BROOMFIELD, Colo.--(BUSINESS WIRE)--Range Fuels, Inc. has been recognized by Frost & Sullivan as the recipient of its 2008 North American Alternative Fuels Technology Innovation Green Excellence of the Year Award. The award is presented to companies that have demonstrated superior technological advancement in the green energy field and whose technologies are aligned with sustainable and environmentally-conscious objectives. Range Fuels was one of a select group of companies to receive the award.
“We are honored to receive this recognition from Frost & Sullivan,” said Mitch Mandich, Range Fuels’ CEO. “We have continued to advance the design and performance of our thermo-chemical conversion technology to bring a profitable and environmentally sustainable fuel to market. Our aim is to reduce our country’s dependence on fossil fuels and imported oil, improve our environment and help create jobs in rural areas. We are pleased Frost & Sullivan has recognized these efforts while conveying our business strategy is poised for success.”
In addition to recognizing technological advancement, environmental priorities and long-term sustainability, the award also exemplifies the company's leadership in the development of significant new technology that can transform the existing fuels market while creating tremendous market potential.
“Range Fuels has created a sustainable, clean technology platform with the ability to successfully scale to meaningfully reduce greenhouse gas emissions and the country's reliance on imported oil,” said Matt Scruggs, research analyst at Frost & Sullivan. “This award distinguishes Range Fuels as a leader in its field and a pioneer in the development of innovative cellulosic ethanol technology.”
About Range Fuels
Range Fuels is focused on green energy and the production of cellulosic ethanol using plant matter (or biomass) that cannot be used for food, is sustainable, renewable and abundant. The company's innovative technology converts renewable and sustainable biomass, such as wood chips, paper pulp, olive pits, and more, to ethanol. The company's proprietary K2 system uses a two-step thermo-chemical conversion process. The first step converts the biomass to synthesis gas and the second step converts the gas to ethanol. The company's business model is to design, build, own and operate its plants. The leadership team melds experience from Silicon Valley's fast-paced, high-tech world, and the technologically intensive coal, coal gasification, power, and gas-to-liquids industries, the renewable fuel industry, and the pulp and paper industry. Range Fuels' vision is to introduce the world to a fuel that's renewable, sustainable, and eco-friendly.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, partners with clients to accelerate their growth. The company's TEAM Research, Growth Consulting and Growth Team™ Membership empower clients to create a growth-focused culture that generates, evaluates and implements effective growth strategies. Frost & Sullivan employs over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from more than 30 offices on six continents. For more information about Frost & Sullivan’s Growth Partnerships, visit http://www.awards.frost.com.
About Frost & Sullivan Green Excellence Awards
Instituted as an integral part of the Environment & Building Technologies Practice of Frost & Sullivan, Green Excellence Awards are presented to companies that have excelled in green product and technology innovation, and service achievements. These Awards recognize groundbreaking ideation and innovation across a multitude of disciplines that originated from a firm sense of environmental responsibility. Recipient companies are committed to a continuous focus on reducing the dependency on finite resources, from concept to commercialization. Their efforts demonstrate a resolve to reduce the impact of climate change and overall ecological footprint.
Frost & Sullivan Best Practices Awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research in order to identify best practices in the industry.