Syntec Biofuel Says Nestle Chief’s Warning in Food-For-Fuel Debate Will Heighten Interest in Cellulosic Biofuels

2008-04-01 09:54:00

Syntec Biofuel Says Nestle Chief’s Warning in Food-For-Fuel Debate Will Heighten Interest in Cellulosic Biofuels

VANCOUVER, BRITISH COLUMBIA–( EMWNews – April 1, 2008) – Syntec Biofuel Inc.’s (OTCBB:SYBF) President and Chairman, Michael Jackson, addressed comments made recently by Nestle’s chief executive Peter Brabeck, warning that the food industry will need to fight the biofuels industry for arable land. Jackson stated that Mr. Brabeck’s comments further illustrate the importance of thermo-chemical biofuel solutions based on the utilization of sustainable waste biomass.

Jackson said, “This is fast becoming a bitter debate with battle lines being drawn amidst a great deal of misconception. Syntec’s thermo-chemical technology has zero impact on food supplies or on arable land use, as it only uses waste biomass such as wood chips, sawdust, bark, agricultural waste, corn stover, wheat straw, etc. to produce its biofuels.

“For years, corn was cheap and fermentation processes for ethanol production came to completely dominate the biofuel industry in North America.

“Now, with corn prices well over $5 a bushel, corn ethanol economics have gone out of the window as the costs per gallon are anywhere between $1.50 and $1.90, whereas biomass derived alcohols will be in the 30 cent range.”

Syntec Biofuel utilizes a thermo-chemical process to convert low cost waste biomass into biofuels without any impact on food crops or arable land usage at all. The company has achieved a yield of 105 gallons of alcohol per dry ton with its proprietary catalysts – one of the highest yields in the world at this time.

“In the U.K., the largest capital market in the world, ethanol is getting a bad rap because of its association with food crops such as corn and wheat,” continued Jackson. “The majority of investment specialists do not realize there is a viable economic alternative to fermentation that has no adverse food production impacts.”

About Syntec Biofuel

Syntec Biofuel is a Washington State corporation, based in British Columbia, Canada. The company is a leading developer of proprietary catalysts to convert biomass into bio-alcohols. Syntec’s “B2A” (Biomass to Alcohols) process utilizes innovative technology to produce ethanol via thermo-chemical synthesis. The company does not use food crops like corn, but instead uses waste biomass or biogas, such as wood chips, corn stover, municipal waste, and landfill gas to produce ethanol. The company’s business model is to license out its technology, develop JV partnerships, and generate revenue from the sale of catalysts. More information is available online at www.syntecbiofuel.com.

Contact: info@syntecbiofuel.com or call 604-688-3836.

This press release contains statements about future performance, events or developments, which are also known as “forward-looking statements.” Forward-looking statements are based on current expectations, estimates, forecasts and projections about us, our future performance and the industries in which we operate as well as on our management’s assumptions and beliefs. Statements that contain words like “expects,” “anticipates,” “targets,” “goals,” “projects,” “intends,” “plans,” “believes,” “seeks,” “estimates” or variations of such words and similar expressions are forward-looking statements. Since they relate to future developments, results or events, these statements are highly speculative and involve risks, uncertainties and assumptions that are difficult to assess. You should not construe any of these statements as a definitive or invariable expression of what will actually occur or result. Actual outcomes and results may differ materially from what is expressed or forecasted in such forward- looking statements. Some of the risks and uncertainties include: our ability to achieve commercialization, the social, political and economic risks of our operations; changes to existing regulations or technical standards; existing and future litigation; our ability to protect our intellectual property rights and exposure to infringement claims by others; and compliance with environmental, health and safety laws. For a description of these and some other risks and uncertainties, you should read the reports we have filed with the Securities and Exchange Commission, including periodic reports on Forms 10-K, 10-Q and 8-K. Except as required under the federal securities laws and the rules and regulations of the SEC, we do not have any intention or obligation to update publicly any forward-looking statements we make, even if new information, future events, changes in assumptions or any other reason would alter those statements. Furthermore, we urge you not to invest in our company if in the event the company failed your investment loss would affect your living standards.

For more information, please contact

Syntec Biofuel Inc.
Nancy Ross
(604) 648-2092
Email: info@syntecbiofuel.com
Website: www.syntecbiofuel.com

free cash grants, free grant money, free money, cash grants, scholarships, business grants, foundation grants, government grants, debt grants, consolidation, college tuition, financial aid, medical grants, personal grants, medical bills, unsecured loans, no interest loans, financing, loans, capital, non profit organizations

Major Newsire & Press Release Distribution with Basic Starting at only $19 and Complete OTCBB / Financial Distribution only $89

Get Unlimited Organic Website Traffic to your Website 
TheNFG.com now offers Organic Lead Generation & Traffic Solutions





























Leave a Reply

Your email address will not be published. Required fields are marked *

*