NACF: Energy Secretary Chu Announces US Centers for US-China Clean Energy Research

HOUSTON--(BUSINESS WIRE)--National Clean Fuels (PinkSheets:NACF): US Energy Secretary Steven Chu has just announced that two consortia - one led by the University of Michigan and one led by the West Virginia University - will receive a total of $25 million over the next five years under the US-China Clean Energy Research Center (CERC). The funding will be matched by the grantees to provide at least $50 million in total US funding and will facilitate joint research and development of clean energy technologies by the United States and China. Chinese counterparts will contribute an additional $50 million, with combined funding from both countries totaling $100 million. The University of Michigan's award will advance technologies for clean vehicles, while West Virginia University will use its funding to focus on the next generation of clean coal technologies, including carbon capture and storage.

President Obama and President Hu Jintao formally announced the establishment of the CERC during the President's trip to Beijing last November. At the time, Secretary Chu joined Chinese Minister of Science and Technology Wan Gang and Chinese National Energy Administrator Zhang Guobao to sign the protocol launching the Center. As the world's top energy consumers, energy producers and greenhouse gas emitters, the US and China will play central roles in the world's transition to a clean energy economy in the years ahead.

National Clean Fuels is dedicated to developing cleaner alternatives to fossil fuels. The Company commercializes clean energy technology in a sector that is growing to compete in the energy industry, which contains Constellation Energy Group (NYSE: CEG), Valero Energy Corp. (NYSE: VLO), China Petroleum & Chemical (NYSE: SNP) and Occidental Petroleum Corp. (NYSE: OXY).

About National Clean Fuels, Inc.

National Clean Fuels, Inc. (NACF) commercializes cutting edge clean energy technologies. National Clean Fuels, Inc. is an emerging industry player capitalizing on its understanding of clean energy technology and supporting the development of alternative energy plans for corporations and government entities.

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