Stratos Renewables Secures Land Agreements in Peru to Produce Up to 90 Million Gallons of Sugarcane Ethanol Per Year
2008年11月25日 - 9:00PM
ビジネスワイヤ(英語)
Stratos Renewables Corporation (OTCBB:SRNW), an emerging
agro-energy company developing a South American sugarcane ethanol
operation, today announced that the company has secured enough land
in the northern coastal region of Peru required for the production
of up to 90 million gallons per year of�sugarcane-based ethanol.
Stratos intends to use this land for extensive
sugarcane�cultivation, milling and distillation into
ethanol�primarily for export.�Peru has historically achieved some
of the highest yields of sugarcane in the world. Peru�s superior
soil and agricultural climate conditions allow for year-round
sugarcane harvesting and high yields, as water and nutrient content
can be managed using modern irrigation technology. This compares
favorably with uncontrolled climates in other�countries where
sugarcane is cultivated. Peru�s location also affords low
transportation costs for export and distribution due to its coastal
access and proximity to the Pan-American Highway. Stratos President
and Chief Executive Officer Tom Snyder stated, �We are�pleased that
our negotiations with local communities in Northern Peru
have�resulted in mutually beneficial relationships. Securing this
land marks an�important milestone in our strategy to become one of
the lowest-cost ethanol�producers in the world while stimulating
the Peruvian economy. We have spent considerable time working with
local officials to create programs that�deliver a sustainable
agro-investment environment. We�re encouraged by this progress and
we are solidifying contracts with major engineering and
construction companies to further implement our business plan.�
About Stratos Renewables Stratos Renewables is committed to
becoming a leader in Latin America's rapidly emerging agro-energy
and sugarcane ethanol industry, a growing segment of the larger
renewable fuel industry. The company believes Peru's economic
growth and expansion, illustrated by recent exponential growth in
foreign direct investment, and GDP growth over the last five years,
adds to Peru's promise as an attractive geographical location for
the cultivation, processing, distribution and use of alternative
fuels. In addition, rating agency DBRS has recently assigned
investment-grade credit ratings to Peru's long-term foreign and
local currency debt. For more information about Stratos Renewables,
please visit: www.stratosrenewables.com. About Ethanol Ethanol is a
clean burning, high octane biofuel produced from grain, which is a
renewable source, and can be grown year after year. In its most
basic sense, ethanol is a grain alcohol produced from sources such
as sugar. Pure 100% ethanol is normally not used as a replacement
for gasoline, but the integration of up to 20% ethanol into a
gasoline supply can cut down on not only the amount of oil
consumed, but also on the emissions generated by the burning of
that fuel. Ethanol significantly reduces harmful exhaust emissions,
which contribute to global warming. The United Nations expects all
biofuels to account for a full 25% of world energy needs by 2025.
Notice Regarding Forward-Looking Statements This news release
contains �forward-looking statements,� as that term is defined in
Section 27A of the United States Securities Act of 1933, as
amended, and Section 21E of the United States Securities Exchange
Act of 1934, as amended. Statements in this press release which are
not purely historical are forward-looking statements and include
any statements regarding beliefs, plans, expectations or intentions
regarding the future. Since the forward-looking statements relate
to future developments, results or events, these statements are
highly speculative and involve risks, uncertainties and assumptions
that are difficult to assess. You should not construe any of these
statements as a definitive or invariable expression of what will
actually occur or result. Actual results could differ from those
projected in any forward-looking statements due to numerous
factors. These forward-looking statements are made as of the date
of this news release and the Company and Stratos assume no
obligation to update the forward-looking statements, or to update
the reasons why actual results could differ from those projected in
the forward-looking statements. Although the Company believes that
the beliefs, plans, expectations and intentions contained in this
press release are reasonable, there can be no assurance those
beliefs, plans, expectations, or intentions will prove to be
accurate. Investors should consider all of the information set
forth herein and should also refer to the risk factors disclosed in
the Company's periodic reports filed from time to time with the
Securities and Exchange Commission and available at www.sec.gov.
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