Former Department of Energy Executive to Advise Algenol Biofuels

Paul Dickerson to counsel Algenol as it enters commercialization stage

NAPLES, Fla., Jan. 12 /PRNewswire/ -- Algenol Biofuels, developers of DIRECT
TO ETHANOL(TM), the most advanced third generation biofuels technology, today
announced that Paul Dickerson, former COO of the Department of Energy's (DOE)
office of Energy Efficiency and Renewable Energy (EERE) and recognized expert
on renewable energy and energy efficient technologies, will act as an advisor
to Algenol's senior management team.

While at the DOE, Mr. Dickerson led a team of 1,000 staff and administered the
EERE's $1.8 billion budget, helping to move alternative and renewable energy
technologies from the nascent stages to real-world development.

"2009 will be an unprecedented year as the new administration acts upon its
goals to lessen America's dependence on foreign oil sources and address
climate change solutions that will be critical to our country and the world,"
said Paul Woods, CEO of Algenol Biofuels. "We are thrilled Paul will be
advising us at this significant juncture as we reach the commercialization
stage. His experience and knowledge will be essential as we realize our vision
of bringing an affordable, environmentally-friendly solution to market this
year."

Prior to joining the DOE, Mr. Dickerson served as Chief of Staff for the
United States and Foreign Commercial Service at the Department of Commerce and
was responsible for the day-to-day management of a worldwide network of 1,700
employees spanning 260 offices.

He is currently a Partner at the international law firm of Haynes and Boone,
LLP, where he leads the firm's clean-tech practice group.

About Algenol Biofuels
Algenol Biofuels, Inc., a privately owned company, was founded in early 2006
and is engaged in broad research and development efforts to develop
industrial-scale production systems to make ethanol from algae. The company's
DIRECT TO ETHANOL(TM) process is the most advanced third generation biofuels
technology that produces industrial-scale, low cost ethanol using algae,
sunlight, CO2 and seawater. It is the only end-to-end commercial process that
stabilizes and reduces CO2 levels. Algenol is slated for commercial sales of
ethanol in 2009. For more information, please visit
http://www.algenolbiofuels.com or contact Tonya Dubois at 239-498-2000.

SOURCE Algenol Biofuels

Kerry Kelly-Guiliano, FD, +1-617-747-3603, Kerry.guiliano@fd.com