Pure Energy Corporation Files Petition
with the Department of Energy
Regarding its Alternative Fuel
For Immediate Release
July 7, 1997. Pure Energy Corporation has filed a petition with the
Department of Energy seeking a rulemaking to designate its proprietary
non-petroleum motor fuel as an "Alternative Fuel" under The Energy Policy
Act of 1992 ("EPACT"). Pure fuel is designed to be used in so called
flexible fuel vehicles ("FFVs") which can use up to 85% ethanol. Ford
and Chrysler recently announced plans to mass produce hundreds of thousands
of FFVs for the commercial market with a particular eye on federal and
state fleets which are required to purchase certain minimum quantities
of alternative fuel vehicles under EPACT.
Pure Energy's fuel is a unique blend of ethanol, natural gas liquids and
a co-solvent. Both ethanol and the co-solvent are expected to be derived
from renewable resources, i.e., cellulosic biomass such as waste paper,
agricultural waste and wood waste. The fuel will be non-petroleum and
as much as seventy percent renewable.
Pure Energy's fuel creates environmental benefits relative to gasoline,
in that it produces less emissions, including greenhouse gases, when
run in automobiles. Its renewable feedstock and less intensive
production process also are expected to be advantages.
Merrick G. Andlinger, Pure Energy's President and CEO stated, "We believe
prompt commercialization and development of our fuel is in the national
interest. The transportation sector has an enormous impact on our
economy, our nation's energy security and our environment. PEC is
developing and implementing strategies that address both the domestic
and global market for supplying an environmentally friendly motor fuel
that is competitively priced and utilizes existing distribution
infrastructure world wide."
Pure Energy, based in New York City, has the exclusive world-wide
license from Princeton University to commercialize the cleaner
burning alternative fuel, developed at Princeton. In May, the US
Patent Office allowed claims covering the fuel. The Company is
involved in the formulation and production of alternative and bio-based
fuels.
For more information contact:
Merrick G. Andlinger
President and CEO
Pure Energy Corporation
(212) 938-6923
|