ITEC’s current business model is primarily focused on the sales and distribution of bioethanol for the automotive fuel markets in the United States, Western Europe and the Pacific Basin.  These markets are handled through the movement of ethanol products in bulk in rail cars, iso-tankers and parcel chemical tankers.

ITEC is also actively involved in the marketing and distribution of industrial alcohols for the use in the beverage, chemical and medical industries.  The transportation of these ethanol products is also handled in bulk in tank trucks and iso-tankers for North American deliveries and in containers, iso-tankers and parcel chemical tanker shipments for international sales.

Since its formation, ITEC has over the years maintained regional offices and or a global presence through agency relationships in Brazil, Western Europe, Southeastern Asia and Russia.

ITEC is the project developer of the Algonquian Ethanol Plant LLC (AEP), which will be an ethanol manufacturing plant in Princeton, Illinois located 114 miles southwest of Chicago.  The ethanol production plant has been fully permitted with the State of Illinois for the construction of a 117 million gallon per year (MMGY) corn based ethanol plant.

The selected Process Design Engineer for the AEP was Delta-T Corp. which is now known as Applied Process Technology International Inc.  85% of the production will be fuel grade ethanol and 15% will be industrial ethanol.  Both corn fractionation on the front end and CHP (Combine Heat and Power) technologies will be utilized for a state-of-the art manufacturing facility producing all of it on power, plus selling 45 megawatts back to the grid.  The project is temporarily on hold due to the currently unfavorable global economic conditions. New technologies being developed by other industry stakeholders and currently being tested with a demonstration plant should provide a very substantial reduction in net operating expenses which ITEC anticipates will enable the plant to commence construction in 2011.