SOURCE: PetroSun, Inc.

February 08, 2007 18:26 ET

Algae BioFuels Targets Alabama for BioFuel Production

PHOENIX, AZ -- (MARKET WIRE) -- February 8, 2007 -- PetroSun, Incorporated (PINKSHEETS: PSUD) announced today that Algae BioFuels, a wholly owned subsidiary, has chosen Alabama to conduct major field trials in the Gulf Coast region for the cultivation of algae in open and closed systems designed by the Company. Meetings with state officials are being scheduled for late February to determine a start date and site selection for these field demonstrations.

"Alabama has taken the initial steps to lead the nation into the future of algaeculture for biodiesel and animal feedstock production," said Gordon LeBlanc, Jr., CEO of PetroSun. "The Gulf Coast region of the United States could become the model for self sufficiency in renewable liquid transportation fuels."

Independent studies have demonstrated that algae is capable of producing 30 times more oil per acre than the current crops now utilized for the production of biofuels. The algae biomass material could also supply annually up to 100,000 pounds of animal feed per acre with a 50% protein content.

PetroSun will be posting additional information on Algae BioFuels on its website at www.petrosuninc.com.

About PetroSun

PetroSun's current operations are concentrated in the Ark-La-Tex region with plans to expand into New Mexico, Arizona, Utah and Australia in 2007. PetroSun provides a comprehensive array of products and services to the oil industry. Algae BioFuels, a wholly owned subsidiary of PetroSun, is an emerging producer of biodiesel derived from the cultivation of algae. The Company's cutting edge technologies, combined with a proven ability to apply them effectively and safely within a disciplined ROI framework, creates long term value for PetroSun shareholders and partners. PetroSun is headquartered in Phoenix, Arizona. For more information about PetroSun visit the company's website at http://www.petrosuninc.com.

Except historical matter contained herein, matters discussed in this news release are forward-looking statements and are made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect assumptions and involve risks and uncertainties, which may affect the Company's business and prospects and cause actual results to differ materially from these forward-looking statements.

Contact Information

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    (602)-487-6486