Amelot Applies For $25 Million Grant Thru U.S. Energy Policy Act of 2005

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Amelot Applies For $25 Million Grant Available Through the U.S. Energy Policy Act of 2005

OSTERVILLE, Mass., June 11, 2007 -- Amelot Holdings, Inc. (Pink Sheets:AMHD), has formally filed its intention to respond for a Renewable Energy Research and Development Grant as authorized in Section 932 of the Energy Policy Act of 2005. This grant opportunity provides up to $25 million in funding for a demonstration of integrated biorefinery operations for producing biofuels and other chemical materials products.

Amelot plans to develop a proposal that will build and demonstrate a biorefinery based on the production and extraction of algae oil to be processed into biodiesel. The algae residue will be processed to produce methanol, a feedstock required in the biodiesel process, as well as the base feedstock for many plastic materials.

Full news release from here

Nature gave us oil from algae; perhaps we should try Nature's way again