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Breaking News - 11/06/2008 |
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CleanTech Biofuels Inc. recently acquired a patent from World Waste Technologies to transform pulp and paper products into cellulosic feedstock to create alternative energy. This should prove to be extremely beneficial and potentially very lucrative in terms of fuel production considering that nearly 40% of all waste is made up of paper products.
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CleanTech Biofuels Applauds Missouri for Adopting Mandatory Renewable Portfolio Standards!
CleanTech Biofuels, Inc. (OTCBB: CLTH) should have investors watching this stock closely. Yesterday after the markets closed, the company issued a press release announcing that it applauded the adoption of Proposition C, Renewable Portfolio Standards, in Missouri.
This "Missouri Clean Energy Initiative" requires the state's three large investor-owned utilities to get 15 percent of their electricity from renewable sources by 2021. With Missouri's adoption of these new standards, more than half the states in America have adopted Renewable Portfolio Standards.
Passage of this initiative tightens the voluntary standards that the Missouri legislature passed last year, which require companies only to make "good-faith efforts" to reach a goal of 11 percent renewables by 2020.
The overwhelming support for this initiative among the voting public and even the utilities industry proves that the American public and the energy industry are strongly in favor of developing local sources of energy. In Missouri the new law passed with over 66% of the votes cast in favor of adoption. Ameren UE and Empire District Electric Company, two of the largest utilities in the state officially remained neutral on the initiative, while Kansas City Power and Light supported it.
CleanTech is currently implementing its technology for producing renewable biomass from municipal solid waste at a commercial site in Chicago, Illinois and is evaluating a number of additional sites for commercial development.
Investors are urged to continue to monitor the progress of the company!
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Company Snapshot |
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CLTH Is Turning Household Trash Into Fuel
CleanTech Biofuels is developing a set of technologies that, when combined, are capable of converting the cellulosic material in municipal solid waste into ethanol. Our unique technology package positions us to be the industry leader in using municipal solid waste (MSW) as the primary feedstock for energy production. Municipal Biorefineries developed using our technology will:
- Reduce the costs of transporting waste long distances for disposal.
- Dramatically reduce pollution released into the environment by the disposal of municipal solid waste.
- Reduce the amount of material going into landfills by as much as eighty five percent.
- Increase the amount of recyclable materials that can be recovered from municipal solid waste.
- Generate biofuels and other usable energy products at competitive prices.
By using the existing infrastructure for municipal solid waste collection and disposal to collect biomass at a low or negative feedstock cost, CleanTech will achieve profitability quickly relative to other cellulosic ethanol producers who must develop their infrastructure to collect and transport more expensive feedstocks such as switchgrass, wood waste, or corn stover. Moreover, biomass derived from garbage will not be subject to increases in commodity prices that plague producers currently manufacturing ethanol from corn.
MSW dumped in landfills contains everything from refrigerators to recyclable materials to yard waste. Of this material about 50% to 60% is cellulosic material that can be converted into energy products.
CleanTech technologies have the potential to drastically reduce the amount of waste currently disposed of in landfills while simultaneously providing a source of locally produced energy.
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Why Consider CLTH? |
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CLTH represents a opportunity into the Alternative Energy Industry
The new U.S. Renewable Fuels Standard calls for the production of 36 billion gallons of biofuels-mainly ethanol and biodiesel-annually by 2022, with 21 billion gallons coming from so-called "advanced biofuels," which can be produced using a variety of new feed stocks and technologies. Of this, roughly 16 billion gallons is expected to be from "cellulosic biofuels," derived from plant sources such as trees and grasses.
CLTH has compelling economic, political and eco friendly elements ALL making this a potentially huge winner:
- Oil soaring - need lower cost fuels
- All parties unified in exploring and funding alternative fuel sources
- Reducing land fills has major potential impact on the reduction of carbon emissions
CleanTech Biofuels, Inc. is developing a technology set, consisting of patented technology capable of converting municipal solid waste (MSW) into cellulosic ethanol. CleanTech continues to pursue leading edge technology and believes its licensed patented technology will prove to be the most efficient and reliable process. CleanTech believes by using the existing infrastructure for collecting municipal solid waste to derive its feedstocks, it will be able to commercialize cellulosic ethanol production more quickly than any other celluosic ethanol technology currently being developed.
With the recent addition of the cutting edge technology from the University of California Berkley, Cleantech believes that its hydrolysis process for producing ethanol from cellulosic waste streams will produce ethanol at a much lower cost than from grain or other agricultural feedstocks. MSW is increasingly becoming a problem for many US cities and regions and CleanTech's technology could reduce the material going into landfills by as much as 85%, with the added benefit of increasing the amount of recyclables that can be recovered from municipal solid waste..
With the price of oil experiencing tremendous volitility and recent enacted legislation combined with continuing high prices for energy will result in a demand and production of ethanol that will be impossible to satisfy solely with ethanol from agricultural products like corn and sugar cane ethanol. According to the recently passed Energy Independence and Security Act of 2007, the US is to be producing 36 billion gallons of ethanol per year by 2022, of which 21 billion gallons is required to be advanced biofuels, such as cellulosic ethanol.
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Company Highlights |
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Exclusive Licenses
CleanTech Biofuels, Inc. holds exclusive licenses to a suite of technologies that offer significant advances in converting municipal solid waste (MSW) into ethanol and other energy products. The first of these technologies involves the treatment of MSW at temperature and pressure in order to convert the cellulosic material into a homogenous cellulosic fuel feedstock, recover other valuable byproducts, and dramatically reduce the volume of waste materials that must be sent to landfills. The companion technology converts the recovered cellulosic feedstock into C5 and C6 sugars that are fermentable into ethanol.
CLTH is also currently developing exclusive license to produce ethanol from municipal garbage using a dilute acid hydrolysis process that converts the cellulosic feedstock into fermentable sugars. This combination of technologies will allow the Company to be a low-cost producer of cellulosic ethanol from municipal garbage.
Because of their unique focus on using municipal garbage as feedstock for energy production, CLTH has been, and expect to continue to be, presented with opportunities to joint venture, license or acquire other technologies that can utilize part of the material in municipal garbage for energy production. The company intends to develop additional complementary technologies that can piggyback on their core system with a goal of being able to convert as much of the municipal waste stream as possible into clean fuels.
The United States produces over 200 tons of Municipal Solid Waste (MSW) every year.
Biofuels, as well as other renewable energy sources, will continue to play an important role in meeting the world's huge appetite for energy and in slowing the rapid depletion of the world's fossil fuel reserves.
According to the recently passed Energy Independence and Security Act of 2007, the US is projected to be a producer of 36 billion gallons of ethanol by 2022, of which 21 billion gallons is required to be advanced biofuels, such as cellulosic ethanol.
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