WESTON, FL -- (MARKET WIRE) -- 06/04/08 -- Wall Street News Alert's "stocks to watch" this morning are: CleanTech Biofuels, Inc. (OTCBB: CLTH), Archer Daniels Midland Company (NYSE: ADM), GE (NYSE: GE) and Verenium Corporation (NASDAQ: VRNM).
Having announced last month that it has begun identifying and evaluating sites for its first commercial facility, CleanTech Biofuels, Inc. (OTCBB: CLTH) should have investors monitoring the stock closely. Yesterday after the markets closed, the company issued a press release announcing that that preliminary data received from Hazen Research indicates that the sugar production potential of its licensed, dilute acid hydrolysis technology, which was originally developed at the University of California at Berkeley, is sufficient to support very economically attractive production of fuel grade ethanol from municipal garbage.
Great news for the company! CleanTech CEO, Edward P. Hennessey, commented: "The preliminary data we received from Hazen Research is extremely positive. We are optimistically awaiting the final results that will quantify more key variables in the waste-to-energy economics equation."
This "Cellulosic Ethanol" production system differs significantly from other ethanol production systems in that it uses currently-collected municipal solid waste as its feedstock rather than other, more expensive feedstocks, such as corn, sugar or other dedicated biomass crops or residues. Municipal solid waste is typically 50% to 60% organic material. Using its proprietary, licensed technology CleanTech converts this organic material into what it calls Process Engineered Fuel (PEF). The produced PEF is then converted into sugars, which are fermented to produce clean, fuel grade ethanol. Conclusive results further quantifying the efficiencies and economics of the processes will be disclosed in the coming weeks.
While corn-based ethanol production has provided the necessary impetus for development of a much needed biofuels industry, nearly everyone recognizes that ethanol production from non-food sources, called "Cellulosic Ethanol," is the future of biofuels. One of the primary challenges to cellulosic ethanol production is the cost of growing, harvesting, collecting and transporting the biomass. CleanTech's business model of using currently-collected MSW as its feedstock overcomes this problem, while simultaneously remediating landfill problems. In fact, contrary to the high feedstock costs of competing business models, MSW could even offer a negative feedstock cost, i.e. CleanTech will likely get paid to take its feedstock! This feedstock cost difference represents a tremendous advantage for CleanTech over its cellulosic ethanol producer competition.
Investors are urged to continue to monitor the progress of the company! Last month the company reported that it has begun identifying and evaluating sites for its first commercial facility. CleanTech is seeking to work with municipalities and waste haulers in locations with favorable tipping fees (fees paid to accept trash), feedstock supply, transportation logistics, and governmental financing possibilities to implement its technology to convert municipal solid waste (curbside garbage) into ethanol.
Before the news was released, the stock closed Tuesday at $1.08 a share.
For Wall Street News Alert's in-depth profile of CleanTech Biofuels, visit http://www.WallStreetNewsAlert.com/HotStocks/CLTH060308/default.aspx.
In case you are not familiar with the company: CleanTech Biofuels, Inc. is a development stage company that is developing cutting edge waste-to-clean fuel technologies. The company has licensed and is developing its core patented technologies which, when combined, can be used to convert the cellulosic material in municipal solid waste, green waste, and other cellulosic waste materials into fermentable sugars for the production of ethanol.
Archer Daniels Midland Company (NYSE: ADM) down 0.9% on 29 million shares traded.
Archer Daniels Midland Company (ADM) is the world leader in BioEnergy and has a premier position in the agricultural processing value chain. ADM is one of the world's largest processors of soybeans, corn, wheat and cocoa.
GE (NYSE: GE) up 0.2% on 63.5 million shares traded.
GE is Imagination at Work -- a diversified technology, media and financial services company focused on solving some of the world's toughest problems. With products and services ranging from aircraft engines, power generation, water processing and security technology to medical imaging, business and consumer financing, media content and advanced materials, GE serves customers in more than 100 countries and employs more than 300,000 people worldwide.
Verenium Corporation (NASDAQ: VRNM) down 3.8% on 94,000 shares traded.
Verenium Corporation is a leader in the development and commercialization of next-generation cellulosic ethanol, an environmentally-friendly and renewable transportation fuel, as well as high-performance specialty enzymes for applications within the alternative fuels, specialty industrial processes, and animal nutrition and health markets.
"At the pump Tuesday, the national average price of a gallon of regular gas rose 0.3 cent to $3.978 a gallon, according to a survey of stations by AAA and the Oil Price Information Service. Prices are 82 cents higher than a year ago," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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