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(OTC:PSUD) PetroSun, Inc. just released some important news.

Publication: M2 Presswire
Publication Date: 30-SEP-08 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-30 September 2008-Stockwire.com: (OTC:PSUD) PetroSun, Inc. just released some important news.(C)1994-2008 M2 COMMUNICATIONS LTD

RDATE:30092008

(OTC:PSUD) PetroSun, Inc. - PetroSun and Shanghai Firm Execute Agreement

A dedicated Chat Room for (OTC:PSUD) PetroSun, Inc. has been created at STOCKWIRE.com to discuss this news event.

Visit the following link to begin chatting with your fellow shareholders: http://www.stockwire.com/chat ---------------------------------------------------------- (OTC:PSUD) PetroSun, Inc.

SCOTTSDALE, AZ -- PetroSun, Inc. announced recently that the Company has executed an agreement with Shanghai Jun Ya Yan Technology Development Co., Ltd. to establish a commercial scale algae farm system pilot facility within the People's Republic of China. The planned algae farm complex will produce algae biomass for conversion to biodiesel, ethanol and other commercial products.

The terms of the agreement include a forty million dollar sole funding commitment from Shanghai Jun Ya Yan Technology Development for the construction and equipping of the initial algae farm system. The profits from the venture will be allocated on a 50/50 basis between the parties. PetroSun China has been granted the license from PetroSun, Inc. for the algae-to-biofuel technology and will manage the operations in China....

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