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Breaking News - 11/18/2008 |
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CleanTech Biofuels Enters Into Alliance Discussions for Expansion Into France!
There is more important breaking news coming from CleanTech Biofuels, Inc. (OTCBB: CLTH), and the company should once again have investors watching this stock closely. Yesterday after the markets closed company issued a press release announcing that it has begun exploring opportunities to implement its technology in France with the assistance of the French government economic development arm, the Invest in France Agency.
Good news for the company! This significant development signals CleanTech's expansion into international markets, starting with France which is already recognized as a leader in promoting alternative energy technologies and the reduction of carbon emissions. The recent Grenelle de L'environment forum arranged by the French Government has called for an even greater investment in renewable energy in the near-term future, making it an idea country for CleanTech to partner with as it expands abroad.
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, Inc. is a development stage company with technology that the company believes is capable of converting municipal solid waste into ethanol and other products. By using the existing infrastructure for municipal solid waste collection and disposal to collect biomass at low or possibly negative feedstock cost, the Company expects to achieve profitability quickly relative to other energy producers who must develop their infrastructure to collect and transport more expensive feedstocks such as sugar cane, corn or even switchgrass, wood waste, or corn stover.
- 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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