RAPID CITY, SD -- 10/12/09 --
KL Energy Corp. (OTCBB: KLEG) and Fair
Energy have agreed to proceed with a long-term off-take agreement for their
second generation cellulosic ethanol both in the United States and Europe.
KL Energy operates the first commercial-size demonstration cellulosic
ethanol plant in the country in Upton, WY.
Steve Corcoran, KL Energy Corp. Chief Executive Officer, said, "As the
industry continues moving toward the goal of commercializing production of
cellulosic ethanol, KL Energy is pleased to have Fair Energy as our
partner. The commitment by Fair Energy will allow our company to complete
its goal of being the first firm in North America to produce cellulosic
ethanol on a constant, commercial scale for use. As other companies begin
projects trying to realize industrial scale production, KL Energy will have
successfully achieved that goal and become the first cellulosic ethanol
plant operating under a 24-hour production schedule this year."
Unlike first generation ethanol, commonly derived from food products such
as corn in North America, KL Energy has created a second-generation
cellulosic ethanol that utilizes non-feedstock byproducts like wood-waste
from the timber industry in their production process.
About KL Energy Corp.
KL Energy Corp. (OTCBB: KLEG), a leader in the development and
commercialization of second generation cellulose-based energy products,
including ethanol and high energy lignin pellets. KL's commercial
demonstration facility in Wyoming is to the company's knowledge the first
industrial-size facility of its type to produce cellulose-based ethanol and
high energy lignin pellets from wood waste. The facility uses KL Energy's
proprietary thermo-mechanical pretreatment and enzymatic hydrolysis process
in what the company believes is one of the most environmental friendly
processes in the sector which can be adapted for various non-food
feedstock. In addition KL provides engineering, optimization and technical
services for biofuels facilities.
Additional information is available at the Company's website at
www.klenergycorp.com
About Fair Energy
Fair Energy is a global player in the oil and biofuel markets, sourcing,
trading and supplying the full spectrum of both petroleum and biomasses
products from the raw material to the finished pure and blended products.
FORWARD-LOOKING STATEMENTS:
"Safe Harbor" Statement under the Private Securities Litigation Reform Act
of 1995. This press release may contain forward-looking statements, as
defined in the Securities Reform Act of 1995 (the "Reform Act").
Forward-looking statements can be identified by the use of words such as
"expects," "plans," "will," "may," "anticipates," believes," "should,"
"intends," "estimates," and other words of similar meaning. These
statements are subject to risks and uncertainties that cannot be predicted
or quantified and consequently, actual results may differ materially from
those expressed or implied by such forward-looking statements. The safe
harbor for
forward-looking statements provided to companies by the Reform Act does not
apply to KL Energy Corp. (the "Company"). However, actual events or results
may differ from the Company's expectations on a negative or positive basis
and are subject to a number of known and unknown risks and uncertainties
including, but not limited to, competition with larger companies,
development of and demand for a new technology, risks associated with U.S.
and international transactions, the impact of current, pending, or future
legislation and regulation on the industry, general economic conditions,
availability of funds for capital expenditure by customers, availability of
timely financing, cash flow, timely delivery by suppliers, ability to
maintain quality control, collection-related risks from U.S. and
international transactions, or the Company's ability to manage growth.
Other risk factors attributable to the Company's business may affect the
actual results achieved by the Company including those that are found in
the Company's most recent Company's Annual Report on Form 10-K for the year
ended December 31, 2008 and any updates contained in its subsequently filed
quarterly reports on Form 10-Q. All forward-looking statements included in
this release are made as of the date of this press release, and the Company
assumes no obligation to update any such forward-looking statements.
Press Contact:
Dan Weikel
KL Energy Corp.
Tel. 818-936-2630
Email Contact
