Earth Biofuels, Inc. (Earth Biofuels) has changed its name to Evolution Fuels, Inc. (Evolution Fuels). The name change is to better reflect the company’s strategy of developing demand and providing pump capacity for renewable transportation fuels at the retail level. Evolution Fuels will focus its business operations on establishing retail fueling locations that carry blends of ethanol and biodiesel.

Management stated that the company has developed its business focus as follows:

Evolution Fuels’ Plan

The company plans to build on the model of the Willie’s Place Truck Stop at Carl’s Corner, Texas – to provide destination truck stops for motorists and supply them with blends of biofuels. The company’s biodiesel production facility in Durant, Oklahoma will undergo modifications and, once complete, will be able to supply the necessary biodiesel to the company’s truck stops. Plans call for the establishment of urban fuel stations that will carry mid-range blends of ethanol such as E20 (20% ethanol blended with 80% gasoline), as well as E85 and blends of biodiesel.

New Energy Policy

The new US energy policy that is evolving within the Obama Administration emphasizes a shift from vehicle fuels derived from imported oil to fuels derived from new, renewable and domestic sources of fuel. In order to achieve such a transformation, transportation fuel consumers MUST have access to blends of renewable fuels at the pump.

How The Company Got Here:

There can be little question that soaring oil and gasoline prices which peaked in July last year at nearly $150 per barrel and $5 per gallon respectively, contributed to the current economic recession. With high prices come decreased demand and economic slowdown. Concurrent with the rise in oil and gasoline prices, the renewable energy industry faced many setbacks and disappointments. Even the most optimistic expert and advocate of the industry will admit that the task of trying to create a new industry that competes with an established 900 pound gorilla that has billions of dollars invested in infrastructure and inventory is daunting. The oil industry, in its efforts to return maximum shareholder value, has sold its product at the highest possible prices and has spent increasingly more on producing from diminishing reserves of oil to replace its inventories.

What Needs To Happen

The company leaders in government recognize that cycles of increasing volatility in the price of imported oil will continue to be a problem, even one of national security implications, as the global economy recovers. Today, much is being said about the company’s need to increase the company’s production capacity of renewable fuels, especially ethanol. According to the Renewable Fuels Association, there is currently 12.5 billion gallons of annual ethanol production capacity, of which 2 billion is idle. The Renewable Fuel Standard, passed by Congress in December 2007, increased the minimum quantity of renewable fuel required to be blended into gasoline from 9 billion gallons in 2008 to 36 billion gallons by 2022. Where is it going to go? The industry will need a plan to incentivize the distribution and retailing of the product. A great deal of work has been done in this regard and overall achievement is not as distant as some might have you believe. Tests and research has been conducted by groups in collaboration with the DOE that show blends of up to 20% ethanol can be used in most legacy automobiles.

Evolution Fuels’ Strategy

Part of the company’s strategy involves making ethanol fuel blends up to E30 available at retail pumps. One of the company’s priorities will be to help push for federal and state legislation that will provide more incentives to facilitate the build out of fuel station infrastructure for the purpose of increasing availability of renewable fuels.

The company is in the process of putting together a team of advisory experts to assist in the company’s efforts. Over the next several weeks Evolution Fuels will make announcements to update the public on its progress.

The company believes solutions to many of the obstacles are at hand, and the company believe that the company has a significant opportunity to become a leader in providing blends of renewable fuels at the retail level. The company plan to establish renewable fueling stations to demonstrate that blends of biodiesel and ethanol such as E20 may be used sooner rather than later.