AltraBiofuels Appoints New President, Begins Ethanol Production at Indiana Plant

Energy Resource, May 19, 2008

ENERGY RESOURCE-19 May 2008-AltraBiofuels Appoints New President, Begins Ethanol Production at Indiana Plant(C)2008 JeraOne - http://www.jeraone.com

AltraBiofuels, a California-based producer of ethanol, has named Kenneth DeCubellis president and CEO, replacing Altra founder Larry Gross.

Gross will lead Edeniq, a newly created R&D cellulosic venture, of which AltraBiofuels has retained more than 30% of Edeniq's outstanding equity and will be Edeniq's largest shareholder.

Prior to joining Altra as the company's vice president of Business Development and Commercial Operations, DeCubellis spent 10 years at Exxon Mobil in various senior management positions, and holds an MBA from the JL Kellogg Graduate School of Management at Northwestern University and a Bachelor's Degree in Mechanical Engineering from Rensselaer Polytechnic Institute.

In February, the company sold Edeniq certain assets, intellectual property rights, liabilities and equity interests related to the development and commercialization of technology for the production of ethanol primarily from cellulose, and yield-enhancing technology which is targeted to corn-to-ethanol production.

"The Edeniq transaction and the management changes enable us to focus on the execution and the building out of our corn-to-ethanol assets, and now with our close relationship with Edeniq, successful commercialization of their yield-enhancing technology will position us as the lowest cost producer of ethanol from corn feedstock," said DeCubellis.

AltraBiofuels also announced today that it has started production at its Cloverdale, Indiana, ethanol plant.

The Cloverdale plant uses a dry grind corn process with continuous fermentation. Its rated capacity is 84 million gallons per year (MGPY) of anhydrous ethanol and the plant is currently permitted to expand production to 110 million gallons per year of anhydrous. The plant is anticipated to benefit from the region's extensive dairy cow population and the area's competitive transportation advantage with excellent rail and truck access to both Midwestern and southern fuel distribution centers.

AltraBiofuels' 60 MPGY Coshocton, Ohio, plant began corn-ethanol production in February 2008.

For more information, visit www.AltraBiofuels.com.

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