posted
Great pr out today. This one looks promising!
Pure Energy Corporation Forms Joint Venture with Green Star Products, Inc. and Bio-Clean Fuels, Inc. to Undertake Integrated Biofuels Production July 7, 2006 9:30 AM ET
PARAMUS, N.J., Jul 07, 2006 (BUSINESS WIRE) -- Green Star Products, Inc. (GSPI) :
-- Green Star International, Inc., a Joint Venture between Pure Energy Corporation, Green Star Products, Inc., and Bio-Clean Fuels, Inc., to Build Multiple Biorefineries in the United States and Internationally for the Integrated Production of Biodiesel, Cellulosic-Ethanol and Higher-Value Chemicals from Waste Renewable Resources
Pure Energy Corporation announced Thursday that it has entered into a joint venture with Green Star Products, Inc. (GSPI) (www.GreenStarUSA.com) and Bio-Clean Fuels, Inc. to undertake integrated ethanol and biodiesel production projects in the United States and certain select countries internationally. The JV company, known as Green Star International, Inc., was formed pursuant to a Joint Venture Agreement executed by the parties in March of this year.
The new entity, which is fifty-percent owned by Pure Energy and twenty-five-percent owned by each of Green Star Products and Bio-Clean Fuels, marks Pure Energy's first-ever strategic partnership to integrate its cellulosic-ethanol production technology with a modular methyl ester (biodiesel) processing platform in the United States.
"This partnership reflects many years of combined experience that the managements of Pure Energy Corporation, Green Star Products, and Bio-Clean Fuels have gained by developing and delivering innovative biofuels manufacturing systems," said Irshad Ahmed, Pure Energy's President and Chief Executive Officer. "If successful, Green Star International has the potential to reshape the biofuels industry by enabling the first-ever total biofuels biorefinery capable of producing ethanol, biodiesel, and other value-added chemicals and co-products in a single processing facility."
The concept of integrating Pure Energy's biomass-to-ethanol, two-stage dilute acid hydrolysis biorefinery processing platform with Bio-Clean Fuels' and Green Star Products' continuous-flow transesterification technology for the production of biodiesel offers several key advantages, including energy savings and utilization of waste heat, product marketing and logistical synergies, sharing of laboratory and QC facilities, sharing of maintenance equipment and plant operating and management personnel, and significant improvements to the overall production economics versus stand-alone facilities.
Green Star Products' President, Joseph P. LaStella, stated, "The Green Star International joint venture represents all of the various elements required to create successful, world-class biorefinery manufacturing projects both economically and practically." Green Star Products has been a strategic alliance partner of Pure Energy Corporation for a number of years, having jointly undertaken the production and supply of shipments of biodiesel to major oil companies in India from the United States. "Integration of Green Star Products' biodiesel engineering and production capabilities with Bio-Clean Fuels' technical and procurement background, and Pure Energy's patented cellulosic-ethanol technology and project implementation competence represents a well-rounded team capable of implementing multi-tiered biofuels projects efficiently and cost effectively."
"Each of the JV partners brings extraordinarily well-matched technologies, relationships, and capabilities which complement each other very well," said LaStella. "By combining our respective resources and personnel, Green Star International is well positioned to compete in the rapidly expanding biofuels market."
The joint venture, as a project implementation entity, is presently developing several U.S.-based biorefinery projects in Pennsylvania, North Carolina, Florida, Idaho, Washington, and California, as well as a number of projects outside of the United States, each with a focus on integrating ethanol and biodiesel production under one roof.
Cellulose-derived ethanol, an alcohol fuel produced from renewable waste biomass sources, such as corn cobs, switch grass, and saw dust, provides a high-quality, high-octane gasoline substitute for exceptional engine performance and reduced environmental emissions. Cellulose-derived ethanol represents the next generation of ethanol production technology that promises a number of environmental and economic benefits compared to corn-based ethanol. Biodiesel, a methyl ester fuel that can be produced from renewable organic oil sources, such as soybean, canola oils, or other virgin or waste vegetable oils and/or animal fat, is a non-toxic and fully biodegradable substitute for its petroleum-diesel counterpart. Both biofuels offer significant reductions in the amount of net greenhouse gases and harmful tailpipe emissions from gasoline- and diesel-powered vehicles. The greater use of these biofuels will promote national security by reducing dependence on foreign oil, result in value-added income to American farmers by utilizing agricultural waste, and divert significant amounts of municipal and industrial waste streams from fast-depleting landfills for useful utilization in biorefineries.
Pure Energy Corporation, a leader in engineered alternative fuel formulations, is credited with incorporating renewable fuel components, such as ethanol, into conventional fossil fuels to create cleaner gasoline- and diesel-based fuel blends for use in passenger cars and trucks. Pure Energy's patented Puranol and polymeric fuel additive systems for ethanol-diesel blends (E-Diesel) are at the core of several of the company's breakthrough alternative fuels, which have been demonstrated in over one million combined miles with the Chicago Transit Authority (www.TransitChicago.com), Archer Daniels Midland Company (ADM) (www.ADMWorld.com), Waste Management Inc. (WMI) (www.wm.com), and other industry partners in the United States and abroad. Operated non-stop between 1999 through 2001, the E-Diesel demonstration project with ADM Trucking utilized actual operational fleet trucks at Decatur, Ill., and was considered one of the longest alternative fuels demonstration projects in the country.
Pure Energy's integrated biorefinery technology platform for producing ethanol and chemicals from agricultural and municipal waste biomass represents a significantly lower-cost ethanol production process as compared to conventional technologies based on corn or sugarcane. Pure Energy is also credited as the only privately held company in the United States with a successful designation of an Alternative Fuel, P-Series, under the Energy Policy Act of 1992 at the United States Department of Energy (http://www.eere.energy.gov/afdc/altfuel/p-series.html).
Green Star Products, Inc., a holding company with equity positions in various technology companies related to, among other things, fuels, biofuels, and fuel additives, is in the biodiesel production business, having successfully built and operated a commercial-scale biodiesel plant in Bakersfield, Calif., for several years.
Bio-Clean Fuels, Inc. is a biodiesel technology and engineering company, possessing a modular, continuous-flow transesterification system for the production of high-quality biodiesel from three classes of feedstock, including used and recycled cooking oils, virgin tallow, and vegetable oils. The Bio-Clean Fuels technology is differentiated from conventional processing technologies through improved conversion efficiencies and a water-free manufacturing system.
Together, through Green Star International, Inc., the joint venture partners represent a total biofuels solution for a cleaner, healthier environment and reduced dependence on foreign petroleum, while solving the burgeoning solid waste problem.
Statements made in this press release that state Pure Energy Corporation's or its partners, or the management's intentions, hopes, beliefs, expectations, or predictions of the future are forward-looking statements. Forward-looking statements include but are not limited to statements regarding future product sales, future project development efforts, and statements regarding future research and development. Such statements involve certain risks and uncertainties. Pure Energy's actual results could differ materially from those projected in such forward-looking statements. Factors that could cause actual results to differ materially from those in the forward-looking statements include, among other things, the following: changes in public policy; general economic and business conditions; competition; unexpected changes in technologies and technological advances; ability to commercialize and manufacture products; dependence on third-party suppliers; results of laboratory studies; research and development activities; changes in, or failure to comply with, governmental regulations; and the ability to obtain adequate financing in the future.
For more information contact Pure Energy Corporation at 61 South Paramus Road, Paramus, NJ 07652, or visit the company's web site at: http://www.pure-energy.com.
SOURCE: Green Star Products, Inc.
Green Star Products, Inc. Joseph LaStella, 619-864-4010 http://www.greenstarusa.com or Pure Energy Corporation Irshad Ahmed, 201-843-8100
-------------------- I get lucky just like the rest of you. Posts: 143 | From: Columbus, OH | Registered: Oct 2005
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-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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posted
I'm all for the ethanol craze. However, I have my doubts as to the sincerity of our current administration's commitement to same. Especially since they made their fortunes in big oil and Exxon/Mobile just posted record profits. Not to mention G. Dubya's ties to the Saudis. I just don't see ethanol taking off until we have some credible leadership in the White House.
Posts: 669 | From: Gouldsboro, Pa. | Registered: May 2006
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posted
That article was from 2003. A lot is happening in this sector. More plants are being built and technology shifted towards ethanol production. Other automotive industries are working on technology to be able to make it easier to switch from gas to ethanol and back to gas. The real savings isn't there yet because ethanol still has to be produced and trucked for distribution. No pipelines. It is advancing pretty quickly though. There are some articles in the press about Bush's commitment for ethanol and green energy. And the support is spreading rapidly worldwide.
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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posted
From what I understand, ethanol is much more difficult to pipe, because it's very corrosive as compared to oil / refined product -- existing pipelines cannot be used.
But I agree that the industry has a future -- with oil steadily climbing towards $100 and beyond... I think ethanol producers will make a bundle, but we should keep a keen eye on pipeline manufacturers / installers, and on trucking companies.
Ethanol is also just as sensitive (if not more) to politics as oil -- think government subsidies for corn farmers, etc etc. It may not be as predictable as we'd like..
-------------------- the market is not your mother Posts: 1282 | From: Montreal | Registered: Mar 2006
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GSPI Consortium Commits to Five Biofuel Plants
August 09, 2006 11:40:09 (ET)
SAN DIEGO, Aug 09, 2006 (BUSINESS WIRE) -- Green Star Products, Inc. (GSPI, Trade) (Website: GreenStarUSA.com) announced today that funding commitments have been made by its Consortium of partners (see press release dated June 28, 2006) to purchase one ethanol plant and to build three biodiesel plants and purchase one ethanol research facility.
GSPI and its Consortium partners have received over 30 joint venture offers to build biodiesel plants and Bio-Refineries in the U.S. and six foreign countries.
Although most of the joint venture offers were viable projects, GSPI had to choose its projects carefully to suit the long-term objectives of the Consortium, which are:
1) Production of ethanol from low cost agricultural waste products (wood chips, switch-grass, rice stalks, municipal waste, etc.) from biomass based on our proprietary process patents (see press release dated July 7, 2006).
2) Production of biodiesel integrating our commercially proven proprietary continuous flow waterless biodiesel process in conjunction with local farmers to supply long-term feedstock (canola seeds or equivalent). This will insure sustainability of plant operation and supply fuel for the local community at competitive prices. In the rapidly expanding biodiesel industry long-term feedstock availability is of prime concern!
According to Green Star Products, most farmers are eager to participate even before we present them with reality factors concerning their long-term fuel availability.
The majority of the public does not realize that the U.S. burns 25% of the entire world oil production each day. However, the U.S. only has 2% of the known world oil reserves and only 8% of the refinery capacity.
The question is: Are the farmers (or anyone else for that matter) willing to gamble on that inequitable fuel equation to keep the farming equipment running? Probably not! What we offer the farmers in effect is insurance that we are the equivalent of a local oil production refinery that can provide fuel to local communities regardless of world oil availability.
Mr. Joseph LaStella, P.E. President of Green Star Products, stated, "We assure sustainability, if the farmer provides oilseeds to us. If this happens, we can provide fuel and animal feed at reasonable prices back to the farmer. This dual arrangement has now removed all the intermediate companies (storage, transportation, packaging, crushing) that substantially increase the retail price of fuel and animal feed. Our company and the farmers share in those savings and provide security of fuel supply."
GSPI continues to receive requests to build Biodiesel and Bio-Refinery plants and in response to this demand we have begun to increase the Consortium's engineering and field personnel to address this increased demand.
The alternative fuel industry is experiencing an unprecedented surge of financial support to greatly increase domestic capacity of sustainable fuels and energy.
A recent BusinessWeek article (August 14, 2006) titled "Wall Street's New Love Affair" explains why some of the world's smartest investors are betting billions on clean energy.
The article identified some of the richest men in the U.S. that have committed hundreds of millions of dollars to reduce Global Warming and provide energy independence for the U.S., they include: Richard Branson, Paul Allen, Bill Gates, Warren Buffett, Jeff Immelt, Vinod Khosla (Co-founder of Sun Microsystems), and Google Co-founders Larry Page and Sergey Brin.
The article further stated: "We're seeing an alignment of the environmental interests, automakers, the agricultural industry, the security and energy-independence proponents, even the evangelicals," says billionaire venture capitalist L. John Doerr. "When did all those (interests) come together before?"
In many other articles across the United States, other Wall Street giants, such as Goldman Sachs, are now in the process of committing billions of dollars to the alternative fuels industry. The race is especially acute in the ethanol industry.
Mr. LaStella also stated that, "It's a known fact that biofuel companies do extensive studies before they build and there's a lot of industry posturing for position to secure prime situations."
Green Star's competitive advantages are also tied to specific location advantages. Therefore, details will only be released as each project security is achieved. Presently, major biodiesel plant equipment (reactors, centrifuges, pumps, tanks chillers, heat exchangers, etc.) is being shipped to Northwest U.S. to commence construction in the near future.
As previously stated in our June 28 press release, GSPI Consortium strategic plans include at least 500 million gallons of biofuel capacity by 2010.
Green Star Products, Inc. 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 is involved in the production of renewable clean-burning biodiesel and other products, including 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 GreenStarUSA.com, or call Investor Relations at 619-864-4010, or fax 619-789-4743, or email info*GreenStarUSA.com. Information about trading prices and volume can be obtained at several Internet sites, including Bloomberg.com and 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.
SOURCE: Green Star Products, Inc.
Green Star Products, Inc. Joseph LaStella, 619-864-4010 619-789-4743 (fax) info*GreenStarUSA.com
Copyright Business Wire 2006
-------------------- I get lucky just like the rest of you. Posts: 143 | From: Columbus, OH | Registered: Oct 2005
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Indeed, ethanol is extremely corrosive to transport through exisiting pipelines. I read an article in a trade magazine where stainless aluminum sleeves could be used as inserts instead of new pipelines. A less expensive option would be to coat the interior of the pipe with a non-corrosive substance. You're talking a major overhaul here and neither option is cheap and ethanol will propbably wind up on trucks, trains, and ships to get to market. In order to make that a profitable alternative, oil will have to stay well above current market prices on a sustained level (>$85 a barrell or so). Knowing this, the OPEC nations will probably keep prices down to put a lid on the ethanol craze and their own oil pumping. Just my two cents worth...
Posts: 669 | From: Gouldsboro, Pa. | Registered: May 2006
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Indeed, ethanol is extremely corrosive to transport through exisiting pipelines. I read an article in a trade magazine where stainless aluminum sleeves could be used as inserts instead of new pipelines. A less expensive option would be to coat the interior of the pipe with a non-corrosive substance. You're talking a major overhaul here and neither option is cheap and ethanol will propbably wind up on trucks, trains, and ships to get to market. In order to make that a profitable alternative, oil will have to stay well above current market prices on a sustained level (>$85 a barrell or so). Knowing this, the OPEC nations will probably keep prices down to put a lid on the ethanol craze and their own oil pumping. Just my two cents worth...
Glad you found that beech. When you were talking about the alaskin piping possibly being used for ethanol because it was stainless I didn’t want to say anything.
Truth is. Ethanol cannot be piped. Right now it cost just as much to ship ethanol as it does to pipe oil to a local tank to be trucked off to a distributor. With only a 10% gas to ethanol absorption. There still needs to be a plant producing.... and there still needs to be distributors..... and there still needs to be company's controlling the distribution. cha cha cha
these green days really take a toll on the thinking cap after a night out eh.....
[ August 09, 2006, 20:38: Message edited by: BooDog ]
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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posted
okay...goin back ou in the pool with the wife and a different girlfriend this time....and yes...with no ...nvm
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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quote:Originally posted by beechwood: Field No.#8 in Prudo Bay, AK. shut down this week due to severe corrosion and substantial leakage. Reports have it offline for weeks or even months. Sweet crude is already skyrocketing in Europe as a result -- and the USA is next (guess what that'll do at the pump). Pipelines are hot cause they will be needed to transport ethanol when produced (stainless). And now this incident makes them even hotter. At .55 GNRG is a cheap, but excellent, pipeline outfit that could be poised for a run-up on the coat tails of the big boys in this sector. Any thoughts?...
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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Keep in mind I did not DD the fault of the corrosion... as an engineer it could have been caused by the normal wear and tear of whatever and not the result of whatever....lol.... this is the internet after all. not like they sent me pictures and analysis reports from the chemists. stainless or aluminum they would need separate pipe lines.
And who said it couldn't be transported instead of piped? piping took how long for oil?
[ August 09, 2006, 22:08: Message edited by: BooDog ]
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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posted
If they ever do decide to build a pipeline for ethanol gnrg could stand to benefit if they were chosen to do it. Never say never but IMO the ethanol plants would be too spread out to make a venture worthwhile.
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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