The Alternative Energy Technology Center, Inc. (OTC:AETE) announced on March 17 its plans to produce ethanol for the
Most new automobiles built in the
"One dollar ethanol will allow us to operate profitably without government subsidies or incentives," noted Brown Marks, AETE's president. "We expect to produce over 100 gallons of fuel per ton of cellulosic biomass which costs about $65 in today's market," he stated. "We have designed our technology to use low cost feed stocks that are widely available at low cost. We use a low energy input design to increase efficiency and we can place our plants wherever there is abundant biomass available," he concluded.
The Company: The Alternative Energy Technology Center, Inc. (OTC:AETE), based in The Woodlands, TX, is a technology company focused on biofuels and alternative energy technologies. It is developing the first true biorefinery in the
For more information, please visit our homepage at: www.AltEnergyTechCenter.com