Rod
12-19-2007, 08:15 PM
I'm thinking GFET may become a viable "buy-n-hold" with the new energy bill that recently became law.
In a dramatic shift to spur increased demand for nonfossil fuels, the bill also requires a six-fold increase in ethanol use to 36 billion gallons a year by 2022, a boon to farmers.
http://www.cnn.com/2007/POLITICS/12/18/congress.energy.ap/index.html?iref=newssearch
The process, developed by Meridian Biorefining, converts non-food biomass into a very fine powdered cellulose that a university study confirms produces far better results when processed into ethanol. Gulf ethanol owns the exclusive rights to this breakthrough technology for the processing of ethanol feed-stocks and will partner with Meridian Biorefining for engineering, design and implementation of the technology.
http://www.businesswire.com/portal/site/cnnmoney/index.jsp?ndmViewId=news_view&newsId=20071217005709&newsLang=en&ndmConfigId=1000618&vnsId=33
GFET share price is currently 1.67
Thoughts?
In a dramatic shift to spur increased demand for nonfossil fuels, the bill also requires a six-fold increase in ethanol use to 36 billion gallons a year by 2022, a boon to farmers.
http://www.cnn.com/2007/POLITICS/12/18/congress.energy.ap/index.html?iref=newssearch
The process, developed by Meridian Biorefining, converts non-food biomass into a very fine powdered cellulose that a university study confirms produces far better results when processed into ethanol. Gulf ethanol owns the exclusive rights to this breakthrough technology for the processing of ethanol feed-stocks and will partner with Meridian Biorefining for engineering, design and implementation of the technology.
http://www.businesswire.com/portal/site/cnnmoney/index.jsp?ndmViewId=news_view&newsId=20071217005709&newsLang=en&ndmConfigId=1000618&vnsId=33
GFET share price is currently 1.67
Thoughts?