lon morton tkwdddunncarneycom brand new compnay never marketed seen types move 400 first day marketing expect 6th unbelieveable solid company petrosun drilling psud current price 130 05 friday without marketing current news petrosun announces formation algae biofuels petrosun drilling inc psud news emerging provider oilfield services major independent producers oil natural gas announced today company formed algae biofuels inc wholly owned subsidiary algae biofuels engaged research development algae cultivation energy source production biodiesel economically feasible ecofriendly alternative petroleumbased transportation fuels rd production facilities algae biofuels based arizona australia petrosuns formation algae biofuels forwardlooking strategy said l rayfield wright president petrosun 0pp0rtunity produce renewable energy product assist providing healthier planet future generations ignored biofuel fuel derived biomass contains recently living organisms metabolic byproducts biofuel renewable energy source unlike natural resources petroleum coal nuclear fuels agricultural products specifically grown use biofuels include corn soybeans extensive research currently conducted determine utilization microalgae energy source applications developed biodiesel ethanol methanol methane even hydrogen independent studies demonstrated algae capable producing 30 times oil per acre current crops utilized production biofuels algae biofuel contains sulfur nontoxic highly biodegradable office fuels development division department energy funded program 1978 1996 national renewable energy laboratory known aquatic species program focus program investigate highoil algae could grown specifically purpose widescale biodiesel production species algae ideally suited biodiesel production due high oil content excess 50 extremely rapid growth rates one biggest advantages biodiesel compared many alternative transportation fuels used existing diesel engines relieves automotive manufacturers make costly engine modifications biodiesel also mixed ratio conventional petroleum diesel result alternative fuel used current distribution infrastructure replacing petroleum diesel either wholly diesel fuel blend minimal integration costs petrosun petrosuns current operations concentrated arklatex region plans expand new mexico arizona utah australia 2006 petrosun provides comprehensive array products services oil industry companys cuttingedge technologies combined proven ability apply effectively safely within disciplined roi framework creates longterm value petrosun shareholders partners petrosun headquartered phoenix wed 05 jul 2006 124840 0100 investment idea