SOURCE: Raven Biofuels Corp.

January 06, 2010 07:00 ET

Raven Biofuels International Announces Corporate Outlook and Milestones for Q1-2010

ATLANTA, GA--(Marketwire - January 6, 2010) - Raven Biofuels International Corporation (PINKSHEETS: RVBF) ("Raven" or the "Company") is pleased to announce the company's objectives for Q1-2010.

Raven has two key projects in development today. Both projects are commercial scale (11 MGY output) designed to be scalable for future expansion. The first proposed project is in conjunction with Raven Biofuels Ltd (RBL) in BC, Canada. The proposed biorefinery location is in Kamloops, BC through a Joint Venture (JV) with the Kamloops Indian Band (KIB) called the Tk'emlups Biorefinery Project.

Goals for this project in Q1 are:

--  Complete preliminary engineering study
--  Conclude feedstock study
--  Hire key personnel
--  Finalize site agreements
--  Initiate permitting
--  Initial feedstock testing
--  Initial feedstock supply agreements
--  Sign initial off-take agreements for biorefinery products
--  Secure additional public and private funding sources
    

The second proposed project is in Mississippi. Goals for the project in Q1 are:

--  Conduct feedstock study
--  Initial feedstock testing
--  Initial feedstock supply agreements
--  Finalise site agreement
--  Identify additional public and private funding sources
    

Management believes that there are efficiencies in pursuing both projects simultaneously via shared information that can significantly reduce engineering and testing costs. Further benefits may be realized on purchasing of key components.

2010 is poised to be a defining year for the biofuels industry where ethanol is estimated to grow to 8.9% of the motor fuel supply. It is anticipated that the EPA will move the "blend wall" and grant a partial E15 waiver for 2001 cars and newer by mid-year that could affect over 50,000,000 vehicles. The EPA has stated, "Our engineering assessment to date indicates that the fuel, engine, and emission control systems on newer vehicles (2001 and newer model years) will likely be able to accommodate higher ethanol blends such as E15." It will be difficult for the EPA to gracefully backpedal from a statement like that. It is further expected that later in 2010 the EPA will issue an "all automobile" waiver. Many believe that these are key turning points for investment to flow into the industry again. Companies that have managed their way through the last few years and have improved their business models and technology will be positioned to receive this next wave of capital.

With automobiles becoming more fuel efficient and renewable fuels being developed, America is solidly on a path to energy independence. For the first time in history, America is lessening its dependence on fossil fuels and foreign oil. Energy independence is a matter of National Security and now is officially a matter of public health and welfare. "GHGs are the primary driver of climate change, which can lead to hotter, longer heat waves that threaten the health of the sick, poor or elderly; increases in ground-level ozone pollution linked to asthma and other respiratory illnesses; as well as other threats to the health and welfare of Americans," according to the EPA press statement.

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: www.ravenbiofuels.com, email us at info@ravenbiofuels.com 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