Sign In  |  Register  |  About Burlingame  |  Contact Us

Burlingame, CA
September 01, 2020 10:18am
7-Day Forecast | Traffic
  • Search Hotels in Burlingame

  • ROOMS:

Gulf Ethanol Expands Horizons to New Facilities

Gulf Ethanol Corp (OTC:GFET), announced today the expansion of its search for plant sites throughout the Texas and Louisiana coastal region. In addition to the non-binding letter of intent to purchase an existing manufacturing facility in Bayport, Texas from Clean-Fuel International Corp., Gulf Ethanol is actively evaluating additional sites for the processing and production of ethanol and other biofuels.

We feel there is an exceptional opportunity to grow a production and processing capacity along the gulf coast. The majority of Americas ethanol production is currently in the corn belt, noted JT Cloud, Gulfs President. We see ample opportunity to expand processing and production to the heavily populated south. We expect to use fuel stocks grown in Texas and Louisiana as well as considering the importation of raw sugars from Brazil and other South American countries, he added.

Our team is currently evaluating multiple locations at which we feel we can profitably expand our operations, he concluded.

The Bayport Industrial District is one of Americas largest industrial parks and the center of the nations largest concentration of petrochemical production. Covering more than 10,500 acres, Bayport employs more than 7,500 workers and contributes more than $1 billion per year to the regions economy. More than 60 of the worlds most prominent industrial firms have plants or other sites in Bayport, including BP Amoco Corporation (NYSE:BP), Lyondell Chemical Company (NYSE:LYO), Dupont (NYSE:DD) and Hoechst Celanese (NYSE:CE).

About Gulf Ethanol Corporation

Gulf Ethanol will produce, distribute, and blend biofuels. Headquartered in Houston, Gulf Ethanol began as an importer of ethanol based fuel for blending operations from South America and the Caribbean Islands. For more information please visit our homepage at:

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipate" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.

Data & News supplied by
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Copyright © 2010-2020 & California Media Partners, LLC. All rights reserved.