KL Energy Corp., a leader in the development and commercialization of second-generation cellulose-based energy products, recently announced that the company has entered into a long-term off-take agreement with Fair Energy, a global player in the oil and biofuel markets.

Under the terms of the agreement, Fair Energy with KL Energy Corp. has entered into an agreement with KL Energy’s second-generation cellulosic ethanol in both the United States and Europe. Unlike first generation ethanol, commonly derived from food products, such as corn, in North America, KL Energy has created a cellulosic ethanol that utilizes non-feedstock byproducts.

“As the industry continues moving toward the goal of commercializing production of cellulosic ethanol, KL Energy is pleased to have Fair Energy as our partner,” stated Steve Corcoran, the chief executive officer of KL Energy Corp. “The commitment by Fair Energy will allow our company to complete its goal of being the first firm in North America to produce cellulosic ethanol on a constant, commercial scale for use.”

He concluded, “As other companies begin projects trying to realize industrial scale production, KL Energy will have successfully achieved that goal and become the first cellulosic ethanol plant operating under a 24-hour production schedule this year.”

Let us hear your thoughts below:

Last 5 posts by QualityStocks

• Omnicity Corp. (OMCY.OB) Announces Addition of New Board Member - November 20th, 2009
• Muscle Flex, Inc. (MFLI.PK) Announces Release Time for the BUDDY Tablet Caddy Two-Minute Commercial and Landing Page - November 20th, 2009
• Artfest International, Inc. (ARTS.OB) Announces Revenue Profit Jumps - November 20th, 2009
• Omnicity Corp.’s (OMCY.OB) Recently-Issued Corporate Update - November 20th, 2009
• Soligenix Inc. (SNGX.OB) Taking Steps to Meet Challenges of Vaccine Technology and Biological Warfare - November 20th, 2009