issued by the IO News Wire

NEW YORK, NY--(Marketwire - October 30, 2009) - Alternative Fuel Technologies, Inc. (PINKSHEETS: AFTC) remarked yesterday on the growth of dimethyl ether (DME) and the financial backing of a new Saudi Arabian DME plant backed by KOGAS.

KOGAS is the world's largest corporate buyer of liquefied natural gas; a shift to DME could show a changing view in Korea towards alternative fuels. DME made from synthesized gas is considered cheaper and cleaner then liquefied petroleum gas.

Alternative Fuel Technologies currently has contracts with the Korea Institute of Energy Research for its DME fuel pump technology.

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Other active stocks are Exxon Mobil Corp (NYSE: XOM) Evolution Fuels (PINKSHEETS: EVFL) Duke Energy Corp (NYSE: DUK)

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