MIAMI, FL -- (MARKET WIRE) -- 04/16/08 -- Stock Market Alerts' performance stock list includes: CleanTech Biofuels, Inc. (OTCBB: CLTH), Chevron Corporation (NYSE: CVX), Hess Corporation (NYSE: HES), Cosan Limited (NYSE: CZZ).
CleanTech Biofuels, Inc. (OTCBB: CLTH) should have the attention of investors this morning. Yesterday after the markets closed, the company issued a press release announcing that it has entered into an exclusive worldwide sublicense agreement with HFTA of Livermore, California to license technology developed by scientists at the University of California, Berkeley.
Good news for CLTH! The patented technology utilizes nitric acid rather than sulfuric or hydrochloric acid to hydrolyze cellulosic material for the production of ethanol and other fuels from biomass. Sulfuric or hydrochloric acids are typically used for most thermo-chemical hydrolysis processes. CleanTech believes that the HFTA/University of California Berkeley nitric acid process represents state-of-the-art technology in the cellulosic ethanol industry.
In addition to the company's exclusive rights to utilize municipal solid waste as feedstock for the HFTA technology, CleanTech has also obtained a nonexclusive worldwide license for all other cellulosic biomass feedstocks for the production of ethanol. The licensed technology is described in U.S. Patents No. 5221357, 5366558, 5536325, 5628830, and 6019900. The sublicense agreement is with HFTA, a California corporation formed by the developers of the technology while at the University of California at Berkeley
Watch this company very closely!
Before the news was released, CLTH closed Tuesday at under Eighty cents a share.
For Stock Market Alerts' in-depth profile of CleanTech Biofuels, visit http://www.wallstreetenews.com/HotStocks/CLTH041508/default.aspx.
Other Stocks of interest yesterday were:
Chevron Corporation (NYSE: CVX) up 0.9% on 8.4 million shares traded. Chevron Corporation is one of the world's leading integrated energy companies, with subsidiaries that conduct business
Hess Corporation (NYSE: HES) up 2.2% on 6.8 million shares traded. Hess Corporation, with headquarters in New York, is a global integrated energy company engaged in the exploration, production, purchase, transportation and sale of crude oil and natural gas, as well as the production and sale of refined petroleum products.
Cosan Limited (NYSE: CZZ) up 3.7% on 573,000 shares traded. Cosan Limited through its subsidiaries, engages in the manufacture and sale of sugar and ethanol primarily in Brazil. It grows and processes sugarcane to produce standard sugars, including raw sugar, crystal sugar, and organic sugar; and refined sugars, including granulated refined white sugar, amorphous refined sugar, refined sucrose liquid sugar, and refined inverted liquid sugar. The company also produces and sells hydrous, anhydrous, and industrial ethanol.
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