EPA Praises Biodiesel at National Biodiesel Board's Convention; American Biofuels Fuels VW'S Demo Car At Convention
February 13 2006 - 9:30AM
Business Wire
Environmental Protection Agency (EPA) Administrator Stephen L.
Johnson delivered the keynote address to the General Session of the
National Biodiesel Board 2006 Conference & Expo in San Diego
February 5th thru 8th. Johnson said, "Our country is on the verge
of a dramatic change for how we power our cars, our homes and our
businesses. And innovation -- including innovations in biodiesel --
is the catalyst of this change." "The President knows we are too
reliant on foreign oil," Johnson said, and continued: "Renewable
fuels like biodiesel are the next step in our steady march toward
cleaner, healthier air." Johnson recognized the significant
environmental benefits of biodiesel and stated his belief that the
U.S. agricultural industry is strong and up to the challenge when
it comes to reducing foreign oil. American Biofuels (ABF), which is
35% owned by Green Star Products (OTC:GSPI), also provided the
biodiesel that fueled the Volkswagen demonstration car at the NBB
Expo. Actress Darryl Hannah, also a keynote Speaker, received some
of ABF'S biodiesel in her Car. ABF was represented at the NBB Expo
by its marketing partners Energy Merchants, who also had an
exhibition booth at the Expo (see press release dated December 2,
2005). The NBB Expo was the largest ever and had over 2,000
registered attendees and representatives from many countries. The
conference was buzzing with excitement because only a week earlier
President Bush set a goal of replacing 75% of US Oil Imports with
alternative fuels by 2025. ABF is ramping up to meet the
ever-increasing demand for biodiesel. ABF recently announced their
expansion plans for their existing Bakersfield Biodiesel Production
Facility in California (see GSPI press release dated January 27,
2006). ABF recently received its largest shipment to date of five
railroad cars of feedstock vegetable oil to process into biodiesel
(see pictures at GreenStarUSA.com). 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
http://www.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 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.
Green Star Products (PK) (USOTC:GSPI)
Historical Stock Chart
From Jun 2024 to Jul 2024
Green Star Products (PK) (USOTC:GSPI)
Historical Stock Chart
From Jul 2023 to Jul 2024