WASHINGTON, D.C. -- Liquidyne Fuels Inc. says its plans to construct, own and operate a fuel-grade ethanol facility in Iowa are moving ahead and issued a status update.

Liquidyne has reached an agreement in principle with Delta-T Corporation to design the Creston plant with an anticipated production capacity of 50-60 million gallons per year. The company plans to finalize a project development agreement with Delta-T in the coming weeks.

Delta-T is known for pioneering many of the recent innovations currently in use by the newest generation of ethanol plants, including molecular sieve dehydration, zero discharge of process wastewater, and more efficient refining and purification systems to produce high quality ethanol.

Liquidyne has retained HDR Engineering of Omaha for civil engineering relating to site development, including rail transportation, site layout and land requirements, and water and waste water issues. HDR will coordinate the air permits for the Creston facility. HDR is currently providing construction management and similar site management activities for more than a dozen ethanol plants across the United States, including the VeraSun 100 million gallon per year plant being built in Indiana.

Additionally, Liquidyne is developing a strategic alliance with DeBruce Grain, a major U.S. grain aggregator with grain elevators and additional resources close to the site, to ensure a stable gain supply for the facility.

A full feasibility study identified Creston as an excellent site for a contemporary fuel-grade facility. The site was selected because of excellent access to rail and road, adequate utilities, and an abundance of corn in the immediate area. The company currently holds an option to buy the land and anticipates negotiation for the purchase of the land in the coming weeks.

Liquidyne Fuels and its project developers will be meeting in Omaha in the next few weeks to finalize details on Creston and continue early stage development on several other sites currently under consideration.

Nuclear Solutions Inc. is an innovative technology development company committed to exploring, developing, and commercializing viable products in the areas of alternative fuels, nanotechnology, environmental technology, homeland security and defense. In August 2006, Nuclear Solutions Inc. established Liquidyne Fuels Inc., a subsidiary with its own business model to establish multiple bioethanol plants using Startech Environmental Corporation's Plasma Converter technology as part of a waste-to-energy hybrid approach for bioethanol production.

SOURCE: Nuclear Solutions Inc. via Market Wire.