Syntec Biofuel Inc.
OTC Bulletin Board : SYBF

Syntec Biofuel Inc.

August 28, 2009 09:00 ET

Syntec Biofuel Disturbed by Headlines in Wall Street Journal: "US Biofuel Boom Running on Empty"

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 28, 2009) - Syntec Biofuel Inc.'s (OTCBB:SYBF) CEO Michael Jackson addressed the front page headlines in yesterday's WSJ "US BIOFUEL BOOM RUNNING ON EMPTY". Jackson is concerned with the impression given out by the media that all Biofuel technologies are equal, which is not true.

As a quick lesson Jackson explains, "Biodiesel is typically made from edible oils such as soy, canola, palm etc. which have impact on food and Biodiesel pricing as commodity prices increase. Ethanol has historically been produced from sugarcane and corn via fermentation, again with ethical issues around food and land. Ethanol can also be produced by converting cellulosic biomass into sugars followed by fermentation. Syntec Biofuel's technology is based on a simple thermo-chemical process which gasifies sustainable, low cost MSW, wood and agricultural waste and produces a syngas which is reacted with Syntec's patent pending Catalysts to produce not only Ethanol but biomethanol and other high value alcohols such as propanol and butanol. We are confident that, having the ability to produce 4 alcohols at under 88c a gallon, we can hedge against the vagaries of biofuel price fluctuations." Mr. Jackson believes that 2nd generation thermo-chemical technology is the wave of the future as it is ethically, economically and ecologically superior. Syntec expects to commercialize their technology in 2010.

About Syntec Biofuel: Syntec Biofuel is a Washington State corporation, based in Vancouver, British Columbia, Canada.

Forward Looking Statements

This press release contains forward-looking statements that are subject to certain risks and uncertainties. Although we believe that the expectations reflected in any of our forward-looking statements are reasonable, actual results could differ materially from those projected or assumed. We caution potential investors not to invest until they have done proper due diligence. Some of the risks and uncertainties include: our ability to achieve commercialization, the social, political and economic risks of our operations; changes to existing regulations or technical standards; existing and future litigation; our ability to protect our intellectual property rights and exposure to infringement claims by others; and compliance with environmental, health and safety laws. Our future financial condition and results of operations, as well as any forward-looking statements are subject to change and inherent risk and uncertainties. Other important factors that may cause actual results to differ materially from those expressed in forward-looking statements are contained periodic reports on Forms 10-K, 10-Q and 8-K as filed with the Securities and Exchange Commission.

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