MIAMI, FL is please to highlight its "stocks on the move" for
Thursday. Our list includes: CleanTech Biofuels, Inc. (OTCBB:
CLTH), Corning Inc. (NYSE: GLW), Halliburton (NYSE: HAL) and Amgen
(NASDAQ: AMGN).
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With additional breaking news just released, Wall Street Press
Wire is continuing its in-depth coverage of CleanTech Biofuels,
Inc. (OTCBB: CLTH), a development stage company with technology
capable of converting municipal solid waste into ethanol.
Wednesday after the markets closed, the company issued an
important press release announcing that Biomass Magazine, a leading
industry publication, highlights the company's proposed commercial
development in Chicago, Illinois, in an article released on the web
earlier this week. The article will also appear in their magazine
to be published in August. The full text of the article is
available online:
(http://www.biomassmagazine.com/article.jsp?article_id=1810&q=hennessey).
In other major breaking news this week, the company reported
that it intends to use its proprietary technology at a commercial
site in Chicago, Illinois, to produce cellulosic biomass as solid
fuel for the production of electricity.
The press release states that beginning commercial production of
biomass for electricity will allow CleanTech to develop significant
revenue more quickly than originally anticipated! Tests on the
feasibility of using the biomass from CleanTech's processes for
electricity production indicated that the energy value (or Btu
value) is approximately 75 percent that of coal. Testing also
indicates that the biomass has substantially less pollutants in
emissions from combustion than other refuse derived fuels and
coal.
CleanTech believes that this approach will dramatically lower
the cost of its first commercial ethanol plant. By using the
infrastructure it constructs for electricity production to support
cellulosic ethanol production at the same site in the future,
CleanTech believes that it will be able to incrementally increase
the amount of MSW processed at the site daily to support both
operations.
"We look at the application of biomass co-fired with coal as the
low hanging fruit that can be done commercially right now,"
CleanTech CEO, Ed Hennessey, said, "Coal prices have increased
dramatically in recent years and that has increased the value of
the energy content in our biomass." Hennessey further added, "We
are looking to develop a plant in Chicago using the biomass as
solid fuel to produce electricity with traditional debt and bond
financing to fund a significant part of the development costs. When
our cellulosic ethanol conversion technology is ready for
commercial implementation, we hope to use the infrastructure at the
existing plant to add a cellulosic conversion plant to the same
site."
CleanTech Biofuels, Inc. is a development stage company with
technology capable of converting municipal solid waste into
ethanol. By using the existing infrastructure for municipal solid
waste collection and disposal to collect biomass at negative
feedstock cost, the Company expects to achieve profitability
quickly relative to other ethanol producers who must develop their
infrastructure to collect and transport more expensive feedstocks
such as sugar cane, corn or even switch grass, wood waste, or corn
stover.
Wall Street Press Wire's in-depth profile for CleanTech Biofuels
is available at:
http://www.wallstreetpresswire.com/page.php?BN_UID=66.
The stock closed Wednesday at Ninety One a share.
Corning Incorporated (NYSE: GLW) down 3.9% on 33.8 million
shares traded.
Corning Incorporated (www.corning.com) is the world leader in
specialty glass and ceramics. Drawing on more than 150 years of
materials science and process engineering knowledge, Corning
creates and makes keystone components that enable high-technology
systems for consumer electronics, mobile emissions control,
telecommunications and life sciences.
Halliburton (NYSE: HAL) up 2.5% on 29.1 million shares
traded.
Halliburton is one of the world's largest providers of products
and services to the energy industry. With more than 50,000
employees in approximately 70 countries, the company serves the
upstream oil and gas industry throughout the lifecycle of the
reservoir -- from locating hydrocarbons and managing geological
data, to drilling and formation evaluation, well construction and
completion, and optimizing production through the life of the
field.
Amgen (NASDAQ: AMGN) up 0.03% on 15.3 million shares traded.
Amgen discovers, develops and delivers innovative human
therapeutics. A biotechnology pioneer since 1980, Amgen was one of
the first companies to realize the new science's promise by
bringing safe and effective medicines from lab, to manufacturing
plant, to patient.
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Corning (NYSE:GLW)
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