| SYNTEC BIOFUEL IS POSITIONED TO TAKE
ADVANTAGE OF NEW US ENERGY LEGISLATION.
December 20, 2007 - Syntec Biofuel (Symbol - SYBF)
is pleased with the passing of US Bill H.R. 6: Renewable Fuels,
Consumer Protection, and Energy Efficiency Act of 2007, because
Syntec’s technology is positioned to take advantage of this
legislation. Signed into law by President George W. Bush
yesterday, December 19, 2007, the bill represents a major step
forward in reducing America’s dependence on oil. Other benefits
of the bill include increased vehicle fuel efficiency (from the
current 25 miles per gallon legislated in 1975, to 35 miles per
gallon by 2020), and greater national implementation of biofuels
with two-thirds to be cellulosic ethanol from renewable
feedstock such as prairie grass and wood chips.
Calling for an increase of ethanol usage to 36-billion gallons
per year by 2022, from the current 6-billion gallons, the bill
encourages the diversification of ethanol production. Using
cellulosic feedstock rather than corn, wheat, or sugar, the
Syntec process can efficiently convert carbon-based matter into
ethanol and other valuable higher alcohols.
Initially researched and developed in the labs at the University
of British Columbia since 2001, the Syntec catalysts are focused
on second-generation cellulosic ethanol production. The Syntec
process is very simple. Renewable waste Biomass such as hard and
soft wood, sawdust and/or bark, organic waste, agricultural
waste (including sugar bagasse and corn stover), switch-grass
and virtually any other type of cellulosic material is fed into
a gasifier which produces syngas. This syngas, which comprises
approximately 40% carbon monoxide and 40% hydrogen, is then
scrubbed clean and passed through a fixed bed reactor containing
the Syntec catalysts to produce ethanol and other alcohols. The
Syntec technology can also produce ethanol and methanol from
biogas (sourced from anaerobic digestion of manure and effluent)
as well as from landfill gas and stranded methane.
For information on Syntec Biofuel Inc., a Washington State
Company, please contact info@syntecbiofuel.com or call
604-688-3836.
This press release contains
statements about future performance, events or developments,
which are also known as "forward-looking statements."
Forward-looking statements are based on current expectations,
estimates, forecasts and projections about us, our future
performance and the industries in which we operate as well as on
our management's assumptions and beliefs. Statements that
contain words like "expects," "anticipates," "targets," "goals,"
"projects," "intends," "plans," "believes," "seeks," "estimates"
or variations of such words and similar expressions are
forward-looking statements. Since they relate to future
developments, results or events, these statements are highly
speculative and involve risks, uncertainties and assumptions
that are difficult to assess. You should not construe any of
these statements as a definitive or invariable expression of
what will actually occur or result. Actual outcomes and results
may differ materially from what is expressed or forecasted in
such forward- looking statements. Some of the risks and
uncertainties include: our ability to achieve commercialization,
the social, political and economic risks of our operations;
changes to existing regulations or technical standards; existing
and future litigation; our ability to protect our intellectual
property rights and exposure to infringement claims by others;
and compliance with environmental, health and safety laws. For a
description of these and some other risks and uncertainties, you
should read the reports we have filed with the Securities and
Exchange Commission, including periodic reports on Forms 10-K,
10-Q and 8-K. Except as required under the federal securities
laws and the rules and regulations of the SEC, we do not have
any intention or obligation to update publicly any
forward-looking statements we make, even if new information,
future events, changes in assumptions or any other reason would
alter those statements. Furthermore, we urge you not to
invest in our company if in the event the company failed your
investment loss would affect your living standards. |