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Algenol Biofuels Further Strengthens Team With Key Appointments
Date:9/15/2008

said, "Both Greg and Dax bring impressive experience to Algenol and we look forward to the contributions they will make as we enter the critical and exciting commercialization phase of our business. We are confident we can continue to attract this caliber of executive to Algenol given the strength our technology and our ability to bring low cost algae-based ethanol to the market in 2009."

About Algenol Biofuels

Algenol Biofuels, Inc., a privately owned company, was founded in early 2006 and is engaged in broad research and development efforts to develop industrial-scale production systems to make ethanol from algae. The company's DIRECT TO ETHANOL(TM) process is the most advanced third generation biofuels technology that produces industrial-scale, low cost ethanol using algae, sunlight, CO2 and seawater. It is the only end-to-end commercial process that stabilizes and reduces CO2 levels. Algenol is slated for commercial sales of ethanol in 2009. For more information, please visit http://www.algenolbiofuels.com.


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SOURCE Algenol Biofuels, Inc.
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