Business
Maple Leaf Enters Exclusive Agency Agreement to Sell Rights to Patented Ethanol Production Technologies in China
Maple Leaf Enters Exclusive Agency Agreement to Sell Rights to Patented Ethanol Production Techno...
About this update from Maple Leaf Green World, Inc.
[{"type":"text","content":"\n\n\n\n Oct. 14, 2010 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\n >\n\n\nTSX-V: MPE\n\nCALGARY, Oct. 14 /CNW/ - Maple Leaf Reforestation Inc. (TSX-V: MPE) (the "Company" or "Maple Leaf") is pleased to announce that it has signed an exclusive Agency Agreement with a private U.S. ethanol technology patent holder (the "U.S. Group") permitting it to exclusively market and sell its products and patents that produce cellulosic ethanol as well as certain rights to a patented process for creating enzymes, in China. Maple Leaf will receive a 5% commission for any amounts paid to the U.S. Group by Chinese entities introduced to the U.S. Group by Maple Leaf.\nCellulosic ethanol is part of a worldwide move toward second generation bio-fuel using agricultural and forest waste as feedstocks, but enzymes are required to break cellulose down into sugars, which are converted into ethanol. The U.S. Group's process generates more ethanol per ton of feedstock than competitors, and requires far less water, heat and pressure. The U.S. Group has an advantage of producing low cost enzymes for cellulosic ethanol production. Bio-fuel made using this patented process is competitive with ordinary gasoline and costs less than $1/gallon to produce (ethanol selling price in China is presently US$1.65/gallon). The U.S. Group's cellulosic ethanol produces 84 percent less greenhouse gas than fossil fuels even after accounting for the energy needed to produce and transport the feed...