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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posted
I missed the shareholder meeting in vegas...bummer - free food! I've had these guys on radar for a while now. Next couple weeks should be good, new plant opening up soon also.
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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-------------------- 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
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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dagone scottrade quickstream keeps freezing on me!
-------------------- 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
they did a pretty good shake the last few days. Didn't shake me out!
-------------------- 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
First Neutral CO(2) Global Warming Biodiesel Plant To Be Built
August 15, 2006 09:30:33 (ET)
SAN DIEGO, Aug 15, 2006 (BUSINESS WIRE) -- Green Star Products, Inc. (GSPI, Trade) (Website: GreenStarUSA.com) will build the first biodiesel plant to emit almost zero net Global Warming Gases (GWG)(CO(2)) from direct plant production of biodiesel.
It is an established fact that the use of biodiesel fuel in diesel engines will reduce CO(2) Global Warming Gases (by 78% on a life cycle basis).
However, the biodiesel plants that produce biodiesel do emit GWG because they require heating input usually from natural gas, which is not renewable and emits CO(2), and they also require electricity from local utilities, which emit CO(2), and finally the chemical processes uses 10% methanol (wood alcohol) usually supplied from sources outside the U.S. and made from natural gas, all of which add to Global Warming and are not renewable.
The GSPI Consortium considered the elimination of all these factors in the design of their new biodiesel plant; the first of several (see GSPI press release dated August 9, 2006) is located in Glenns Ferry, Idaho. This would make the Idaho plant the first biodiesel plant in the world to operate at close to zero net CO(2) emissions.
If this type of plant had been built in countries that have signed the Kyoto Treaty, it would be eligible for significant additional CO(2) credits, which are now traded on world markets.
Joseph P. LaStella, P.E., President of GSPI, stated, "In order to accomplish this 'Zero Net CO(2)' concept, the following design changes had to be made to the operations of the plant."
First, our proprietary continuous flow waterless process requires less than one-third the electrical energy to operate versus existing batch plants. Therefore, we have decided to furnish our own electric generators, which will run on our own biodiesel.
The existing electrical utility connections will only serve as an emergency backup service.
Second, biodiesel plants require heat for processing. Our boilers will run on biodiesel and will only serve as a backup heat source for the plant.
Our biodiesel facility is located within 200 yards of a co-generation power plant. We are in negotiations to utilize some of the waste heat from that plant. Steam power plants must condense their steam through condensers before it can be reheated and returned to power the steam turbine. GSPI can extract all the heat it needs right before the power plant condensers. Therefore, not only does this utilize waste heat, it also increases the efficiency of the power plant.
Third, the entire biodiesel industry uses methanol in their process to chemically convert feedstock soy oil, canola oil, etc. to biodiesel fuel (which is a methyl ester).
Almost all of the methanol used in the U.S. comes from South American countries and of course is not renewable because it is produced from natural gas.
Methanol is used by the industry because it is less expensive and has some advantages over using ethanol, which can also be used to make biodiesel, except it is much more expensive.
GSPI will use ethanol to process biodiesel and transform the Idaho facility into a 100% renewable one in which 100% of the products are made in the U.S.
Part of the Idaho facilities will house an ethanol research facility, which will produce ethanol from a variety of waste products (not corn). These will include cellulose ethanol made from switch grass, wood chips and a variety of waste stalks from local farmers.
The research facility will only produce enough ethanol to supply the biodiesel plant for its operations. However, it will be eligible for significant government grants and U.S. Department of Energy low interest loans to demonstrate the ability to produce ethanol from agricultural products.
The U.S. Government has launched a massive incentive program to create an industry to produce ethanol from waste agricultural products.
In June 2006, the U.S. Government announced a $160 million dollar research program to investigate the development of ethanol production from cellulose feedstock and as recently as yesterday (August 14, 2006) the U.S. Department of Energy launched a two billion dollar low cost loan guarantee program for clean energy. The program includes cellulose ethanol research.
The GSPI Consortium has extensive experience in producing cellulose ethanol from waste agricultural products and will submit proposals for these extensive Government programs. The most recent patent granted (to a GSPI Consortium partner) in conjunction with producing ethanol and other downstream valuable chemical products from agricultural waste was issued on June 21, 2006 (see press release dated July 7, 2006, titled "Pure Energy Corporation Forms Joint Venture with Green Star Products, Inc. and Bio-Clean Fuels, Inc. to Undertake Integrated Biofuels Production").
Mr. LaStella further stated, "The Idaho facility will be the first of its kind in many aspects. The facility itself is comprised of a 90,000 sq. ft. facility with modern grain holding facilities. It has a 1,000 feet railroad spur and also can unload and load railroad cars and trucks from its elevator facilities."
The facility is located in Glenns Ferry, Idaho, which is an old railroad town and has extensive existing railroad facilities.
The Mayor of Glenns Ferry has welcomed our company and there is also support for the plant at the state level. Much of the biodiesel plant equipment has already been shipped to the site and we are awaiting final approval to start construction. (See pictures at GreenStarUSA.com.)
The Glenns Ferry Facility will have a startup biodiesel production capacity of 10 million gallons per year. However, most of the equipment is designed for a quick expansion as state demand increases. The facility's infrastructure can support 60 million gallons per year capacity, not including the supporting ethanol production.
The Glenns Ferry Facility will be the first Biodiesel Plant in the World to emit Near Zero net Global Warming Gases.
WallSt.net conducted a telephone interview with GSPI on Monday, August 14, 2006. In the interview, Joseph LaStella, President of GSPI, reviewed current operations and discussed the future prospects of the Company. Interview highlights include detailed discussions on the following topics:
-- Overview of the Company
-- Capitalization to achieve its strategic objectives
-- Market trends in the biofuels industry
-- Company's management team
-- Company's competitive edge in the market place
-- Where to get more information
To hear the interview in its entirety, visit http://www.wallst.net and click on "Interviews."
Green Star Products, Inc. (GSPI, Trade) 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 Fax: 619-789-4743 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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[ August 16, 2006, 05:20: 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
Not sure what the chances are for recovery here, charts taint lookin dat gr8. See what happens when you put sumtin in the hot section dat taint hot yet mgordy?
-------------------- 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
Should be some better figures by the end of the month. Gonna have this on the back burner for a bit.
-------------------- 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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GSPI and NRG Resources Announce SEMA Show a Success for TVT 24/7 Lubricants Thursday November 9, 12:38 pm ET
SAN DIEGO--(BUSINESS WIRE)--Green Star Products, Inc. (OTC:GSPI - News) today announced that the 2006 SEMA Show (see press release dated Oct. 26, 2006 - "GSPI And NRG Resources Present TVT 24/7 Products At 2006 SEMA Show") was a showcase success for the NRG marketing team. ADVERTISEMENT
The eight-man team was able to signup dozens of new clients including interest from major store chains.
The NRG-GSPI research team has also developed a new product to lubricate and protect oil transmission pipelines at the request of the Oil Pipeline Industry. Oil pipeline companies from Russian and Kazakhstan have shown interest and samples of the new product have been shipped for testing. Full scale testing of this product in actual oil pipeline applications is tentatively scheduled for early 2007. Russia and Kazakhstan have an extensive oil pipeline transmission system extending from China to the EU, and from Siberia to the Caspian Sea.
Green Star Products, Inc. (OTC:GSPI - News) 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' Website at http://www.GreenStarUSA.com, or call Investor Relations at 619-864-4010, 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.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.
Contact: Green Star Products, Inc. Joseph LaStella, President, 619-864-4010 619-789-4743 fax info*GreenStarUSA.com
-------------------------------------------------------------------------------- Source: Green Star Products, Inc.
GREEN STAR PRODUCTS (Other OTC:GSPI.PK) Delayed quote data
Last Trade: 0.105 Trade Time: 3:15PM ET Change: 0.005 (5.00%) Prev Close: 0.10 Open: 0.103 Bid: N/A Ask: N/A 1y Target Est: N/A
New! Try our new Charts in Beta 1d 5d 3m 6m 1y 2y 5y
-------------------- " A man's got to know his limitations." Clint Eastwood in Magnum Force Posts: 179 | From: Virginia Beach , Va | Registered: Oct 2006
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