AE Biofuels Closes Public Merger

AE Biofuels, Inc., (OTCBB:AEBF), formerly American Ethanol, Inc., has closed its merger with  Marwich II, Ltd. (OTCBB:MWII). As a part of the merger, Marwich II, Ltd. changed its name to AE Biofuels, Inc.

In December 2007, AE Biofuels commissioned an operating biodiesel facility in Kakinada, India with a nameplate capacity of 50 million gallons per year.

 

In addition, AE Biofuels plans to commercialize a patent-pending next-generation ethanol technology that the company intends to deploy at its permitted ethanol plant sites in the United States.

AE Biofuels has six permitted ethanol plant sites in Illinois and Nebraska in addition to its biodiesel production facility in India.

About AE Biofuels, Inc.

AE Biofuels, Inc. is an advanced energy company that is developing, constructing and operating biodiesel and ethanol facilities worldwide. The company plans to commercialize its patent-pending next-generation ethanol technology that will enable the production of biofuels from traditional and non-food materials. AE Biofuels’ goal is to become a leader in the production and sale of renewable fuels, and to supply these clean-burning fuels to markets worldwide.