AEBF: 0.240 +0.040 (20.00%) - AE Biofuels Inc

AEBF: 0.240 +0.040 (20.00%) - AE Biofuels Inc: "0.240 +0.040 (20.00%)
Sep 28 - Close
OTC data delayed by 15 mins - Disclaimer Range 0.20 - 0.24 52 week 0.04 - 7.00 Open 0.24 Vol / Avg. 6,500.00/0.00 Mkt cap 20.68M P/E - Div/yield - EPS -0.14 Shares 86.17M Beta 0.87 Inst. own 1%"
AE Biofuels, Inc. is an international biofuels company focused on the development, acquisition, construction and operation of fuel grade ethanol and biodiesel facilities, and the distribution, storage, and marketing of biofuels. The Company is engaged in raising funds through the sale of stock and the issuance of debt; purchasing land and land options for the development of ethanol plants in the United States through American Ethanol, its wholly owned subsidiary; selling an ethanol plant site in Wahoo, Nebraska; developing, drafting, and submitting three patents on patent-pending enzyme technology; constructing and operating a biodiesel manufacturing facility with a nameplate capacity of 50 million gallons per year (MGY) in Kakinada, India; starting groundwork for an ethanol facility in Sutton, Nebraska; constructing a glycerin refining and vegetable oil pretreatment facility at the Kakinada plant, and commercializing its patent-pending enzyme technology.
other news
CUPERTINO, Calif. -- AE Biofuels Inc., a vertically integrated biofuels company, and Pearson Fuels, an alternative fuels provider, have announced that they have been awarded a $6.9 grant from the U.S. Department of Energy (DOE), through its Clean Cities program. The award proposes that the parties build and supply 55 public E85 ethanol-fueling stations across California over the next 42 months.
Monday, Sep 07, 2009

AE Biofuels, Inc., (OTC BB: AEBF), global vertically integrated biofuels producer, today announced the company’s wholly-owned subsidiary, Universal Biofuels Pvt. Ltd., a 50 million gallon per year biodiesel production facility located in Kakinada, India, has completed a $3 million shipment of biodiesel to a large European customer. The company is licensed to sell biodiesel both domestically and internationally.
Universal Biofuels completed construction and commissioning of the Kakinada plant in November of 2008, and has been producing and selling biodiesel and glycerin to a variety of customers in India.

“We are very pleased to have completed this first export sales transaction to Europe, and even more pleased with the continued positive momentum in our business,” said Sanjeev Gupta, chairman and managing director of Universal Biofuels. “We believe that Universal Biofuels is uniquely positioned to serve customers of all sizes, both in India and across the globe.”




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