Gulf Ethanol Corp. announced its executive search for a new CEO, CFO and Director of Engineering and Design. Mr. J T Cloud is retiring and the Board of Directors is seeking to recruit professional management to continue the implementation and development of its alternative energy technology.

Gulf Ethanol Corp. announced that it has delivered the purchase order and initial payment for the manufacture of its initial prototype bio-processing unit. This unit will be designed to preprocess cellulosic biomass into a very fine, dry powder ready for processing into ethanol. The unit is expected to be ready in about 60 days. The challenge for cellulosic ethanol producers is to achieve a level of efficiency better than or equal to corn-based ethanol.

Gulf Ethanol Corp. announced that it has signed a Letter of Intent to purchase the biodiesel plant owned and operated by Systems Management Group Inc. Gulf Ethanol plans to relocate this plant to Central America to produce biodiesel out of palm oil. The plant has produced biodiesel for commercial users in the U.S. prior to increases in American feedstocks that made production inefficient in the U.S. It can produce up to 500,000 gallons per month making it one of the largest producers in the U.S. GFET plans to develop and commercialize clean technologies that will facilitate the efficient use of natural recourses.