ST. LOUIS, Nov. 17 /PRNewswire-FirstCall/ -- CleanTech Biofuels, Inc. (OTC Bulletin Board: CLTH) announces that it has begun exploring opportunities to implement its technology in France with the assistance of the French government economic development arm, the Invest in France Agency.
This significant development signals CleanTech's expansion into international markets, starting with France which is already recognized as a leader in promoting alternative energy technologies and the reduction of carbon emissions. The recent Grenelle de L'environment forum arranged by the French Government has called for an even greater investment in renewable energy in the near-term future, making it an idea country for CleanTech to partner with as it expands abroad.
About CleanTech Biofuels, Inc.
CleanTech Biofuels, Inc. is a development stage company with technology that the company believes is capable of converting municipal solid waste into ethanol and other products. By using the existing infrastructure for municipal solid waste collection and disposal to collect biomass at low or possibly negative feedstock cost, the Company expects to achieve profitability quickly relative to other energy producers who must develop their infrastructure to collect and transport more expensive feedstocks such as sugar cane, corn or even switchgrass, wood waste, or corn stover.
About Invest in France
The Invest in France Agency (IFA) promotes and facilitates international investment in France. The IFA network operates worldwide. IFA works in partnership with regional development agencies to offer international investors business opportunities and customized services all over France. For more information, please visit http://www.investinfrance.org
This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The risks and uncertainties that may affect the operations, performance development, and results of the Company's business include but are not limited to fluctuations in financial results, availability and customer acceptance of our products and services, the impact of competitive products, services and pricing, general market trends and conditions, and other risks detailed in the Company's SEC reports.
SOURCE CleanTech Biofuels, Inc.