Green Star Products Completes Installation of Biodiesel Plant at Odessa, Washington
April 22 2008 - 10:16AM
Business Wire
Green Star Products, Inc., (OTC: GSPI) announced today that it has
completed its installation of the Odessa Biodiesel Plant. Green
Star has also recently received the contract to complete the
installation of the Odessa tank farm and associated piping. The
Odessa Project includes a 28,000 sq. ft. renovated flat house with
600,000 bushel capacity silos and land with a 14-car railroad spur.
The Project also includes a crushing and degumming plant, which is
to be finished by late summer. The crushing equipment, including
oil presses, extruders and expellers, has been purchased and
delivered to the site. The initial production capacity will be
8,000,000 gallons of biodiesel per year. However, Green Star
Products has already incorporated some of the equipment and
engineering into the facility necessary to double capacity to
16,000,000 gallons a year. GSPI has a 15.8% equity interest in the
Development & Operating Company along with two local Farmer
Co-ops and Grain Processors. Recently, U.S. Senator from Washington
State, Maria Cantwell (Cantwell.Senate.gov) visited the facility.
Pictures of the Senator's visit and the biodiesel facility are
available at GreenStarUSA.com along with the local newspaper
article. During this visit, she was quoted as saying, �I got your
message about Federal funding loud and clear,� agreeing to look
into how such funds might be obtained. According to her website,
�Maria Cantwell is working with her colleagues on both sides of the
aisle to increase America�s energy independence; level the playing
field for new renewable and energy efficient technologies boost our
domestic biofuels industry�and increase the availability of biofuel
pumps.�1 When completed, the Odessa facility will be a totally
integrated biodiesel processing facility. It will incorporate its
own oil seed crushing and dry-processing equipment that can take
locally grown oil seeds (such as canola) and produce high-protein,
hexane-free feed meal and biodiesel fuel. It will be the first
facility of its kind in the Western U.S. that won�t need to rely on
volatile agricultural oil prices for its profitable operations. The
Green Star design establishes a new standard for biodiesel
production with extremely low energy consumption and
continuous-flow process. The City of Odessa and the surrounding
communities in Central and Eastern Washington will benefit greatly
from becoming a more sustainable society, less dependant on foreign
oil, while building demand for locally grown crops to develop an
entirely new industry. 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 green sustainable goods including
renewable resources like algae biodiesel and clean-burning
biofuels, cellulosic ethanol and other products, as well as
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.pinksheets.com,
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. 1 �The Odessa Record,� 107th year, No. 43
Pg. 1 by Terrie Schmidt-Crosby; copyright February 21, 2008
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