Stratos Renewables Comments on Advantages of Sugarcane Ethanol Amid Corn Ethanol's...

Stratos Renewables Comments on Advantages of Sugarcane Ethanol Amid Corn Ethanol's Controversies

Greenhouse Gas Impacts, Fuel vs. Food Debates, Rising Feedstock
Prices and Deforestation Resulting From Corn-Based Ethanol Policies
Place Sugarcane Ethanol in Favorable Light
LOS ANGELES & LIMA, Peru--(Business Wire)--
Stratos Renewables Corporation (OTCBB:SRNW), an emerging company
developing a South American sugarcane ethanol operation, commented
today on recent controversies surrounding the corn ethanol industry.
Studies on corn ethanol published in, among other sources, Science
magazine, and recent reports about the delays in the openings of corn
ethanol facilities are mounting. The consensus in many of these
reports is that the greenhouse gas benefits of ethanol have been
greatly overstated - particularly when the derivative feedstock is
corn. Stratos company officials contend, however, that all ethanol is
not the same. Sugarcane-based ethanol, for instance, currently remains
the only actively used renewable fuel source that reduces carbon
emissions by more than it takes to produce the fuel.

Authors of these studies argue that the energy-intensive nature of
corn production, government subsidies, and the climate impacts of land
use for corn-based ethanol production render the overall environmental
benefits of ethanol small at best. Even Republican Presidential
nominee, John McCain, someone traditionally unwilling to rock the boat
on the current administration's energy policy, has spoken out against
the U.S.'s position supporting corn-based ethanol and has called for
changes more in line with Brazil's sugarcane-based ethanol industry.
To many in the advanced biofuel industry, those calls have long been
heard, particularly in places such as historically high
sugarcane-producing regions like Peru.

"I think some of the ethanol studies are a little misleading, as
there are many concrete benefits of substituting ethanol for oil that
are often not considered and frequently the studies do not adequately
distinguish among different feedstocks," said Roger Ballentine, energy
and environmental advisor to Peruvian sugarcane ethanol company,
Stratos Renewables Corporation (SRNW). "The key item most often sited
in these studies is the use of corn as the primary feedstock, and
there are huge differences in the cost of harvesting and producing
ethanol from corn than from sugarcane. The use of corn as the primary
feedstock, and the subsidies attached to the corn agricultural
industry, have been widely criticized as environmentally problematic
and as contributing to high food prices - but those criticisms don't
apply to sugarcane.

"Having said that, there is no question that the use of ethanol
can prove beneficial. I contend that showcasing the environmental
advantages of ethanol from sugarcane - particularly from land that has
not been deforested to make way for agriculture - will lead the
newly-energized anti-ethanol contingent to reconsider their broad
criticisms," continued Ballentine.

Stratos Renewables is currently in the development stages of
becoming the first-to-market sugarcane ethanol producer in Peru.
Stratos plans to utilize the country's underdeveloped northern coastal
region to cultivate and harvest its sugarcane in order to offer
competitive industry, environmental and economic advantages of
low-cost, high-yield sugarcane ethanol production. An added advantage
to developing ethanol in Peru is that it's not subject to the U.S.
import tariff incurred by Brazilian-exported ethanol.

Sugarcane ethanol production is far less costly as it requires
fewer steps during the production process. It's also significantly
more efficient than production from corn and thus has a lower
greenhouse gas profile. This is why "advanced biofuels" like efficient
sugarcane ethanol are given special preference under the Renewable
Fuels Standard (RFS) recently signed into law in the United States.
The RFS requires consumption of 36 billion gallons of renewable fuels
by 2022 - up from about 7 billion gallons a year today - with a
minimum of 5 billion gallons coming from "advanced biofuels."

"There are many good economic and public policy reasons for us to
be using more ethanol from a myriad of sources - but there is no
question that some biofuels have clear environmental and economic
advantages over others," noted Ballentine.

About Stratos Renewables Corporation

Stratos Renewables Corporation intends to be a vertically
integrated sugarcane ethanol player in Peru, committed to becoming the
lowest cost producer of ethanol globally. The company believes Peru
has ideal growing conditions for sugarcane, which allow for among the
highest yields of sugarcane in the world. In addition, Peru's economic
growth and expansion, as illustrated by recent exponential growth in
foreign direct investment and GDP growth over the last five years,
adds to Peru's promise as an attractive location for the development
of sugarcane plantations and production of ethanol. Investment-grade
credit ratings were recently assigned to Peru's long-term foreign and
local currency debt and, according to recent reports from several top
financial institutions, the Free Trade Agreement struck between the
U.S. and Peru is expected to attract additional investment and
contribute to continued economic growth.

For information about Stratos Renewables Corporation, please
visit: www.stratosrenewables.com

For information on Mr. Ballentine, please visit:
http://stratosrenewables.com/SeniorAdvisors.aspx

About Ethanol

Recent studies have demonstrated that ethanol is a clean burning
biofuel produced from renewable sources, and can be grown year after
year. In its most basic sense, ethanol is a grain alcohol and can be
produced from sources such as corn and sugar. Pure ethanol is normally
not used as a replacement for gasoline, but the integration of
percentages ranging from 2% to 85% ethanol into a gasoline supply has
the potential to cut down on not only the amount of oil consumed, but
also on the emissions generated by the burning of that fuel. Studies
indicate that ethanol significantly reduces harmful exhaust emissions,
which contribute to global warming. According to a recent United
Nations report, biofuels will account for up to 25% of the world's
energy needs by 2025.

Notice Regarding Forward-Looking Statements

This news release contains "forward-looking statements," as that
term is defined in Section 27A of the United States Securities Act of
1933, as amended, and Section 21E of the United States Securities
Exchange Act of 1934, as amended. Statements in this press release
which are not purely historical are forward-looking statements and
include any statements regarding beliefs, plans, expectations or
intentions regarding the future. Since the forward-looking statements
relate to future developments, results or events, these statements are
highly speculative and involve risks, uncertainties and assumptions
that are difficult to assess. You should not construe any of these
statements as a definitive or invariable expression of what will
actually occur or result. Actual results could differ from those
projected in any forward-looking statements due to numerous factors.
These forward-looking statements are made as of the date of this news
release and Stratos Renewables Corporation assumes no obligation to
update the forward-looking statements, or to update the reasons why
actual results could differ from those projected in the
forward-looking statements. Although Stratos Renewables Corporation
believes that the beliefs, plans, expectations and intentions
contained in this press release are reasonable, there can be no
assurance those beliefs, plans, expectations, or intentions will prove
to be accurate. Investors should consider all of the information set
forth herein and should also refer to the risk factors disclosed in
Stratos Renewables Corporation's periodic reports filed from time to
time with the Securities and Exchange Commission and available at
www.sec.gov.

for Stratos Renewables Corporation
Media
Sean Mahoney, 310-867-0670
seamah@gmail.com
or
Investors
Brandi Floberg, 310-277-4711
bfloberg@finprofiles.com

Copyright Business Wire 2008