Vega Biofuels to Showcase Its Bio-Coal During European Road Show
(firmenpresse) - NORCROSS, GA -- (Marketwire) -- 03/21/12 -- (PINKSHEETS: VGPR) announced the Company will be showcasing the benefits of its bio-coal product to power and energy firms throughout Europe.
Vega Biofuels recently announced plans to build a green-energy manufacturing plant in Cordele, Georgia that will manufacture bio-coal from timber waste. The bio-coal will be made using special technology called "torrefaction."
The Company has received interest in its bio-coal product from all over the world. However, the Company's main focus is currently in Europe. The European Union has the world's largest regional energy market and accounts for one fifth of the world's energy use.
"Our goal is to get commitments for the entire production capacity of the South Georgia plant," stated Michael K. Molen, Chairman/CEO of Vega Biofuels. "The design of the plant and the size of the facility will allow us to expand and add additional production lines to meet the expected demand from the EU. The initial demand is a result of the mandate that has been given to European power companies to cut carbon dioxide emissions by twenty percent by the year 2020. The obvious renewable energy solution is bio-coal. We need to take our product to our client. That's why we are planning to conduct a road show type tour that will allow us to meet directly with potential clients and show how they will be able to burn our torrefied bio-coal in their existing coal-fired power plants without having to retrofit their plant. Bio-coal can be processed through the existing fossil coal handling chain."
Torrefaction is a partial carbonization process that takes place at temperatures between 475 - 575º in a low temperature environment which makes the physical and energetic properties of the biomass much more comparable to traditional coal. The biomass is then compressed into briquettes to be sold to the end user. Torrefaction has the added benefit of reducing or eliminating undesirable volatiles, such as nitrous oxides and sulfur dioxides and is considered carbon neutral to the environment.
Certain statements in this release constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "forecast," "plan," "project," "intend," "expect," "should," "would," and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance (finance or operating) or achievements to differ from future results, performance (financing and operating) or achievements expressed or implied by such forward-looking statements.
CONTACT:
Vega Biofuels, Inc.
800-481-0186
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 21.03.2012 - 08:00 Uhr
Sprache: Deutsch
News-ID 1095054
Anzahl Zeichen: 0
contact information:
Contact person:
Town:
NORCROSS, GA
Phone:
Kategorie:
Forestry
Anmerkungen:
Diese Pressemitteilung wurde bisher 183 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Vega Biofuels to Showcase Its Bio-Coal During European Road Show
"
steht unter der journalistisch-redaktionellen Verantwortung von
Vega Biofuels, Inc. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
