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Gulf Ethanol Plans Aggressive Alternative Energy Programs

Posted on: Wednesday, 5 September 2007, 12:03 CDT

Gulf Ethanol Corp. (OTC:GFET) marks additional plans for alternative energy programs and retains alternative energy consulting group for further study for solar, wind and hydro powered facilities throughout the Midwest.

"Another summer of rolling blackouts decries a marketplace needing varied and reliable sources of energy," said JT Cloud, CEO Gulf Ethanol, Inc. "We believe Gulf Ethanol can offer a wide range of energy solutions not just ethanol."

The Board of Directors for Gulf Ethanol has retained a solar energy consultant and will commission further studies in the burgeoning alternative energy markets.

Technology currently exists for analyzing cost and performance of solar systems, developing parabolic trough technology for solar electricity generation, and developing advanced technologies such as concentrating photovoltaics.

First Solar (NASDAQ: FSLR) is currently making solar modules that are twice as cost-effective as the industry standard. The cost per Watt may decrease to $1 by 2010, still far ahead of its competitors.

JA Solar Holdings Co., Ltd. (NASDAQ: JASO), reported higher production and shipments and based on current market conditions and customer forecasts, raised its production forecast and revenue target for the full year 2007.

"Another clean, inexhaustible energy resource is wind," Mr. Cloud Explained. "Wind can generate enough electricity to power millions of homes and businesses and is one of the fastest-growing forms of electricity generation in the world."

The United States can currently generate more than 10,000 megawatts (MW) of electricity from the wind, which is enough to power 2.5 million average American homes. Industry experts predict that, with proper development, wind energy could provide 20% of this nation's energy needs.

About Gulf Ethanol Corporation

Gulf Ethanol Corporation, (OTC:GFET), is developing ethanol production strategies along the Gulf Coast committed to using non-food feed stocks for the production of ethanol rather than corn or sugar cane, which have now been shown to be expensive fuel sources that negatively impact food prices. For more information please visit our homepage at: http://www.gulfethanolcorp.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes,""expects,""anticipate" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.

Source: Business Wire

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