Share prices for the Gulf Ethanol Corp. (Pink Sheets: GFET) are slowly continuing their rise up the charts this morning, climbing 3 cents just after the market’s open, reflecting yesterday’s news the company’s upcoming appearance in Bio-Fuels Journal.
According a statement released earlier this afternoon, Gulf Ethanol will soon be profiled in the Bio-Fuels Journal for their work on an enhanced ethanol production facility slated for construction along the Texas Gulf Coast. In a recent article about the facility – also showcased in Bio-Fuels Journal – the new facility will use a new type of sorghum created by Texas A&M University. These plants, described as “freakishly tall” in the article, were specifically designed to be the perfect crop for ethanol production.
“Standing nearly 20 feet tall, these plants are more than twice the height of regular sorghum and yield double the crop per acre,” Brett Clanton of the Houston Chronicle is reported to have said about the new strain of sorghum. “They can survive on little water. They have been bread not to flower, thus trapping more energy within.”
Sorghum is one of the most numerous and versatile types of crops in the United States. The plant is normally raised as grain – mostly for fodder, certain foodstuffs, and alcoholic beverages – but has proven ideal for producing ethanol, giving ethanol-happy farmers an alternate crop than corn to fill their fields with. Now with this new “freakishly tall” sorghum, producing mass amounts of ethanol may become even easier.
Gulf Ethanol president J.T. Cloud said that this was an excellent way to keep up with Texas Governor Rick Perry’s new bioenergy strategy.
“Because we see sorghum as the ideal non-food feed stock for ethanol production in Texas, we embrace the Texas A&M initiative as a key step forward in providing economical feed stocks for our Texas ethanol plants,” JT Cloud, Gulf Ethanol’s President explained, “The long term success of ethanol as an alternative fuel must be based on the development of efficient non-food sources for ethanol production.”
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