Alternative Energy Technology Center will produce ethanol for $1 a gallon...no corn

[masmdu]

Good News!

http://www.agprofessional.com/show_story.php?id=51341

Alternative Energy Technology Center Inc. announced today its plans to produce ethanol for the U.S. market at less than $1 per gallon. AETE will refine biomass into fuel products using its exclusive technology.

[opihimoimoi]

1. Unless its millions of gallons in 1 day...forget it...

[masmdu]

2. Ok ..Nevermind...don't even try...just forget it...

Geeze

[appleannie1]

3. I hope the big boys in the oil business do not

squash this the way they have squashed really fuel efficient cars for year now.

[TheFarseer]

4. watch the Feds pass a law against it

after a huge influx of cash to their campaigns from Big Oil and Corporate Farming Interests. I hope they can pull it off though and it's half as good as it sounds.

[NickB79]

5. I'll believe it when I see it

They made the same claims about corn-based ethanol a decade ago, and we've all seen how that turned out.

BTW, is it $1/gal before or after the $0.51/gallon subsidy the government pays in for ethanol?

[papau]

6. New CEO in 08 - new corporate structure - new plans (design) - details below

1. Completed the initial design phase of its Cellulosic Ethanol - Esterified Lignin to Gasoline Unit. This vertically integrated biorefining unit will take advantage of proprietary technology using flexible feedstocks such as forestry waste, dedicated feedstock grasses, sawdust, sorghum and corn stover.

"AETC's integrated technologies provide the ability to convert cheap, abundant cellulosic plant material into a variety of fuel products that will allow us to efficiently address a part of America's energy needs," stated Brown Marks, President and CEO. "America's energy future must be built on renewable fuels that can be produced at a lower cost and the company's vertically integrated biorefining technology delivers the answer to this pressing need," he concluded.

Building on its recent acquisition of Meridian Biorefining, Inc., AETC expects to extend the Cellulosic Ethanol - and Esterified Lignin to Gasoline Unit with a fully functional BioCrude Process Unit. The combination of these proprietary technologies will produce the first fully functioning commercial biorefinery in the U.S. in 2009. Oil is refined using distillation, fractionation and cracking units. AETC uses a sophisticated, energy efficient system to process biomass in a bio-aerosol form into a wide range of transportation fuels, lubricants, and chemical co-products.