GreenFuel Technologies Corporation Honored Second Year Running for Energy Competitiveness

CAMBRIDGE, Mass.--()--GreenFuel Technologies Corporation, the leading developer of algae bioreactor systems that recycle CO2 in smokestack gases into clean, renewable biofuels, today announced it has been selected for the second year running for recognition by the American Society of Competitiveness (ASC). GreenFuel received an ASC Medallion for Energy Business Competitiveness through Financial Prowess and Global Environment and Technology Leadership in Industrial Power Markets. The award was presented to GreenFuel earlier this afternoon at the 2006 ASC annual conference in Fairfax, VA.

Paul Rodzianko, Greenfuels Vice President, International, accepted the award on behalf of the company. GreenFuel has committed to a global business model that continuously creates strategic competitive advantage for our customers, while at the same time improving the quality of our natural environment and significantly reducing the worlds dependence on fossil fuels, said Rodzianko. This award recognizes and in a global sense endorses the accelerated progress we are achieving day in and day out now with our emissions-to-biofuels process. Our results would illustrate how environment and technology leadership can combine to create sustainable, accelerated growth.

Named for internationally famed quality expert Philip B. Crosby, author of the landmark book Quality is Free, the ASC awards have been issued annually since 1994 to individuals and corporations demonstrating excellence in competitiveness and quality. Past honorees include Siemens Corporation, Coca-Cola, and Gillette. GreenFuel was selected to receive a 2005 ASC Medallion for its strategic application of innovative technology to simultaneously serve two rapidly developing, tightly coupled sectors: energy supply and emissions control.

About GreenFuel Technologies Corporation

With more than a dozen pending patents, GreenFuel Technologies Corporation is the leading developer of systems for recycling rich CO2 streams from power and/or manufacturing plant flue gases to produce biofuels such as biodiesel, ethanol or methane. The company, which was founded in 2001, is headquartered in Cambridge, Massachusetts. For more information, visit www.greenfuelonline.com.

About The American Society for Competitiveness

Headquartered at the Indiana University of Pennsylvania, ASC is an association of academics, corporations, and policymakers dedicated to fostering competitiveness through global exchange of information and ideas on competitiveness and business management.

Contacts

GreenFuel Technologies Corp.
Marc Bane, 978-443-2378
mbane@greenfuelonline.com

Contacts

GreenFuel Technologies Corp.
Marc Bane, 978-443-2378
mbane@greenfuelonline.com