All Fuels & Energy Company (AFSE.OB) is focused on the production and sale of ethanol and related products. The company has 150 acres located in Manchester, Iowa, where they plan to build their proposed ethanol production facility. All Fuels is conducting tests on a specific super enzyme which they believe could boost production of corn and cellulosic ethanol.
Through their wholly owned subsidiary, AFSE Enzyme, LLC, All Fuels’ super enzyme is the first of ten super enzymes identified for testing. The company believes the super enzyme will also reduce costs of ethanol production and new plant construction costs, and that the super enzyme will eliminate the need for corn by allowing the use of other products found in household garbage.
Worldwide annual ethanol production is approximately 35 billion gallons. All Fuels projects they will immediately target a portion of the $40 billion in savings due to licensing arrangements and partnerships. The company has already obtained $2.3 million in private equity funding and signed a five-plant engineering and design agreement. Potential acquisitions of existing ethanol production facilities are also being considered.
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