HOUSTON--(BUSINESS WIRE)--Gulf Ethanol Corporation, (OTC:GFET - News) announced today that it has entered into a product development and distribution agreement with Vortex Ventures, a Houston based equipment engineering and manufacturing firm -- www.VortexVentures.com. Vortex Ventures designs and manufactures processing vessels that Gulf expects to deploy in its biofuels processing plants.

“Vortex Ventures is an established partner with proven engineering and design capabilities that we expect to allow us to get our processes to market much faster,” noted JT Cloud, Gulf’s President. “This agreement gives us a key technical partner that will allow us to begin building equipment for biofuels processing in the second quarter of 2008,” he added.

Biofuels are now mainstream. Examples of investment impetus include British Airways' (LSE:BAY - News) recent investment in New Energy through its pension fund; General Electric’s (NYSE:GE - News) announcement that it is doubling its renewable energy investments to $1.5 billion.

About Gulf Ethanol Corporation

Gulf Ethanol is an alternative energy company focused on the development of the cellulosic ethanol industry with a particular emphasis on Texas and the Gulf Coast. For more information please visit our homepage at: www.GulfEthanolCorp.com.

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.

Gulf Ethanol Corporation
William Carmichael, 713-461-9229
ir@gulfethanolcorp.com