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National Clean Fuels: US and UAE Execute Clean Energy Collaboration Agreement.

May 9, 2010
City of Abu Dhabi
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HOUSTON — National Clean Fuels (PinkSheets:NACF) applauded the news that the U.S. Department of Energy (DOE) and Masdar, Abu Dhabi’s multifaceted renewable energy initiative, has just signed a Memorandum of Understanding to promote collaboration on clean and sustainable energy technologies, including research and development.

The agreement, signed at DOE by U.S. Deputy Secretary of Energy Daniel Poneman and Dr. Sultan Ahmed Al Jaber, CEO of Masdar, builds on the historically strong ties between the United States and the United Arab Emirates to establish a framework for cooperation in three key areas – carbon capture and sequestration, water and bio-fuels, and building technology. The agreement opens the door for scientific and technical exchanges and joint research and development of clean energy technologies.

“These types of collaborative agreements pave the way for the clean fuels industry to profit from mutual cooperation,” said Maurice Stone, President of National Clean Fuels. “We see this as a very good sign for NACF; validating our teaming efforts with our own clean fuel investments.”

National Clean Fuels aggressively develops alternative energy projects and profitable clientele relationships in a sector that is growing to compete in the energy industry, which contains Devon Energy Corp. (NYSE:DVN), World Fuel Services Corp. (NYSE:INT), Duke Energy Corporation (NYSE:DUK) and Penn West Energy (NYSE:PWE).

About National Clean Fuels, Inc.

National Clean Fuels, Inc. (NACF) commercializes cutting edge clean energy technologies. National Clean Fuels, Inc. is an emerging industry player capitalizing on its understanding of clean energy technology and supporting the development of alternative energy plans for corporations and government entities.

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Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words “believes,” “expects,” “anticipate” or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone’s past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.
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One Comment leave one →
  1. June 10, 2010 1:17 pm

    Maurice Stone is shady in my opinion.

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