GreenFuel Vice President to Participate on Expert Panel Discussion of Carbon Management Solutions

AUSTIN, Texas--July 25, 2005--

WHO:      Marty Goldenblatt, VP of Sales, GreenFuel Technologies
          Corporation

WHAT:     Panel titled "Carbon Sequestration: Can Actual Practice
          Match the Hype?"; GreenFuel will present a white paper on
          "Carbon Capture"

WHEN:     Monday, July 25, 1:30 p.m.

WHERE:    Annual meeting of the National Association of Regulatory
          Utility Commissioners (NARUC) at the Hilton Austin in
          Austin, TX

GreenFuel Technologies Corporation, a privately held company providing emissions-to-biofuel conversion services to power plants and industrial facilities, announced today its Vice President of Sales Martin Goldenblatt will participate this afternoon in a panel discussion of carbon management options at the annual meeting of the National Association of Regulatory Utility Commissioners (NARUC). The panel session is titled, "Carbon Sequestration: Can Actual Practice Match the Hype?"

Goldenblatt will present a white paper on the capacity of biological processes utilizing photosynthetic algae to convert smokestack carbon dioxide emissions into commercially valuable products, such as renewable fuels.

The Carbon Sequestration session is scheduled to take place from 1:30 p.m. to 5:00 p.m. For additional information on the conference details, feel free to visit http://summer.narucmeetings.org/.

About GreenFuel Technologies Corporation

GreenFuel's mission is to utilize its suite of proprietary advance biotechnologies to profitably transform exhaust gases from power plants and industrial sites into renewable biofuels, worldwide. The company's patent-pending system is linearly scalable, produces no harmful byproducts, and is compatible with untreated water supplies. GreenFuel is presently negotiating facility installations domestically, as well as internationally. Funded in part by lead investor Access Industries, a global private equity investment group, GreenFuel is headquartered in Cambridge, MA. For more information visit www.greenfuelonline.com.