Green Star One Step Closer to Marketing Algae Booster
October 13 2008 - 12:05PM
Business Wire
On May 22, 2008, Green Star Products, Inc. (OTC:GSPI) announced
that a major breakthrough had been achieved, which substantially
increases the algae production rate of certain strains of
microalgae. This all natural growth formula is now being studied on
five continents. The first preliminary tests of the growth formula
have come from John A. Lednicky PhD, principal scientist at Midwest
Research Institute (MRI). The Midwest Research Institute is a
prestigious non-profit organization, which has co-managed the
National Renewable Energy Laboratory (NREL) along with Batlelle.
Dr. Lednicky's tested the Montana Micronutrient Booster (MMB)
growth formula and his results agree with testing completed at the
University of Baja California in Ensenada Mexico (See GSPI press
release dated May 22, 2008). Dr. Lednicky tested GSPI's MMB natural
growth formula on two algae strains, one freshwater and one
saltwater, and found that both test strains did grow 200 percent
more in algae biomass compared to their respective controls. Dr.
Lednicky's tests also indicated that the increase in biomass also
included cells that lived longer and were larger in size. This
discovery provides one more link in the research currently being
conducted to understand the viability of using algae as another
alternative fuel source. The test concluded that the sample grew
more algae mass, there is no link from the test that associates the
tested algae with fuel. MRI firmly believes that the energy
solutions will require a portfolio of renewable and alternative
energy sources. Nevertheless, Green Star believes that the NREL
Aquatic Species Program conclusions were correct in respect to the
potential of algae to produce biodiesel. NREL in a 17-year study
that incorporated 12 universities, had determined that, �High
oil-producing algae can be used to produce biodiesel, a chemically
modified natural oil that is emerging as an exciting new option for
diesel engines. At the same time, algae technology provides a means
for recycling waste carbon from fossil fuel combustion. Algal
biodiesel is one of the only avenues available for high-volume
re-use of CO2 generated in power plants. It is a technology that
marries the potential need for carbon disposal in the electric
utility industry with the need for clean-burning alternatives to
petroleum in the transportation sector.� Joseph LaStella, President
of Green Star, stated, �These initial confirmations of earlier
studies, which now also include both salt and freshwater algae, are
far reaching. It is important to note again that algae can produce
oil 50 to 100 times faster than traditional oil crops (soy, canola,
etc.) and does not require fertile crop land nor copious fresh
water resources. Algae, like other plants, actually consume (eat)
CO2 in gigantic amounts. CO2 is one of the major Global Warming
Gases.� Green Star and many laboratories around the world are now
researching the effect of the MMB formula on other algae strains to
identify which strains respond to the formula; the nutritional
mechanisms that are involved in increasing algae biomass; and, the
optimum concentration of the MMB formula for different algae
strains. Presently, MMB concentration ratios that vary from 6,000
to 1 through 20,000 to 1 have indicated excellent results. Mr.
LaStella also stated that confirmations of the MMB effectiveness
like the results by MRI will greatly accelerate the MMB application
research worldwide, including GSPI's own research. In conclusion,
Mr. LaStella, in agreement with MRI, stated that the U.S. needs a
portfolio of alternative energy sources. Green Star along with its
consortium partners have spent considerable time and expense
developing the biorefinery concept, which incorporates several
alternative energy technologies under one roof including cellulosic
ethanol, algae biodiesel and biogas. Additionally to biofuel
production, the biorefinery also produces renewable steam,
electricity, fertilizer and specialty chemicals from agricultural
and municipal waste (see GSPI biorefinery press release titled
�Saline County Missouri Approves $141 Million Revenue Bonds for
Alternative Energy� dated July 31, 2008). The algae growth booster
formula is not yet a commercial product. Pending the outcome of
further testing, GSPI plans to start marketing the product next
year. GSPI will be the worldwide distributor of the MMB formula and
has already received many requests to purchase the product as it
becomes available. The MMB product line could be a large corporate
profit division for GSPI. See previous GSPI announcements
concerning the booster on press releases dated May 22, May 30 and
June 5, 2008. If large commercial algae farms are constructed in
the near future, algae biodiesel could be a major transition
technology, among other alternative energy technologies, to wean
the United States from foreign oil and provide economic
sustainability and stability. During the past three years, GSPI's
algae research has continued at the University of Baja California,
Mexico, and at the Montana 40,000 liter demonstration facility.
These facilities have produced a variety of important data which
led to the development of the HAPS algae production system (see
GSPI's algae research report dated May 9, 2008). Research
objectives included: control of optimal environmental growth
conditions (i.e. temperature, pH, salinity, evaporation, control of
invading species, optimal nutrient management, etc.), harvesting
and algae biomass processing, testing various algae strains and
algae nutrient booster tests. Field research also included,
engineering and field construction costs, and development of
harvesting, drying, extraction and production of finished
marketable products from algae. These products include high-protein
food, vegetable oil, biodiesel, specific chemicals and direct
conversion of biomass to other biofuels (bio-oil). Other on-going
developments include reclamation of wastewater and wastewater
nutrient utilization. Consortium partner Biotech Research, Inc., is
also in the process of patenting a unique inexpensive vertical
closed photobioreactor and fermentation bioreactor systems that may
compete in the markets where sterile vertical growth systems are
required for special microorganism cultures, production of special
biotech metabolites or where land is limited such as Japan. Biotech
Research also realizes the potential for mass-production
aquaculture projects that are fully integrated with algae biomass
production and wastewater utilization including fish farming. 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 Public Relations at
1-800-741-7648 and 1-800-340-9784, 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.
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