Alternative Fuel Technologies update on Army Contract
Alternative Fuel Technology, LLC, a 100% owned subsidiary of Alternative Fuel Technologies, Inc. (PINKSHEETS: AFTC), reported today that the companies have been competitively selected for negotiation and possible award by the U.S. Army for a Phase 2 SBIR project. Alternative Fuel Technology, will apply materials technology and other lessons learned during the development of their well known DME common rail fuel system.
The press release is quoted as saying:
DME is a new ultra-clean diesel fuel replacement that can be produced from abundant resources. These include natural gas, landfill methane, coal and biomass. At current oil prices, DME can be produced and distributed at less than 1/2 the cost of conventional fuel.
Click here to access the entire press release
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Thu, Dec 10, 2009
Post by Mike Rodger, Coal Reporter