Date: May 7, 2008
Source: CleanTech Biofuels, Inc.
CleanTech Biofuels, Inc. Announces First Phase of its Municipal Solid Waste to Ethanol Project Is Now Operational
CleanTech Biofuels, Inc. (OTCBB: CLTH) has announced today that the equipment purchased from the University of California at Berkeley is now in place and operational. Testing of cellulosic feedstocks has begun.
CleanTech is excited to begin this testing and about the potential impact of our technologies for the reduction of garbage being disposed of in landfills worldwide. It is estimated that Americans produce 4.4 pounds of waste per day, or 229 million tons of trash annually nationwide. This waste represents a virtually endless source of cellulosic feedstock for the production of biofuels that potentially will be available to CleanTech at almost no cost, and in some locations at a profit.
The waste disposal crisis in this Country, coupled with the Energy Independence and Security Act of 2007 which dictates that production of ethanol in the United States reach 36 billion gallons per year by the year 2022, of which 20 billion gallons per year is required to be produced from feedstock sources other than corn, positions CleanTech Biofuels to be a leader in the cellulosic ethanol industry.
CleanTech Biofuels, Inc.
CleanTech Biofuels, Inc. is a development stage company that is developing cutting edge waste to clean fuel technologies. We have licensed and are developing our core patented technologies which, when combined, can be used to convert the cellulosic material in municipal solid waste, green waste, and other cellulosic waste materials into fermentable sugars for the production of ethanol.
Our unique technology package positions us to be the industry leader in using municipal solid waste (MSW) as the primary feedstock for energy production. Municipal biorefineries developed using our technology have the potential to:
Reduce the costs of transporting waste long distances for disposal.
Dramatically reduce pollution released into the environment by the disposal of municipal solid waste.
Reduce the amount of material going into landfills by as much as eighty five percent.
Increase the amount of recyclable materials that can be recovered from municipal solid waste.
Generate biofuels and other usable energy products at competitive prices.
We believe that our combined technologies will enable the production of ethanol from cellulosic waste streams at a lower cost than from grain or other agricultural feedstocks. Our combined technologies will avoid the immense consumption of water and farmland that plague grain ethanol producers, with the added benefit of recycling garbage and reducing the amount of waste disposed of in landfills by as much as ninety percent.
By focusing on cellulosic biomass produced from curbside garbage where an existing collection and disposal infrastructure has existed for many years, our business model presents substantial economic advantages relative to other models dependant on agriculturally derived feedstocks or wood waste for the production of cellulosic ethanol.
Note: Except for the historical information contained herein, this news release contains forward-looking statements that involve substantial risks and uncertainties. Among the factors that could cause actual results or timelines to differ materially are risks associated with research and clinical development, regulatory approvals, supply capabilities and reliance on third-party manufacturers, product commercialization, competition, litigation, and the other risk factors listed from time to time in reports filed by CleanTech Biofuels, Inc. with the Securities and Exchange Commission. Any forward-looking statements contained in this news release represent judgments of the management of CleanTech Biofuels, Inc. as of the date of this release.