Gulf Ethanol Sees Growing Investment In Alternative Energy
Gulf Ethanol Corporation, (OTC:GFET). Cambridge Research announced this week that an estimated $7 Trillion in new investment is expected to flow into the alternative energy industry before 2030. Gulf Ethanol is positioning itself to ride this rising tide as it seeks to develop cellulosic ethanol technologies.
“We see new investment pushing alternative energy into the mainstream,” noted JT Cloud, Gulf Ethanol’s President. “Currently 6.5 percent of U.S. energy is produced using environmentally friendly technologies,” he added. “There is a major shift in public opinion under way that will make the majority of American’s clean energy consumers over the next ten years,” he concluded.
Cambridge Energy Research Associates, (CERA) noted that certain parts of the world are already experiencing the impact of advanced clean energy. In Brazil biofuels are now mainstream; in Germany photovoltaic is proliferating. Examples of investment impetus include British Airways (London: BAY.L) recent investment in New Energy through its pension fund; General Electric’s (NYSE: GE) announcement that it is doubling its renewable energy investments to $1.5 billion. About $20 billion per year is currently invested in clean energy technologies.
About Gulf Ethanol Corporation
Gulf Ethanol, (OTC:GFET) is an alternative energy company focused on the development of cellulosic ethanol technologies with a particular emphasis on Texas and the Gulf Coast. The Company is focused on the procurement and development of cellulosic ethanol technologies. For more information please visit our homepage at: www.GulfEthanolCorp.com.
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