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International Energy Announces Appointment of President & CEO to Lead Biofuels Commercialization
Newark, NJ –
July 31, 2008 – International Energy, Inc. (OTCBB: IENI), a developer of leading-edge technologies for the renewable generation of photosynthetic biofuels, today announced the appointment of Mr. Gregory Bryant O’Reilly as President and CEO, succeeding Mr. Derek J. Cooper who will continue to serve as Director of the Company.
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International Energy Announces Appointment of ''Algae-to-Biofuels'' Expert to Advisory Board
Vancouver, BC –
May 12, 2008 – International Energy, Inc. (OTCBB: IENI), a developer of leading-edge technologies for the renewable generation of photosynthetic biofuels, today announced the appointment of microbial biologist and algal biofuel expert, Prof. Anastasios Melis, Ph.D., to the Company’s Science Advisory Board.
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As a result of current high oil prices, depleting fossil oil reserves and growing concerns about increased levels of atmospheric carbon dioxide, algae have emerged as one of the most promising sources for biofuel production.
The process of industrial scale organism growth in photo-bioreactors is non-toxic and non-polluting, can be scaled-up, offers a renewable energy supply, and aids in carbon sequestration and the mitigation of climate change.
In contrast to biofuels from food crops or cellulosic materials, certain algae produce and accumulate oil naturally and can in the process clean up waste by absorbing and utilizing nitrogen oxides and carbon dioxide. |
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International Energy, Inc., (Symbol: IENI) is developing leading edge technologies for the production of biofuels derived directly from the photosynthesis of green microalgae, which can accumulate up to 30% of their biomass in the form of valuable biofuels.
Our technology seeks to convert water (H2O) and carbon dioxide (CO2) into useful long-chain liquid hydrocarbons from the photosynthesis of unicellular microalgae, which offer advantages in the production, storage and utilization of renewable biofuels, as they can be harvested easily, stored in liquid form and do not require special containment systems.
Additionally, raw algae can be processed to make biofuel, the renewable equivalent of petroleum, and refined to make gasoline, diesel, jet fuel, and chemical feedstocks for plastics and drugs. As a result of current high oil prices, depleting fossil oil reserves and growing concerns about increased levels of atmospheric carbon dioxide, algae have emerged as one of the most promising sources for biofuel production. More
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