Frost & Sullivan Award Honours Global Biofuels Limited for Its Commitment to Being a Green Energy Company

LONDON, Dec. 5 /PRNewswire/ — The 2008 Sub-Saharan Africa Biofuel
Emerging Company Award is presented to Global Biofuels Limited of Nigeria in
recognition of its commitment to producing biofuel, promoting the
socio-economic upliftment of Nigerians and reducing greenhouse gases as set
out in the Kyoto protocol.

(Logo: http://www.newscom.com/cgi-bin/prnh/20081117/FSLOGO)

“Global Biofuels Limited is establishing the first refinery for the
production of bioethanol from sweet sorghum — for blending with petrol (E10)
for use by normal cars in Nigeria,” notes Frost & Sullivan Programme Manager,
Mani James. “The company will also produce bio-diesel from safflower, (an
oilseed crop not used for food) to power industries and electric power
generators, of which Nigeria is the largest consumers worldwide.”

Thus, Global Biofuels Limited has devised an innovative solution to the
feedstock controversy (food vs. fuel) in Africa by using sweet sorghum and
safflower, while other companies use cassava and corn, both of which are
staple foods.

The grains of sweet sorghum will continue to be used for human and animal
consumption, while the sugar-rich stalks (which previously had no economic
value to the farmer) are used for ethanol production and the waste cellulose
material (bagasse) is burned for electricity generation.

“This ensures that the company is self sufficient in power generation for
its use, while the balance is sold to the national grid to generate additional
revenue,” remarks James. “The company is in partnership with the International
Crops Research Institute for Semi-Arid Tropics (ICRISAT), Praj Industries Ltd
and the Institute for Agricultural Research (IAR) Samaru to ensure that the
optimal cultivar of sweet sorghum is used.”

Praj Industries Limited has won a contract to construct production
facilities with a projected daily output of 200,000 litres of ethanol and
100,000 litres of diesel. The Nigerian National Petroleum Corporation (NNPC)
is supporting Global Biofuels Ltd to ensure the realisation of this project.

Global Biofuels Limited is anticipated to start bio-ethanol and bio-diesel
production in 2009 with an initial production capacity of 27 million litres
per year of biofuels and 30 million per annum of biodiesel. This equates to 3
per cent of the total Nigerian transport fuel market in 2009. Global Biofuels
Limited’s capacity is expected to increase to 600 million litres per annum in
2014, a significant increase in market share to 66.67 per cent, thereby making
it a dominant market participant.

“Global Biofuels Limited is committed to sustainable biofuel production in
Nigeria; its operations will stimulate rural development and large scale
commercial agricultural production with attendant job creation and technology
transfer,” comments James. “It is estimated that Global Biofuels Limited’s
initiative will create approximately 58,000 jobs in each of its area of
operation, even as it supports rural and agricultural development, reduces its
carbon footprint and converts wastes to wealth.”

The Frost & Sullivan Award for Emerging Company is presented to the
company that has emerged as a significant participant within its industry.
This company is perceived to have exhibited outstanding management, superior
market growth, exceptional customer service and the ability to combine
technology and successful strategic initiatives. This company has the
exceptional know-how to take advantage of market changes through the execution
of innovative strategies within the existing competitive landscape.

Frost & Sullivan Best Practices Awards recognise companies in a variety of
regional and global markets for demonstrating outstanding achievement and
superior performance in areas such as leadership, technological innovation,
customer service, and strategic product development. Industry analysts compare
market participants and measure performance through in-depth interviews,
analysis, and extensive secondary research in order to identify best practices
in the industry.

About Global Biofuels Limited

Global Biofuels Ltd, the Integrated Power, Protein and Biofuels Company
seeks to create value by working to stem the harmful effects of global warming
and increasing the rural dweller contributions to economic advancement. The
company’s board of directors, made up of people of impeccable character and
served by experienced executive management aim to leverage a growth strategy
which stimulate environmental wellbeing while also delivering handsome returns
to stakeholders.

     Global Biofuels Limited Contact Information
     Felix B.Obada, PhD.
     Group Managing Director & Chief Executive
     Cell: 00234 803 468 7555
     Phone: 00234 1 2706428/29

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, partners with clients to
accelerate their growth. The company’s TEAM Research, Growth Consulting and
Growth Team Membership(TM) empower clients to create a growth-focused culture
that generates, evaluates and implements effective growth strategies. Frost &
Sullivan employs over 45 years of experience in partnering with Global 1000
companies, emerging businesses and the investment community from more than 30
offices on six continents. For more information about Frost & Sullivan’s
Growth Partnerships, visit http://www.frost.com.

     Frost & Sullivan Contact Information
     Jasmine Malone - Promotions Coordinator
     Phone: 0044 207 915 7869
     E-Mail: jasmine.malone@frost.com

[Via http://www.prnewswire.com]

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