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PetroSun, Incorporated announced today that Algae
BioFuels, a wholly owned subsidiary, has chosen Alabama to conduct
major field trials in the Gulf Coast region for the cultivation of
algae in open and closed systems designed by the Company. Meetings with
state officials are being scheduled for late February to determine a
start date and site selection for these field demonstrations.
Alabama has taken the initial steps to lead the nation into the
future of algaeculture for biodiesel and animal feedstock production,
said Gordon LeBlanc, Jr., CEO of PetroSun. The Gulf Coast region of
the United States could become the model for self sufficiency in
renewable liquid transportation fuels.
Independent studies have demonstrated that algae is capable of
producing 30 times more oil per acre than the current crops now
utilized for the production of biofuels. The algae biomass material
could also supply annually up to 100,000 pounds of animal feed per acre
with a 50% protein content.
PetroSun will be posting additional information on Algae BioFuels on its website at www.petrosuninc.com.
About PetroSun
PetroSuns current operations are concentrated in the Ark-La-Tex
region with plans to expand into New Mexico, Arizona, Utah and
Australia in 2007. PetroSun provides a comprehensive array of products
and services to the oil industry. Algae BioFuels, a wholly owned
subsidiary of PetroSun, is an emerging producer of biodiesel derived
from the cultivation of algae. The Companys cutting edge technologies,
combined with a proven ability to apply them effectively and safely
within a disciplined ROI framework, creates long term value for
PetroSun shareholders and partners. PetroSun is headquartered in
Phoenix, Arizona. For more information about PetroSun visit the
companys website at http://www.petrosuninc.com.
Except historical matter 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 Companys
business and prospects and cause actual results to differ materially
from these forward-looking statements.
Contact:
PetroSun, Inc.
Investor Relations
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(602)-487-6486
SOURCE: PetroSun, Inc.
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