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Thanks JW...This stock should be flying in my opinion but we seem to be stock. I'm not worried about lower oil prices curtailing demand for USSE fuels but with what USSE offers? It just seem to be a waiting game before the price explodes to the upside.
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U.S. Sustainable Energy Corp. Presents Biofuel Discovery and Green Power Solution to Senator Kerry, Governor Patrick and Boston's Mayor Thomas Menino
BOSTON, MA--(MARKET WIRE)--Jan 22, 2007 -- Presenting at Northeastern University today in Boston, Mass., a new biofuel discovery for producing green energy was recommended by U.S. Sustainable Energy Corp. (Other OTC:USSE.PK - News) to a group of Massachusetts officials and government leaders that included Senator John Kerry, Governor Deval Patrick, Boston Mayor Thomas Menino, and other leaders from universities and local government.
ADVERTISEMENT Highlights included an introduction to the Rivera Process, a major advancement for green energy that creates a quality organic-based fertilizer, while also producing unique biofuel and biogas natural byproducts at a very low cost. Unlike other biodiesel alternatives however, the USSEC biofuel has a thermal value similar to petroleum diesel, displays no corrosive behavior, and is resistant to all weather conditions up to -90 degrees Fahrenheit. The Rivera Process also creates three times more biofuel per bushel than any known green fuel alternative, and is ideally suited for use in turbines and power plants.
The USSEC presentation in Boston comes a day after Governor Patrick's commitment of Massachusetts into the Regional Greenhouse Gas Initiative (RGGI), a multi-state program designed to reduce harmful emissions and tackle global climate change. Kyle Barnette, spokesman for USSEC, stated, "The environmental solutions presented today by U.S. Sustainable Energy can effectively help Massachusetts reach all of its goals -- to curb greenhouse gas emissions, create new economic development opportunities, and significantly reduce energy costs. We clearly believe that USSEC's biofuel and energy advancements are by far the most viable form of Green Power available."
The USSEC team -- including CEO and founder John Rivera -- has been touring energy and power facilities across the state all week, to include presentations and a seminar for postgraduates and faculty at the University of Massachusetts. Activities also included surveying potential locations for future USSEC energy sites, and discussing the creation of academic grants and internships for students committed to the bio-energy field.
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Anybody know how much the biofuel reactors that they are advertising for sale on their subsidiary's website cost? Not that I need on but I'm curious.
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Good news but isn't really moving the PPS a whole lot . I think the only real news that is going to move this is news that the company is producing fuels and generating an income .
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Press Release Source: U.S. Sustainable Energy Corp.
Vegetable Energy Group, LLC Announces Massachusetts Green Electricity Initiative Tuesday January 23, 9:55 am ET
Vegetable Energy Group, LLC dba Vee-Go Energy Signs MOU With U.S. Sustainable Energy Corporation, Sustainable Power Corporation, and E2M.org for Establishment of Green Electrical Energy Consortium in Western Massachusetts
EASTHAMPTON, MA--(MARKET WIRE)--Jan 23, 2007 -- Following more than a year of collaborations with Western Mass. elected officials, energy producers and family farmers in the United States and Canada, Vee-Go Energy CEO Michael Garjian announced today the signing of a Memorandum Of Understanding detailing the creation in Western Massachusetts of what could be the largest green electrical energy consortium in the Northeast. The MOU calls for the formation of a green consortium to be owned jointly by United States Sustainable Energy Corporation (www.ussec.us), a publicly traded company (Other OTC:USSE.PK - News); Vegetable Energy Group, LLC d/b/a Vee-Go Energy; and E2M.org (www.e2m.org). This consortium will work with USSEC subsidiary Sustainable Power Corporation (www.sustainablepowercorp.com) to provide wholesale green electrical energy and generation plants to public and municipal electricity buyers throughout the state. The green electricity will be generated by Sustainable Power Corporation (SPC) using a revolutionary new biofuel invented by John H. Rivera, CEO of US Sustainable Energy Corporation (USSE).
ADVERTISEMENT
The biofuel discovery by U.S. Sustainable Energy Corp. is a major advancement for green energy that creates a quality organic-based fertilizer, while also producing unique biofuel and biogas natural byproducts at very low cost. Unlike other biodiesel alternatives however, the USSEC biofuel has a thermal value similar to petroleum diesel, displays no corrosive behavior, and is resistant to cold weather conditions up to -90 degrees Fahrenheit. USSEC's technology, known as "The Rivera Process," also creates three times more biofuel per bushel than any known green fuel alternative, and is ideally suited for use in turbines and power plants.
This week, Vee-Go Energy hosted a USSEC and SPC executive delegation, for meetings with power generators and buyers throughout Western Massachusetts. These included the Hampshire Council of Governments Electricity Program, Lower Pioneer Valley Educational Collaborative Energy Services Program, the Mt. Tom Power Station in Holyoke, and Chicopee and Westfield municipally owned utilities. USSEC and SPC have offered to provide the fuels and equipment that could enable the Mt. Tom Power Station to significantly reduce their current CO2 and other emissions and provide 150 megawatts of new green generation capacity. The consortium has also offered to install smaller turbine generators in municipal utilities located in Western Mass. and throughout the state. The first plant could be operational in a year if local utilities are able to provide letters of intent or purchase contracts which would enable SPC to begin the engineering and permitting process. The consortium has offered to provide buyers with green electricity at a guaranteed 10% discount below the lowest fossil fuel electricity prices for a term of ten to twenty years.
Project Coordinator and E2M CEO Michael Garjian states, "Within Western Mass. alone is enough market interest in green energy and the USSEC process to justify the installation of more than 600 megawatts of new green energy production. If buyers are willing to contractually commit to purchase green power, the consortium is ready to move ahead and provide the electrical power and generation facilities." Initially, biofuel would be shipped from USSEC's 500,000 square foot manufacturing facility on the Mississippi River in Natchez, MS via barge, rail, or pipelines. To supplement USSEC's first stage manufacturing phase of 1,200,000 gallon per day capacity, Rivera's biofuel could be produced locally.
To this end, Vee-Go Energy and E2M.org will expand their long time collaboration with the Central Connecticut Cooperative Farmers Association (www.cccfeeds.com), a family farmer cooperative that produces Vee-Go Energy Pellets, a new fuel for pellet stoves. "We will help the CCC expand its educational programs to teach family farmers to grow soybeans, crambe, canola and other energy crops throughout the Northeast and eastern seaboard areas. Our intention is to develop a totally self-sustaining energy infrastructure of family farmers who provide energy crops on a guaranteed profit basis to Rivera Process facilities located in economically depressed areas, manufacturing millions of gallons of fuel a month for green electricity generators throughout the state to be sold at lower-than fossil-fuel prices," Garjian added.
In addition to their meetings with utilities, the delegation presented a seminar for postgraduates and faculty at the University of Massachusetts and discussed the creation of academic grants and internships for students committed to the bioenergy field. "Our interest is to see USSE and Vee-Go Energy involve the University of Massachusetts, a leading research institution, as it enters the emerging area of bioenergy sciences," stated Garjian. Following the week's efforts, USSEC also attended as invited guests to Senator Kerry's 2nd Annual Business Procurement Conference at Northeastern University, where the Rivera Process was introduced to key delegates and business partners in Massachusetts, including Senator Kerry, Governor Patrick, and Boston's Mayor Thomas Menino.
About E2M
E2M is the designation Garjian, a longtime inventor holding nine worldwide patents, gave to his January 1, 2000 vision of a sustainable "Economic Model for Millennium 2000." He felt it made little sense to build sustainable business and energy infrastructures in an unsustainable economy, so he founded E2M.org to establish an E2M regional model of sustainable community capitalism -- first in Western Massachusetts then throughout the commonwealth and beyond. E2M has garnered the support of elected officials, educators, economists, entrepreneurs, labor leaders, students, and community members. E2M's role is to use its equity ownership and cash flows from its percentage of green electricity sales to create millions of dollars of community wealth for E2M's Regional Economic Councils (E2M RECs). The E2M RECs are citizen populated councils mandated under the E2M model to use their community wealth for loans and entrepreneur friendly venture investments to form more E2M Certified businesses who share wealth with their communities, to create new entrepreneurial programs, and address the community's most pressing social and environmental needs. E2M's goal is to build a sustainable economic infrastructure where economically powerful communities partner with corporations and governments and where people are more valued than profits. For more information, please visit E2M online at www.e2m.org.
About U.S. Sustainable Energy Corp.
U.S. Sustainable Energy offers a revolutionary and patent pending new energy process that creates three times more fuel per feedstock unit than any other biofuel process. The company has engineered the first bio-renewable fuel able to serve as a replacement to diesel with none of the negative traits associated with competitive fuels.
The USSEC biofuel is furthermore created at a nominal cost as the byproduct of producing organic fertilizer from recycled waste products, a discovery made during research into agricultural biomass now known as the "Rivera Process." The technology offers a solution to foreign oil dependence, significant reduction to the cost of electricity and ethanol production, and the eventual reversal of greenhouse gas emissions.
For more information on U.S. Sustainable Energy Corp, the biofuel discovery, and their advancements in green energy, visit www.greenpowergroup.com.
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Thats about my luck . I've been averaging down and decided to sell off some of it for a small profit just to mainly keep a good spirit about the stock . No sooner did I sell it started pulling some . Oh well there's no such thing as a bad profit right ?
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Well, after the Presidents speech I'm excited. He mentioned he wants to increase the amount of alternative fuels 5 times ( ) what they had originally estimated. USSE and some of the others (like AMHD) should do very well if averything come to pass the way he said in the speech.
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quote:Originally posted by Stockstar69: Well, after the Presidents speech I'm excited. He mentioned he wants to increase the amount of alternative fuels 5 times ( ) what they had originally estimated. USSE and some of the others (like AMHD) should do very well if averything come to pass the way he said in the speech.
it sounds good but it`s over the next ten years! it will be some time before ANY of these pinks sheet companies actually see any bennifits ( if at all ) and you can bet your azz if REAL money DOES start flowing out of washington over the next few years the big boys will be all over it. some of these stocks may run a bit on this news if they get pumped hard enough but they will all drop back down soon enough! play the runs,play the hype just dont buy the BS thats bound to start flying around here!! GLTA!!
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According to the IR Firm, Redwood Consultants ( http://www.redwoodconsultants.com/ ) the EFFECTIVE OS will stay at 140M. While technically the OS will be 646M, 500M of that is restricted for 2 years. Basically what that means is that there is and will remain for now, a total of 146M Tradeable Shares.
There absolutely will be NO Reverse Split, so the EFFECTIVE OS is and will remain at 146M. (See note above.)
Bottom Line on the Share Structure: 500M Restricted Shares have been added to the A/S and OS, so effectively there is NO change to the existing LFZA share structure.
======================== John Rivera, CEO, USSE ==============
11/07/06 Wall Street Resources, Inc. Releases an Analytical Profile on U.S. Sustainable Energy Corp. With a 12-Month Target Value of $5.55 http://biz.yahoo.com/iw/061107/0181065.html
11/06/06 U.S. Sustainable Energy Corp. Announces Analysis Reports of Company's Unique Patent-Pending Green Biofuels Conducted by Summit Environmental Technologies, Inc. http://biz.yahoo.com/iw/061106/0180676.html
New Investors: Make sure you read the Letter from Cornell University below!!
Please watch the 15 min video on the following link. It will blow your socks off! You may have to right-click save on the Download Now link and then watch it after you've downloaded it:
There are a LOT of pictures at the bottom, showing various parts of the production process and demonstration of the product.
I myself, zardiw (Hans Brost) traveled to Mississippi to DD this company, and view the live validation/demonstration of this biofuel. You can see a diary/**** of my trip in the following 'Your Man in Natchez' series posts:
Also, see Mhinsea's revenue projections below. 10 weeks to first revenue.
The company is releasing news on a continuing basis to keep it's investors and the public informed about the latest developments. Soon, this will not just be Business Wire news, but CNN/TV Media type news.
US Sustainable Energy Corp reverse merged into the LFZA shell on 11 October, 2006.
USSEC has a WORKING 65 foot reactor that is producing this biofuel, and is in the process of building 200-300 more!!
"USSEC has successfully demonstrated the most cost effective method of producing biofuel estimated at $.50/ gallon according to exhaustive studies and independent Lab confirmation."
"USSEC holds patent pending technology for a new breakthrough biofuel"
"USSE does not produce biodiesel. It is hydrocarbon-based fuel that is more similar to a petroleum product than biodiesel. Besides being a better fuel and having inherently higher energy density than biodiesel, it can improve biodiesel performance in three ways. It lowers the cloud point temperature, improves low temp viscosity, and increases the energy density. Right there is a market and a good one. During the conversion process the beans and/or corn are loaded in one side of the reactor, enter into the vacuum/reaction chamber, and the gas, liquid, and solids are separated at the end. The gas is similar to a natural gas but higher in energy density as well. It also contains a significant portion of hydrogen which helps engines burn the hydrocarbons cleaner. The gas can be ported to run turbines to generate electricity. The liquid can be used to blend with biodiesel or blended with petroleum diesel, gasoline, and perhaps aviation fuels. The carbon waste can be burned for energy. The rest of the solid can be used as fertilizer. Every portion of the output has a market.
USSEC does not have a niche, it will create a new source of fuels. It is not separate from the biodiesel industry, it will be in a class of its own."
"Kelmer R. Smith, Jr. PE, CEM, CPP, President of I.C. Thomasson MS Operations, stated, "For the last several months, I have had the privilege of assisting USSEC in preparing a Basis of Design Document for their Natchez, MS, production plant as well as a feasibility study for their Vidalia, LA, power generation station. I have personally witnessed the production of the USSEC biofuels and have seen one formulation demonstrated as a 50/50 fuel in a variety of unmodified diesel engines and a second 100% formulation demonstrated in several gasoline engines. In my opinion, USSEC will produce the next generation biofuels with significant, positive socio-economic impacts. I.C. Thomasson Associates, Inc. is elated to be chosen as the design professional to assist USSEC in implementing this ground-breaking technology."
"Unlike other biomass gasification, the USSEC process can operate at a variety of scale, converting even waste biomass into fuel and fertilizer. The fuel produced will ultimately be more valuable than ethanol or methanol, and the USSEC process can convert biomass materials at an efficiency that cannot be matched by currently planned operations. In addition, unlike virtually all other approaches for biomass to energy, which deplete soil nutrients, the USSEC process restores and enhances soil mineral and carbon content. As a direct result of this revolutionary approach to integrated energy and fertilizer production from biomass, the USSEC process effectively removes Greenhouse Gases from the atmosphere, and can do so profitably before the value of Green Certificates and Carbon Credits are considered."
"I have worked with John Rivera in the past (GWE years) and am familiar with the reactor and the process. I have been to GWE/USSEC in Port Gibson many times and have had numerous discussions with USSEC personnel about the technology. I have not been inside the facility in Natchez but have been to the site.
IMHO, this is a very convenient method for conversion of any biomass into fuels and perhaps other chemical commodities. Alkenes are a gaseous component (ever heard of polyethylene or polypropylene ?). IMHO, this could be biosource for some petroleum commodities. The process is direct, you load the material in one side of the reactor and separate out the water, fuels (liquid and gas), and residue at the other end. I do believe that it is groundbreaking in that ANY high oil containing biosource (soybeans, cottonseed, rapeseed, sunflower, leaves, grasses, etc...)should be able to be fed into the reactor and yield good hydrocarbon output. Soybeans and soy/corn combos have been tested with good success. Since corn is high in starches, this bodes well for using grasses, wood, and other cellulosics. It should also be very good for extraction of organics from shale oil sands, etc... maybe conversion of coal or peat into liquid fuels. What is not known is how variable the output is based on the input and how the output varies with changes in reactor conditions. Further research in needed here, IMHO. At the least, this is a very interesting and promising application of a catalytic decomposition process.
JR is a very hard working, diligent, and intelligent man. I cannot predict his success but I would d*** sure not bet against it. I can say without question that he is as dedicated as they come to this. He eats, breathes, and sleeps USSEC. If USSEC fails, it will not be because of a lack of trying or he gave up. They'll have to carry him out in a coffin. He also has a very good group of employees working with him."
FoggDogg's Take on the Conf. Call:
Anyway, I just listened to the CC replay! So we primarily make the(7-3-7) fertilizer with two waste bi-products that make biofuel and biogas; with the fertilizer sales funding the production of the bi-products. Thus, entitling USSE to reap the lucritive green tags, green credits, etc....
From what JR stated, USSE will obtain lines of credit to finance the construction of the the Natches plant to its full production capacity(200 tubes) to 1.5 million gallons a day. Thus, no dilution!
Now, I think people may get confused about the primary production of the 7-3-7 being the main source of income. That is not the beauty of JR's process, nor where the BULK of the revenues will come from! Although, it IS beautiful that the 7-3-7 goes right back in to the ground to revitalize the soil. Meaning USSE pays a premium to obtain the soybeans and the farmers gaurantee to buy the 7-3-7. WIN WIN
Also, the mandate by congress requires ALL states to be using a certain percentage of GREEN fuel by 2008. Although the percentage is small, it's still huge!! I think we have found OUR niche!
There was a question on the CC that asked about sales on the retail level, i.e. your local gas station; JR stated that, that would not be in the best interest of the company. WOW, so we fufill citys, states, governments, and the militarys need here and abroad! I like that because the infrastruture to incorporate ethanol for cars, trucks, etc is being implemented and there would be huge politics to overcome to derail the ethanol efforts.
So one question I have is how does the 1.5 million gallons a day get stored and delivered? Pipelines? Trucks, trains, tankers??
All IMHO, I welcome all critics, as I certainly may have made a wrong assumption. USSE on MONDAY????? WEEEEEEEEEEEEE
ABOUT USSEC posted by Toomba
USSEC is an international producer of American Biofuels solutions through its proprietary and patent pending processes, Biofuels products and molecular structure of the Biofuels. From its testing plant in Mississippi, USSEC has produced various Biofuels which have been used to operate all engines including diesel generators, automobiles, trucks, railroads and jet airplanes. The Company can use many different biomass materials including corn, rapeseed, jatropha, palm oil, etc., to produce its Biofuels. USSEC can also utilize its Biofuels to co-generate electricity. USSEC is dedicated to building Biofuels facilities to produce Green Power. If USSEC produces Green Power in any state in the United States that have a Green Power program or any country signed as a member of the Kyoto Convention then USSEC will generate Green certificates known as "Green Tags". Green tags, also known as Renewable Energy Credits (RECs) or Tradable Renewable Certificates (TRCs), are a market mechanism that represent the environmental benefits associated generating electricity from renewable energy sources. Rather than functioning as a tax on pollution-causing electricity generators, as traditional carbon emissions trading programs do, green tags function as a non-governmental subsidy on pollution-free electricity generators.
In states which have a green tag program, a green energy provider, such as USSEC, is credited with one green tag for every 1000kWh of electricity it produces. A certifying agency gives each green tag a unique identification number to make sure it doesn't get double-counted. The green energy is then fed into the electrical grid (by mandate), and the accompanying green tag can then be sold on the open market.
====================== A True Skeptic's Story =================
J_Livermore was very negative on this whole process/stock, and made no bones about posting his views. However, he has done some investigating and changed his mind. Many now distrust him and say he is a manipulator, etc. At first I did not trust his turnaround either, but the following changed MY mind. I believe he is a credible long at this point. He has done his own research, and the result was positive.
By J_Livermore:
This weekend I have completed about 90% of the DD on what I believe is out there on what I will call "The USSE Project" ("The Project"). I have gone back as far in time as 1999 in some areas, and as far away in place as Italy in others. I have looked at the PLAYERS and where their interests lie - from LFZA and its players(the auto company), to the same at TITT, Toups Tech., EFTI, Caste-Crete, CYBR, USSEC, USSE, and finally to the proposed spin off - presumably USSP. I have delved into what I think is the technology of Pyrolytic Carbon and applied technologies (and misuse of the term at times - perhaps here - as the original term relates to Pyrolytic Carbon deposition on a substrate). I have looked at bacterial technologies regarding energy extraction from organic materials. I have reviewed The Kyoto agreements and the potential financing possibilities under its auspices. I have reviewed short-selling practices in the Pinks and the profiles of the type of activity and representations the various Market Makers engage in - for example Schwab is a different animal than CYLP or NITE. I have reviewed film of the event and followed, with keen interest, the journals of those who were there and who were describing THE PHYSICAL SCOPE OF LAND AND FACILITIES. I have looked at the economy and needs for the infusion of new industry in Vidilia and the political push that comes from this. I have considered the experience, responsiveness, proactivity, and planning capabilities of those running - The Project.
And I looked down at what appeared initially as a random mosaic of scattered puzzle pieces - each pretty - but with no continuity. AND THEN THE PIECES STARTED COMING TOGETHER.
There are still some holes that needed to be filled, but when I stood back, the SCOPE of The Project hit me!
USSE, is the nugget - the catalyst - sitting at the very epicenter of a truely momentous undertaking that is international in scope - INCLUDING FINANCING - and has the potential for positively affecting the lives of not only shareholders, but the citizens of Vidilia, and anyone desiring energy independence for the U.S.
I am at this moment in awe at the picture before me. I now see what so many others on this board have seen.
I stand speechless.
====================== What You Can DO, by Z ============
Hi all. Here are some steps you can take.
Number one is to get this puppy on National TV.
We have contacted the Clinton Foundation. Eco Power/independence is a subject near and dear to his heart. When Bill Clinton gives his blessing to USSE, say goodbye ma.
But we also need you to do your part. We only need ONE major network to pick this up and this stock will soar to unimaginable heights.
We will have played a part in securing this countries energy independence and guaranteeing a cleaner environment both for us and our future generations. This is truly one of the most awe inspiring events to happen in the history of the country.
SO, tell everybody you know. Let's get this on National TV.
==================== Include This in your Email (s)===============================
Small BioFuel company in Port Gibson, MS wants to take on Exxon:
MEDIA RELATIONS: 5W Public Relations http://www.5wpr.com/ Kevin A. Mercuri 917-346-9386 kevin*5wpr.com
TRANSFER AGENT: Corporate Stock Transfer http://www.corporatestock.com 3200 Cherry Creek Drive South Suite 430 Denver, CO 80209 Tel(303)282-4800 (Laurie) Fax(303)282-5800 email: info*corporatestock.com
==================== FoggDogg's Contact List ==================
Pratt & Whitney Power Systems Phil Vecchiarelli, Area Director of Sales Corporate Headquarters 400 Main Street East Hartford, CT 06108 United States: 860-565-4321 http://www.pratt-whitney.com
Turnkey Electric-JV partner of Pratt & Whitney Power Systems Kyle Barnette-Co-Owner Turnkey Electric LLC Mobilepac/Turbine Sales Division Atkinson, NH 08311 800 975-6016 http://www.mobilepacusa.com/
Patent Attorneys Finnegan, Henderson, Farabow, Garrett and Dunner, LLP 901 New York Avenue, NW Washington, DC 20001-4413 202.408.4000 202.408.4400 [fax] Contact: Lou.Trolio*finnegan.com http://www.finnegan.com/
=========================== About I. C. Thomasson =============
I. C. Thomasson Associates, Inc. (ICT) is an employee owned multidisciplinary engineering and consulting firm established by Mr. I. C. Thomasson in 1942. Located in Nashville, Tennessee, we currently have branch offices in Tampa, Florida; Knoxville, Tennessee; and Brookhaven, Mississippi.
ICT's primary obligation is to the client and to the job that we have been entrusted. The company has a continuing commitment to providing price competitive, innovative, timely and quality engineering services for a diverse range of project types.
The experience and capabilities of any firm are best reflected in its work. The magnitude and diversity of the cumulative experience and expertise of ICT can only be suggested by the abbreviated information covered in our various market segments, which represent only a sample of the more than 13,000 projects the firm has completed.
====================== The Science/Technology ===================
From a post by J_Livermore:
The terminology used in the process is two-fold: Pyrolytic Carbon Extraction (PCE) and Green Waste to Energy (GWE).
PCE is a term used in two ways, and they are often confused. On one hand it refers to the the creation of a kind of carbon under certain foundry conditions which has the unique characteristic of transferring heat along its longitudinal planar axis (surface) with a heat conductivity similar to copper wire. Along its vertical axis (depth) it transfers no heat which makes it an ideal material for coating the combustion chambers of engines which cannot be cooled by water or air. Coating of granular nuclear material and space reentry shields are other applications. The other useage is to describe the extraction of carbon compounds from organic materials, and old tires, etc. I believe, JR's process probably refers to the latter, although if somehow he were to combine a living catalyst (bacteria or yeast) to aid in the conversion process, maybe Pyrolytic Carbon materials are somehow used to divide off hot and cool areas in the reaction chamber which would keep the organisms alive it an otherwise too hot environment. The process most probably envolves pressure, which would make any reaction more energy efficient. It is possible he uses just Pyrolysis and pressure along with an inorganic, or Ph widening material or agent as well. But this is all conjecture on my part, but that is the science behind the terminology anyway. I think it was JR's intention long ago to provide a service which broke down Tires through PCE, but for some reason it did not work as well as thought. GWE may be another application of a similar process.
As to GWE, there are a whole myriad of approaches. Some of them involve the creation of a soup made of the organic material and specially engineered bacteria. The problem with the bacterial approach, is that very often the bacteria kill themselves off with too high concentrations of their own output. Dual bacterial cultures with different outputs are used as a way around this. JR's process may be more simply defined as the terms PCE and GWE are interchangeable in that he is heating the mixture in some unique kind of planar way.
The thing I can't figure out, is how the reaction takes place so quickly, and how the energy cost required to break the stuff down is so low. I believe someone said the process to break down 20 pounds of beans took about 8 minutes. If this is incorrect, then the process - whatever route it takes - is more feasable in my book.
As best I can find out, JR has been a pioneer in this area for quite some time. The earlier, 2000, failure to get the project off the ground could have been due to at least two factors: The lower cost of oil which would make the breakeven profitable point a negative number, and the lack of stimulus from the environmental groups which has built momentum recently with the wider attention placed on the Kyoto Accords and allowed for financing monies to be made available for such projects. The favorable tax treatment could be a profitability swing factor as well.
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This is definately a long term hold. I own it but am not really worried about it as I think by this time next year 2008 things will really be taking off.
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I agree with you Source. Of course we are all impatient but a natural disaster or conflict in the middle east could speed up the process.
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Press Release Source: Originally New York, Inc
Originally New York Inc Announces Name Change To United Ethanol Group, Inc Friday February 2, 12:09 pm ET John H. Rivera Appointed Chairman of The Board
CHICAGO--(BUSINESS WIRE)--"Originally New York, Inc," the parent company of Diversified Ethanol, (OTCBB:ONYI - News) has announced that it is changing its name to "United Ethanol Group, Inc." The new name will more accurately represent its business, and considerately accommodate other companies wishing to be part of a consolidation movement in the ethanol industry, sharing technology and resources. Furthermore, the company announced it has named John H. Rivera Chairman of the Board of Directors effective immediately. Mr. Rivera is currently CEO and Chairman of the Board of Directors of U.S. Sustainable Energy Corp., (Other OTC:USSE - News). ADVERTISEMENT
Company CEO Taylor Moffitt commented, "We are very pleased with the progress we have made towards the previously announced integration of our company with U.S. Sustainable Energy Corp. ( USSE ) . Their blockbuster technology enables us to substantially reduce the costs of producing ethanol. We will make it available freely to all privileged members of the United Ethanol Group, a consolidation movement in the ethanol industry. The USSE boutique of unique green biofuels is dedicated to the elimination of the U.S. dependence on foreign oil. Together, we will reduce the cost of the U.S. and world energy markets. Our revolutionary fuels will reduce costs in transportation businesses spanning from trucking, railroads and shipping. We will actually become our own first customer in the transportation industry, as our feedstock and fuels will be shipped and delivered economically using our own breakthrough fuels to power the trains, trucks and barges that will service our plants."
Further updates on the culmination of our partnership with USSE will be made available to investors immediately as they are concluded.
Commenting further, Mr. Rivera stated, "Furthering our quest to dominate and become the leader of the global ethanol marketplace, we will be building plants to be supported by the excess energy generated by USSE and our subsidiary Sustainable Power Corp. (SPC). "Using Diversified Ethanol's ultrasonic low frequency technology, we will obtain up to 30% more sugars from the corn that will be processed," according to independent university research. In addition, according to industry experts, "We expect we will also save between 30-35% on our energy costs in producing ethanol and making our product the most cost competitive ASTM certified 200 proof ethanol anywhere in the world."
"In addition to our existing ethanol boutique, we now have the ability to produce ethanol using energy from cow, pig, and chicken waste as well as forestry products, giving us an insatiable supply of non-food wastes to be converted into fuel. We can turn these wastes into "green" gold - ethanol. While chemically identical to ethanol produced from other energy sources, this green ethanol production emits a lower net level of greenhouse gases, while cleaning up many problems otherwise caused these wastes. Recent technological developments are not only improving yields but also driving down production cost, bringing us closer to the day when ethanol will replace expensive, foreign "black gold" with a sustainable, domestically produced biofuel."
This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
Contact: Originally New York, Inc, Eagle Grove Chris McGovern, 515-603-6292
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quote:Originally posted by a surfer: Remember the warning signs we had for CSHD...
No one wanted to pay attention to them when we were trading at $3.00.
I am not saying this is like CSHD.
Protect capital!!
Believe me that thought has crossed my mind a couple of times . I have flipped it a few times as USSE and 3 or 4 times as LFZA . I'm still in the hole over all but not by a lot . I bought more the other day * .25 and plan to flip it around .40 or so when it runs up again .
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quote:Originally posted by a surfer: Remember the warning signs we had for CSHD...
No one wanted to pay attention to them when we were trading at $3.00.
I am not saying this is like CSHD.
Protect capital!!
Believe me that thought has crossed my mind a couple of times . I have flipped it a few times as USSE and 3 or 4 times as LFZA . I'm still in the hole over all but not by a lot . I bought more the other day * .25 and plan to flip it around .40 or so when it runs up again .
Source...I'm with you. I boughy more recently to hold or flip given the situation. I just thought with the recent oil prices dropping to the lower $50's the whole ethanol buzz would go away for a while until the prices of oil went back up. Well, that was quick, we are back to $60 a barrel so I think the ethanol craze will be back in a few weeks.
As far as the article goes...I think it put USSE in a good light as a legitimate company.
posted
Press Release Source: U.S. Sustainable Energy Corp.
University Provides Further Validation of USSEC Biofuel Discovery Wednesday February 21, 8:00 am ET
U.S. Sustainable Energy Corp. Hosts Visitors From Department of Biological Sciences From Alcorn State University
NATCHEZ, MS--(MARKET WIRE)--Feb 21, 2007 -- U.S. Sustainable Energy Corp. (Other OTC:USSE.PK - News) announces today further validation tests completed by independent researchers and visiting academia at USSEC's bio-energy plant in Natchez, Mississippi. ADVERTISEMENT
Visiting from Alcorn State University, Dr. Willie Humphrey, Ph.D., Wildlife Ecologist, and Emma Jackson, M.S., Biologist / Assistant Phytoremediation Researcher, were on site to observe and provide further validation of USSEC's "Rivera Process," as well as baseline yield data from the company's biofuel production capabilities. Both members of Alcorn State University (ASU) were in attendance due to their personal involvement in identifying cost-effective clean renewable resources for the future.
"It is always our pleasure to host members of the scientific community that work selflessly to identify alternative fuel sources and emerging technologies that will change the world," stated USSEC CEO John Rivera. "Their efforts in drawing global visibility to real and existing solutions provide the framework for accelerated research across many related fields, and contribute greatly to the adoption rates by society as a whole."
The independent validation process included a series of production, performance, and physical property tests, aimed at identifying both the quality and usability of the USSEC biofuel and direct byproducts. The team observed firsthand the simplified "Rivera Process" converting 20 pounds of soybeans into 11.42 liquid pounds, 5.31 pounds of ash or solid material, and 3.27 pounds of biogas -- including just over two gallons of biofuel, providing a minimum yield of five gallons of green fuel per bushel of soybeans.
In another demonstration it was noted that the fuel does not clog engines, flows at temperatures lower than -70° F, and remains liquefied at temperatures of -90° F. During the performance tests it was shown that the fuel burns very cool and does not degrade engine performance. It was also noted in the demonstration that it can be used 100% in diesel engines and as a 50/50% blend in gasoline engines without retrofit or modification. No gum deposit or residue formed, and these qualities indicated that the USSEC Biofuel shows great promises for usage in cars and trucks, as well as power generation.
"U.S. Sustainable Energy using the 'Rivera Process' has placed the solution to our energy problems on the front burner, and the flame is on high," remarked Dr. Humphrey, a Wildlife Ecologist at Alcorn State University. "We believe that this is the sparkle that will ignite the flame of deliverance of America from Foreign oil dependency. We must make a transition from fossil fuels to other energy sources and do it before current supplies run low. This is where the USSEC group of companies and their production of biofuel from soybeans fit in."
Alcorn State University joins a number of high profiled power companies, municipalities, and leading energy brokers that have made the trip to USSEC's bio-energy plant in Natchez, with the company receiving queries and proposal requests for more than 60 Gigawatts (60,000 Megawatts) of power plant services already within their first quarter of trading. "The assignment of exclusive rights to Sustainable Power Corp. (Other OTC:SSTP.PK - News) to market our biofuel integrated within large scale power plants is coming at a perfect time," commented Rivera. "With our first fuel production facility progressing rapidly and our engineering stages reaching completion, we are ready to start signing official contracts and our pre-construction planning."
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) what they had originally estimated. USSE and some of the others (like AMHD) should do very well if averything come to pass the way he said in the speech.
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