PetroSun Announces the Selection of the Gas Technology Institute's Integrated Biorefinery Proposal by the DOE
December 07 2009 - 11:39AM
Marketwired
PetroSun, Inc. (PINKSHEETS: PSUD) announced today that the
Department of Energy has advised Gas Technology Institute of Des
Plaines, Illinois that its Integrated Biorefinery application has
been selected for negotiations leading to an award. The GTI team
members include PetroSun, Cargill, Blue Marble Energy, National
Renewable Energy Laboratory, Johnson Timber and Michigan
Technological University.
The project was selected to complete preliminary engineering
design for a novel process to produce green gasoline and diesel
from woody biomass, agricultural residues and algae.
About PetroSun
PetroSun, Inc. is a diversified energy company with technology
and operations in oil, natural gas and helium exploration,
development and production, commercialization of algae-to-biofuels,
microbial enhanced oil recovery and oilfield pipe and supply.
For more information about PetroSun visit the company's website
at www.petrosuninc.com.
Except historical matters contained herein, matters discussed in
this news release are forward-looking statements and are made
pursuant to the safe harbor provision of the Private Securities
Litigation Reform Act of 1995. These forward-looking statements
reflect assumptions and involve risks and uncertainties, which may
affect the Company's business and prospects and cause actual
results to differ materially from these forward-looking
statements.
Contact: Investor Relations 480-425-4290 Email Contact
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