Alternate Energy Holdings (AEHI) Will Produce Ethanol for Below $1.00 Per Gallon
Posted on: Thursday, 17 May 2007, 18:00 CDT
LYNCHBURG, Va., May 17 /PRNewswire-FirstCall/ -- Alternate Energy Holdings (Pink Sheets: AEHI) announced recent research that indicates its proposed Idaho Energy Complex (IEC) will have the capabilities to generate ethanol for less than $1.00/gallon, depending on feedstock used. Current ethanol production costs, including a $0.51 federal credit per gallon, are approximately $2.00/gallon. Since the IEC will use excess heat from its commercial nuclear power plant for distillation, there will be virtually no energy component to its ethanol production costs -- drastically reducing the wholesale price. Sugar beets and potatoes, common Idaho crops, are effective feedstock for ethanol and will further minimize production overhead, while providing a market for the local agricultural community.
About Idaho Energy Complex Corporation (http://www.idahoenergycomplex.com/)
The Idaho Energy Complex, a holding of AEHI, is a proposed commercial nuclear power plant/bio-fuel generation facility to be constructed on a designated sight near Grand View, Idaho. The electricity provided by the nuclear plant would be sufficient to power Idaho's growing needs and allow the elimination of fossil fuels for current power production. Additionally, excess heat from the nuclear reactor would be used to produce ethanol and methane from local crops and agricultural waste.
About Alternate Energy Holdings, Inc. (http://www.alternateenergyholdings.com/)
Alternate Energy Holdings actively acquires private green energy companies, as well as develops and markets innovative clean energy sources. Current projects include nuclear construction, bio-fuel generation, a safe and effective system for removing carbon dioxide from coal and natural gas plants emissions, and marketable lightning harvesting technology for electricity production.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Although AEHI believes that the assumptions underlying the forward-looking statements contained herein are reasonable, there can be no assurance that the forward-looking statements included in this press release will prove accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion should not be regarded as a representation that the objective and plans of AEHI will be achieved.
For More Information: info@alternateenergyholdings.com Investor Relations Inquiries: 540-586-7470 invest@alternateenergyholdings.com
Alternate Energy Holdings
CONTACT: Investor Relations of Alternate Energy Holdings,+1-540-586-7470, invest@alternateenergyholdings.com
Web site: http://www.idahoenergycomplex.com/
Web site: http://www.alternateenergyholdings.com/
Source: PRNewswire-FirstCall
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