Range Fuels has been recognized by Frost and Sullivan as the recipient of its 2008 North American Alternative Fuels Technology Innovation Green Excellence of the Year Award.
The award is presented to companies that have demonstrated superior technological advancement in the green energy field and whose technologies are aligned with sustainable and environmentally-conscious objectives.
Range Fuels was one of a select group of companies to receive the award.
"We are honored to receive this recognition from Frost and Sullivan," said Mitch Mandich, Range Fuels' CEO.
"We have continued to advance the design and performance of our thermo-chemical conversion technology to bring a profitable and environmentally sustainable fuel to market. Our aim is to reduce our country's dependence on fossil fuels and imported oil, improve our environment and help create jobs in rural areas. We are pleased Frost and Sullivan has recognized these efforts while conveying our business strategy is poised for success."
In addition to recognizing technological advancement, environmental priorities and long-term sustainability, the award also exemplifies the company's leadership in the development of significant new technology that can transform the existing fuels market while creating tremendous market potential.
"Range Fuels has created a sustainable, clean technology platform with the ability to successfully scale to meaningfully reduce greenhouse gas emissions and the country's reliance on imported oil," said Matt Scruggs, research analyst at Frost and Sullivan.
"This award distinguishes Range Fuels as a leader in its field and a pioneer in the development of innovative cellulosic ethanol technology."
