MEMS USA Inc. officially changes name to convergence Ethanol Inc.
MEMS USA Inc. announced that the company has officially changed its name to CONVERGENCE ETHANOL INC. The company has simultaneously launched its new corporate logo.
"Our new name and logo positively reflect the emphasis within the company on clean fuels and biorenewable ethanol," said Dr. James A. Latty, president and chief executive officer, Convergence Ethanol. "We are extremely pleased to now be seen as part of the emerging alternative fuels market. The company is setting off down a clear and exciting path."
The Convergence Ethanol mission is to support the energy industry's production of cleaner burning fuels, through the development of profitable, biorenewable energy refineries and through the engineering, fabrication and sale of environmentally focused refinery systems and equipment.Convergence Ethanol is currently developing Hearst Ethanol One Inc. (HEO), a woodwaste-to-ethanol refinery to be built in Hearst Ontario Canada. The company owns 87% of the project. The refinery will use modern catalytic processing, as used in oil refineries, to synthetically convert cellulosic woodwaste into ethanol.
"Given the high and rising price of corn, the conversion of low-cost woodwaste will be important in future ethanol production," said Dr. Latty.
According to the Canadian Renewable Fuels Association, more ethanol is needed in Ontario in order to realize a renewable fuels mandate that all gasoline sold in that province contain at least 5% ethanol by 2007, with the goal of 10% by 2010.
