GSPI Consortium to Construct ''Algae-to-Biodiesel'' Facilities in Two Countries
March 15 2007 - 9:30AM
Business Wire
Green Star Products, Inc. (OTC:GSPI) announced today that its
Consortium of independent companies will begin construction of two
demonstration �algae-to-biodiesel� production facilities in the
U.S. and abroad. The GSPI Consortium (see press release dated June
28, 2006) has collectively many years of experience in the algae
development arena. The Consortium has developed a patent pending
proprietary algae processing system and it also has assembled a
seven-member research team, which has been in operation at the
University of Baja California in Ensenada, Mexico. Joseph LaStella,
President of GSPI, stated, �Algae has been the least studied
feedstock source to produce biodiesel, yet holds the greatest
solution simultaneously for energy development and global warming
mitigation.� Algae eats CO2, which is the biggest Global Warming
Gas, and can produce up to 60 times more oil per acre than
traditionally used agricultural oil crops (soybeans, corn, canola,
jatropha, etc.). Mr. LaStella further quotes from a U.S. Department
of Energy report, �In a World of ever more limited natural
resources, algae technology offers the opportunity to utilize land
and water resources that are today unsuited for any other land use
needs. For example, microalgae complements rather than competes
with other biomass based fuel technologies.� The report goes on to
say that microalgae is one of the most efficient CO2/O2 exchangers
on the planet and one of the most variable ecological groups of
organisms and at the same time they are one of the least studied.
In-Flight Media has produced an impressive current-event
documentary type two-minute video clip for GSPI. The video
illustrates a solution to both solving the fuel crisis and global
warming crisis simultaneously. Over 5-million people will view this
video on Continental Airline flights during the months of April and
May. A preview of this video is presently available for viewing at
http://video.google.com/videoplay?docid=595872956429027619. Green
Star Products has been a technology leader for many years in the
biodiesel industry with its advanced reactor system (see press
release dated March 7, 2007). The GSPI biodiesel reactor technology
combined with its Consortium partners� advanced algae processing
system makes GSPI a front-runner in the energy race. The general
public does not realize the un-sustainability of our society when
considering that the U.S. uses 25% of the total World oil
production each day and has only 2% of the total World oil
reserves. Most people do not realize that for every gallon of
petroleum fuel burned (diesel or gasoline) in their vehicles this
gallon releases 15 pounds of global warming gases into the
atmosphere! The two GSPI algae processing demonstration facilities
will be in production by late summer 2007. Green Star Products,
Inc. (OTC:GSPI) 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 and its
Consortium are 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.
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