SOURCE: Gulf Ethanol Corp.

July 14, 2008 10:27 ET

Gulf Ethanol Opens R&D Facility

HOUSTON, TX--(Marketwire - July 14, 2008) - Gulf Ethanol Corporation's (PINKSHEETS: GFET) new R&D facility, which officially opened today, will focus on quantifying the design of their new cellulosic preprocessing system.

Bill Carmichael, Interim CEO of GFET, explained in a statement that Gulf is looking to provide increases in net ethanol yield from cellulose and will be concentrating initially on testing the machine with sorghum and corn. Recently, TX A&M agreed to provide sorghum to Gulf Ethanol. "TX A&M has been tasked by Governor Perry with the development of a strategic alternative fuels plan for Texas and cellulosic ethanol is a better, long term, feedstock than corn. Due to the obvious negative economic impact of using food-based feedstocks for fuel, a cellulosic solution is critical and Gulf Ethanol is proud to be a part of the answer," stated Mr. Carmichael.

"The opening of the new facility will enable us to determine the energy required to preprocess biomass into a fine powder that can be more efficiently treated to extract the simple sugars for fermentation into ethanol. Once the precise parameters of the systems operations are established and the efficiency increases we expect are verified by third party labs, we will be able to determine the next step, which is to scale the unit for commercial applications. Commercial applications of the unit represent a huge business opportunity for GFET," 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

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