Press release from Companies

Published: 2010-03-23 09:55:53

Taurus Energy AB: Confidentiality agreements signed with two of the largest companies within the US ethanol industry

Taurus Energy AB (publ), which is listed on the AktieTorget (the Swedish Equities Market Place), has signed confidentiality agreements with two of the largest companies within the American ethanol industry. The conditions of the confidentiality agreements means neither company can be named. The reason for the confidentiality agreements is to enable discussion and evaluation of the use of Taurus' genetically modified yeast strain in the American ethanol manufacturers' production processes.

"The signed confidentiality agreements enable us to begin discussions with two potential customers with regards to our pentose-fermenting yeast strains and what development opportunities the prospective customers can see in order to use them. We aim to discuss and evaluate the potential benefits of using Taurus' genetically modified yeast, saccharomyces cerevisae, in the conversion of biomass to ethanol. In essence, among other things, this involves implementing a fermentation process for those types of biomass that cannot be eaten," says Lars Welin, Managing Director of Taurus Energy AB (publ) About pentoses and ethanol production: To be able to use pentoses (sugar molecules with five carbon atoms) in a scientific ethanol process for biomass such as straw, wheat-bran, bagasse (a by-product of sugar production) and other by-products from the forestry and agricultural sectors would make it possible to produce a lower cost and more environmentally friendly fuel. Today there is no large-scale industrial ethanol production that can exploit the full potential of these pentose sugars. Ethanol is one of the most effective fuels when it comes to reducing our effect on the environment and Taurus' technology makes it possible to increase the efficiency of ethanol production by exploiting pentose-rich biomass and waste material from the forestry and farming sectors. For further information please contact: Lars Welin Managing Director, Taurus Energy AB (publ) Telephone: 046-286 86 10 E-mail: lars.welin@taurusenergy.eu website: www.taurusenergy.eu

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