SOURCE: W2 Energy Inc.

June 18, 2008 10:27 ET

W2 Energy Inc. to Pursue Biodiesel Market

NEW YORK, NY--(Marketwire - June 18, 2008) - W2 Energy Inc. (PINKSHEETS: WTWO) (FRANKFURT: WJD), a waste-to-energy and renewable energy company, is pleased to announce its entry into the biodiesel market.

W2 Energy builds waste-to-energy plants which convert municipal solid waste, tires, agricultural waste, human waste and coal into electricity and syndiesel.

"We can take our syndiesel, mix it with biodiesel, and make high quality diesel with excellent lubricity and temperature specifications," says Mike McLaren, CEO of W2 Energy. "We can also produce methanol with our waste-to-energy plants. The cost of methanol keeps going up. We can make our own methanol for biodiesel production and make biodiesel less expensively than the competition."

For its biodiesel operations, W2 will not use food as feed products or feedstock.

"We will use jatropha, other non-food vegetable oils and waste vegetable oils," says Mike McLaren. "W2 will not make fuel out of food. It's our policy."

W2 Energy's new fuel blend of syndiesel and biodiesel will have specifications equal to or better than today's B20 using petroleum products.

W2 Energy seeks joint venture partners with and without existing biofuels production capabilities. W2 also seeks producers of Jatropha, Algae and Waste vegetable oils who can commit to long term contracts.

"We believe we have great technology and a marketplace hungry for an all renewable, non-food, diesel product. Now we are looking for the right companies to share our vision," added Mike McLaren.

According to the Commission of the European Communities, the EU consumed approximately 874 million gallons of biodiesel in 2005 (a 1.6% share of the EU diesel market), 1.6 billion gallons in 2006 (2.6% of the market), and according to the USDA, is projected to consume 3.0 billion gallons (3.0% of the market) in 2008.

About W2 Energy Inc.

W2 Energy Inc. is a growing, publicly traded company that develops renewable energy technologies and applies it to new generation power systems. Specifically, W2 Energy Inc.'s plasma assisted biomass to energy plants utilize state of the art technologies to produce green energy both fuel (sulfur free diesel) and electricity at the most efficient cost in capital investment and production per/barrel, per/Megawatt.

Safe Harbor for Forward-Looking Statements: Except for historical information contained herein, statements are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the company's actual results in the future periods to differ materially from forecasted projections. These risks and uncertainties include, among other things, energy market volatility, product demand, market competition, and risk inherent to the company's research and development operations.

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