Kergy announces name change to Range Fuels, Inc.
BROOMFIELD, CO and PALO ALTO, CA - February 5, 2007 - Kergy, Inc., a green energy company focused on the production of cellulosic ethanol, today announced that it has changed its name to Range Fuels, Inc. CEO Mitch Mandich said, "Because we are located along the Rockies, we're inspired everyday as we look at the mountain ranges and plains in front of us. Our new name will constantly remind us of our mission to protect the planet as we innovate and deploy our technology."
The company is at the forefront of new proprietary technology based on cellulosic ethanol. While most domestic ethanol production requires corn as a feedstock, Range Fuels' proprietary process does not. It also completely eliminates the use of enzymes, which have been an expensive component of traditional cellulosic ethanol production. Its innovative and proprietary technology transforms otherwise useless products such as wood chips, agricultural wastes, grasses, and cornstalks as well as hog manure, municipal garbage, sawdust and paper pulp into ethanol through a thermo-chemical conversion process. The company's system, K2, uses a two step process to convert biomass to a synthetic gas and from there, convert the gas to ethanol.
In addition to a broad range of biomass to select from, the K2 system is also modular. Depending upon the quantity and availability of feedstock, the K2 system can scale from entry level systems to large configurations. This range of system performance will allow the K2 to be placed near the biomass location reducing transportation costs, and will allow the most economical size system to be deployed.
Range Fuels designs, builds, owns and operates its proprietary technology and has aggressive plans to commercialize this technology in the near future. The company will continue to focus on developing innovative green technologies, using renewable and sustainable biomass to reduce greenhouse gases, promote job creation and drive energy independence. "We want to make a difference in the world and are excited about our ability to convert waste material into value, and the opportunity this brings to make a positive impact on our planet," said Mandich.
About Range Fuels, Inc.
Range Fuels, Inc., is focused on green energy and the production of cellulosic ethanol. The company does not use food products like corn, but rather uses waste products and turns them to value. The company's innovative technology uses wood chips, municipal waste, paper pulp, olive pits, and more and converts those materials to ethanol. The company's system, named K2, uses a two step thermo-chemical conversion process. The first step converts the biomass to synthetic gas and the second step converts the gas to ethanol. The company's business model is to design, build, own and operate its plants. The company is private and funded by Khosla Ventures, LLC, arguably the top venture firm in the U.S. focusing on alternative, clean (green) energy systems. The leadership team melds experience from Silicon Valley's fast-paced, high-tech world, and the technologically intense coal, coal gasification, and gas-to-liquids industries. Range Fuels' vision is to introduce the world to a fuel that's renewable, sustainable, and eco-friendly in its production.
Media contact:
Tim Turpin
OutCast Communications
415-392-8282