Saline County Missouri Approves $141 Million Revenue Bonds for Alternative Energy
* Reuters is not responsible for the content in this press release.
SAN DIEGO--(Business Wire)--
Green Star Products, Inc. (OTC:GSPI) today announced that EcoAlgae
USA, LLC, has received a signed resolution from Saline County Missouri
commissioners to construct a commercial Algae Production Facility in
conjunction with an Integrated Biorefinery Complex.
EcoAlgae USA will contract with Green Star's Associated Consortium
of Companies to construct the Algae-to-Biodiesel and Next Generation
Waste-to-Energy Complex.
EcoAlgae USA received from the Saline County commissioners the
approval of issuance of $141 million of the county's industrial
development revenue bonds to finance this project. The project will be
organized and constructed in conjunction with United Biorefineries
Corp. (UBC), a technology management company, as the main Consortium
Company with other integrated licenses.
The EcoAlgae USA, LLC, project will involve algae production as
the heart of this Biorefinery Complex because its high production
biomass feedstock only requires sunlight, CO2 and brackish or
saltwater. Note these important facts about algae:
-0-
*T
1. Algae produce 100 times more oil per acre than traditional food
oilseed crops such as soy, etc. (Note: Algae produces 4,000
gallons of oil per acre per year versus 50 gallons per acre for
soy.)
2. Algae eat CO2, the major Global Warming Gas, and produce oxygen.
3. Algae require only sunshine and non-drinkable (salt or brackish)
water.
4. Algae do not compete with food crops for either agricultural land
or fresh water.
5. Algae can reproduce themselves and their oil every 6 hours, while
it takes Mother Nature millions of years to produce crude oil in
the ground.
6. Algae oil byproduct is a highly nutritious protein-rich food (30-
50%), which will someday help feed the world.
*T
Green Star Products has been a major facilitator in all aspects of
this UBC Integrated Biorefinery Manufacturing Complex model for
several years.
The Biorefinery will be the first of its kind and will incorporate
all the technologies to produce oil, cattle feed, electricity,
biodiesel, cellulosic ethanol and steam.
Besides algae feedstock, other feedstocks to produce these
valuable products come from non-food sources and are comprised of
waste wood products, organic municipal waste, switchgrass, and other
waste agricultural products such as corncobs.
The four main technologies required for this facility are:
-0-
*T
1. Algae Production, Processing and Refining by Green Star Products
2. Cellulosic Ethanol Production by Pure Energy Corporation
3. Biogas Production by MKW Biogas
4. Algae Research & Engineering by Biotech Research (BTR) and Green
Star Products
*T
UBC and the above companies have strategic alliances with other
major corporations and international engineering firms.
United Biorefineries Corp. represents the above Consortium of
Companies through licensing arrangements and is the technology
provider and will be responsible for the construction of the entire
Biorefinery Complex for EcoAlgae USA, LLC. UBC will distribute profits
from this project to its participating Consortium Companies.
EcoAlgae USA and all the participants, who have been working on
this Missouri project for over one year, would like to congratulate
Saline County and its commissioners for having the insight to provide
the opportunity to build the most advanced Eco-friendly Biorefinery of
the future.
Green Star Products, Inc. (OTC:GSPI) is an environmentally
friendly company dedicated to creating innovative, cost-effective
products to improve the quality of life and clean up the environment.
Green Star Products and its Consortium are involved in the production
of green sustainable goods including renewable resources like algae
biodiesel and clean-burning biofuels, cellulosic ethanol and other
products, as well as lubricants, additives and devices that reduce
emissions and improve fuel economy in vehicles, machinery and power
plants. For more information, see Green Star Products' Web site at
http://www.GreenStarUSA.com, or call Public Relations at 800-741-7648
and 800-340-9784, or fax 619-789-4743, or email info@GreenStarUSA.com.
Information about trading prices and volume can be obtained at several
Internet sites, including http://www.pinksheets.com,
http://www.bloomberg.com and http://www.bigcharts.com under the ticker
symbol "GSPI."
Forward-looking statements in the release are made pursuant to the
"safe harbor" provisions of the Private Securities Litigation Reform
Act of 1995. Investors are cautioned that such forward-looking
statements involve risks and uncertainties, including without
limitation, continued acceptance of the company's products, increased
levels of competition for the company, new products and technological
changes, the company's dependence on third-party suppliers, and other
risks detailed from time to time in the company's periodic filings
with the Securities and Exchange Commission.
Green Star Products, Inc.
Joseph LaStella, 619-864-4010
Fax: 619-789-4743
info@GreenStarUSA.com
Copyright Business Wire 2008
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.



Follow Reuters