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Blogs under tag Biodiesel Facility

Algae biodiesel plant . A new business model !! Posted by Luis on Fri September 24 2010 12:47:11 AM

Algae biodiesel plant . A new business model !!

Green star products, builds , fabricates a biodiesl facilitiy comprising of 13 modules for a client in  West coast.
They manufacture this and sell at no profits, but would take a share of the equity.
new model indeed. Neither the company's press release nor the news item
that i read talked about Green products' client / client base for such 
a new business model.

Read more about them here

Star Products, Inc., announced it has signed a contract to build a
biodiesel facility. This is the first of several contracts in
conjunction with an ambitious Algae-to-Biodiesel project on the west
coast. Please see press release dated August 19, 2010, for further
information (http://www.greenstarusa.com/news/10-08-19.html).

Star has already started fabrication of the 13 modules required for the
processing of algae oil and other low cost available oils to produce
biodiesel. The contract states that Green Star will build these modules
at cost and will earn Green Star a future equity position and cash flows
from the facility.

This strategy has been a long term concept
for Green Star which insures that the Company is not selling its
proprietary technology but only builds facilities in which it shares in
the ownership and cash flows. This also helps guarantee the security of
its intellectual property.

The algae to biodiesel plant will be
rated initially at two million gallons per year with all necessary
provisions incorporated so that the plant can easily be expanded to
larger capacities in the future. The algae bioreactor system associated
with this biodiesel plant is still under negotiation. Green Star will
also participate in the engineering, fabrication and construction of the
algae facility.

Since this algae-to-biodiesel facility will be
one of the largest of its kind ever built, it will not only be designed
as a commercial facility but also serve as a giant research facility.
Many other organizations will be involved, including universities and
international research companies.

Mr. Joseph LaStella, President
of Green Star, stated: There are many technologies that will be
incorporated into the facility including the MMB formula for algae
growth, which has been verified by industry professionals in the past
two years to increase algae growth 200% and more over a six day growth
cycle. This algae growth booster formula has been successful in many
types of algae strains including saltwater and freshwater species.See
report and photographs at http://www.greenstarusa.com/summary.pdf .

LaStella added: All participants are very enthusiastic with the start
of this program and we are endeavoring to obtain the necessary permits
for this exciting venture.