HARTFIELD, Va., May 13 /PRNewswire-FirstCall/ -- XcelPlus Global Holdings Inc (Pink Sheets: XPGH) announces the acquisition of a new alternative energy fuel technology and process that enables glycerin, a byproduct from bio-diesel production, to be converted to a fuel suitable for use in turbine engines.
Gly-Clene (TM), as the new product is called, was developed by Maverick BioFuels as a new alternative energy source. This fuel can be made from any crude glycerol, regardless of the feedstock, including yellow grease.
Gly-Clene has the ability to power up turbine engines for electricity production or any other non-aircraft use associated with turbine engines. Gly-Clene can also be used to heat fluid bed reactors as it also performs well in oil gun furnaces as you can see in a soon to be released video linked on www.xcelplusglobal.com .
With the ever-increasing biodiesel production, the glycerin market grows as well. Subsequently, the fear of another glut has concerned biodiesel manufacturers, scratching their heads looking for a stable way to dispose of this by-product. There is currently enough glycerin produced in the U.S. alone for Gly-Clene to produce 27,000 megawatts of electricity per day or over 8 billion megawatts per year without even adding steam turbines to take advantage of the excess heat produced by the turbines.
For more information, there are also more video links being added on www.xcelplusglobal.com and a new website www.waste-2-energy.us under construction.
This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties. Although XcelPlus Global believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any assumption could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward- looking statements included herein, the inclusion should not be regarded as a representation by XcelPlus Global Holdings or any other person that the objective and plans of XcelPlus Global Holdings will be achieved.
You can contact Investors Relations at investorrelations@xcelplus.com
SOURCE XcelPlus Global Holdings Inc
