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GreenFuel Technologies Corporation Delivers Field Trial System to First Commercial Customer

Posted on: Tuesday, 13 September 2005, 09:00 CDT

GreenFuel Technologies Corporation, a privately held company providing emissions-to-biofuels(TM) conversion services to power plants and industrial facilities, today announced it has delivered its first Advance Module(TM) to a large electricity generating customer.

The Advance Module is scaled to provide a practical demonstration of GreenFuel's trademark emissions-to-biofuels system, which uses naturally occurring, nontoxic, photosynthetic algae to convert up to 86% NOx and 40% CO2 from smokestack gases into energy-rich biomass, suitable for use as a renewable fuels source.

"I'm very proud of our technology," said Dr. Isaac Berzin, GreenFuel founder and Chief Technology Officer. "But I am even more proud of the mutually beneficial business relationships we are building within the energy sector, starting with this first customer."

The field trial is scheduled to continue over a period of up to one year, in order to address seasonal variables such as climate and electricity demand. The trial will also provide plant-specific performance data for use in future expansions to a larger size pilot and, eventually, a full-scale installation.

GreenFuel President and CEO Cary Bullock commented, "We have already proven the technical feasibility of our system; this field trial will enable us to demonstrate the operational viability of the GreenFuel emissions-to-biofuels system to deliver real value to working power plants and other industrial facilities."

GreenFuel is currently in discussions with several other prospective customers interested in undertaking their own field trials of the company's system.

About GreenFuel Technologies Corporation

GreenFuel's mission is to utilize its suite of proprietary advance biotechnologies to profitably transform exhaust gases from power plants and industrial sites into renewable biofuels, worldwide. The company's patent-pending system is linearly scalable, produces no harmful byproducts, and is compatible with untreated water supplies. GreenFuel is presently negotiating facility installations domestically, as well as internationally. Funded in part by lead investor Access Industries, a global private equity investment group, GreenFuel is headquartered in Cambridge, MA. For more information visit www.greenfuelonline.com.

Source: Business Wire

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