SOURCE: Gulf Ethanol Corp.

June 16, 2008 09:40 ET

Gulf Ethanol Announces Completion of Cellulosic Preprocessor for Ethanol

HOUSTON, TX--(Marketwire - June 16, 2008) - Gulf Ethanol Corporation (PINKSHEETS: GFET) announced today that the fabrication of its prototype machine for preprocessing cellulosic feedstock has been completed by Vortex Ventures (www.vortexventures.com).

Preprocessing cellulosic feedstock is a key element in the manufacture of ethanol. By reducing plant material into a fine powder it should be possible to enhance the efficiency in subsequent ethanol processing stages. GFET and Vortex Ventures are working together to develop the cellulosic preprocessing system for ethanol applications. Gulf Ethanol has the exclusive right to distribute the units.

"We have begun to source various feedstocks so that evaluation can begin as soon as the set up of the unit at our test site is completed. Financing for the preprocessing unit was completed earlier this month and a test site was acquired last week. Our consulting engineers believe that we will be able to run our first batch of test material by mid July," said Bill Carmichael, Interim CEO of Gulf Ethanol.

GFET has sourced hardwood sawdust, wet and dry sorghum, hay, switchgrass and other cellulosic materials for testing. "Initially, we want to determine the operational parameters required to preprocess various materials. Then the cellulosic materials will then be tested to determine the efficiencies that may be gained from our preprocessing. Additional testing will be done to determine energy requirements, throughput capacities, and scalability," concluded Mr. Carmichael.

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 visit our homepage at: 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.

Contact Information

  • Contact:

    William Carmichael
    1240 Blalock Road, Ste. 200
    Houston, Texas 77055
    Office: 713-461-9229
    Email Contact