(1888PressRelease)
October 29, 2007 - Ca, USA- Global Fuels AltE, LLC, A development stage bio-fuels producer announced plans to build state’s first Integrated Bio-Refinery.
The site is on 474 acres located near Mojave, Kern County, Ca. “The proposed Destination Site holds great potential for the state with the highest demand for biofuels” said Gary Chatman, Managing Partner of Global Fuels AltE, LLC.
The state-of the-art facility expects to initially house a 55 MGPY grain fed ethanol module expanding to a 220 MGPY Multi-feedstock platform. Green technologies intend to be employed, specifically focused on energy usage; feed stocks and reducing the carbon foot print.
Plans for the Mega Project has been in the works for 2 years and with $100.00 oil a “When” situation, new feedstock technologies and improved operating efficiencies, the timing is right. “We can make a positive difference,” said Tom Byrne, project manager.
This aggressive project is being positioned as a “win-win” opportunity for the area and the state. At full operations, the project may bring as many as 200 additional jobs to the area as well as additional tax revenues.
The company has partnered with world-class industry leaders, Cargill Corporation and Delta T Corporation to develop the project. The company anticipates completing the 1st round funding in the 1st quarter of 2008 with plans to be online by 4th quarter of 2009.
Safe Harbor
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This information sheet may contain forward-looking statements that involve known and unknown risks. Such forward-looking statements include statements as to our plans to expand, the results of strategic initiatives, the anticipated performance of management, the impact of competition and other statements containing words such as "believes," "anticipates," "estimates," "expects," "may," "intends," and words of similar import or statements of management's opinion.
These forward-looking statements and assumptions involve known and unknown risks, uncertainties and other factors that may cause the actual results, market performance or our achievements to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements
Ron Brewer, Managing Director
Southbridge Business Resources
406 South Boulder, Suite 820
Tulsa, OK 74103
(918) 599-9251, Ext. 202
(918) 295-9903, Fax
www.sbri.biz
www.globalfuelsalte.com
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