SOURCE: Gulf Ethanol Corp.

June 18, 2008 07:30 ET

Gulf Ethanol Unveils New Technology

HOUSTON, TX--(Marketwire - June 18, 2008) - Gulf Ethanol Corporation (PINKSHEETS: GFET) unveils its new biomass reduction technology. The cellulosic preprocessing system unveiled by GFET, today, was designed to reduce sorghum and other biomass into a fine powder that can be processed into ethanol more efficiently. Feedstock pre-processing is a key step toward efficient cellulosic ethanol production

U.S. energy consumption is expected to grow over 18 percent by 2030. Cellulosic ethanol, made from non-food feedstock, is expected to play a significant role in the diversification of our nation's energy sources as a key solution to help meet our growing demand for energy.

GFET's technology demonstrates the efficiency of cellulosic materials as the basic feedstock for ethanol production. The success of this project can place Gulf Ethanol in a leading role as a provider of ethanol production technology. Gulf Ethanol holds the exclusive, worldwide, distribution rights to this system.

--  Today, on a life cycle basis, ethanol produced from corn results in about
    a 20 percent reduction in Green House Gas emissions relative to gasoline.
    With improved efficiency and use of renewable energy, this reduction could
    be as much as 52 percent.
--  In the future, ethanol produced from cellulose has the potential to cut
    life cycle GHG emissions by up to 86 percent relative to gasoline.
--  Ethanol blended fuels currently in the market - whether E10 or E85 - meet
    stringent tailpipe emission standards.
--  Ethanol readily biodegrades without harm to the environment, and is a
    safe, high-performance replacement for fuel additives such as MTBE.

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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.

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

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