SOURCE: Raven Biofuels Corp.

December 14, 2009 09:00 ET

Raven Biofuels Announces New Developments for Its Cellulosic Ethanol Biorefinery in Mississippi

ATLANTA, GA--(Marketwire - December 14, 2009) - Raven Biofuels International Corporation (PINKSHEETS: RVBF) ("Raven" or the "Company") is pleased to announce the final stages of evaluation of a site and other developments for its planned cellulosic ethanol biorefinery located in the Gulf Opportunity Zone (GO Zone) of Mississippi.

The proposed site for the biorefinery is located in Ackerman, MS in Choctaw County in the Red Hills EcoPlex an ecological industrial park. The site is beneficially located adjacent to the Red Hills Power Plant that could supply the necessary steam and power for the biorefinery.

About the Red Hills EcoPlex

The Red Hills EcoPlex is an industrial ecology project comprised of 137 acres, created to build a network of environmentally friendly industries around the anchor tenants, the Red Hills Power Plant and the Red Hills Mine, to maximize community benefits. Companies that locate in the Red Hills EcoPlex might participate in exchange of by-products, whereby one company's by-product becomes another company's source of energy or another product. Given the right mix of tenants, the EcoPlex mimics a natural, efficient ecosystem. By working together, the community of businesses sees a collective benefit that is greater than the sum of individual benefits each company would realize by only optimizing its individual performance.

Companies locating in the EcoPlex may qualify for State or Federal environmental technology grants and regulatory allowances, as well as incentive programs based on industrial ecology, energy efficiency, and environmental design.

The 35-acre site offers regional benefits such as favorably lower feedstock and labor costs combined with strong State incentives such as The Gulf Opportunity Zone (GO Zone). The feedstock to be utilized for the biorefinery will be locally sourced wood chips and wood waste. In association with the GO Zone initiatives the project plan also includes development groundwork for a cogeneration facility to be undertaken in cooperation with local utilities. The Gulf Opportunity Zone Act was passed into law on Dec 21, 2005 as an initiative to rebuilding the region devastated by multiple hurricanes (Wilma, Rita and Katrina) in 2005.

Alan Bates, Executive Director of the Choctaw Economic Development Foundation commented, "We are happy to be able to support Raven in its efforts to build a biorefinery in our county. We look forward to the potential job creation and several other direct and indirect economic benefits to the region. We believe the Red Hills EcoPlex is a perfect location since it was planned as an environmentally friendly industrial park."

John Sams, President of Raven, said, "Raven is encouraged by the support it has received from Choctaw County and the state of Mississippi. The site we have selected is ideal for a biorefinery to benefit from favorable wood and labor costs."

The proposed biorefinery will have a planned output of up to 33 million gallons per year (MGPY), based on a projected 21 MGPY of fuel grade ethanol and 12 MGPY of specialty organic chemicals, plus lignin cake.

About Raven Biofuels International Corporation (PINKSHEETS: RVBF)

Raven Biofuels is a clean energy technology company focused on developing technologies to produce transportation fuels and green chemicals from waste or biomass. Raven plans to build integrated biorefineries using proprietary technology. For more information visit: email us at or call 1-866-929-7823.

Notice Regarding Forward-Looking Statements

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, including without limitation those statements regarding the ability of Raven Biofuels International Corporation ("Raven" or the "Company") to construct any ethanol plants or proceed with the commercialization of its technology or that it will be able to exploit, develop, acquire, finance, operate, or make profitable, any of the commercial opportunities discussed or described herein. These forward-looking statements are not historical facts and can be identified by the use of forward-looking words or phraseology such as "believes," "expects," "may," "intends," "anticipates," "plans," "estimates," and analogous or similar other expressions intended to identify such forward-looking statements. Actual results could differ materially from those reflected in such forward-looking statements. Raven and its principals will not assume any obligation to update any of the forward-looking statements to reflect any events, facts, or circumstances that may arise other than as may be required by applicable law or regulation.

Contact Information