Green Star to Build Algae Biodiesel Plant

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Global Bioenergy Industry News

Friday, September 24, 2010

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Green Star to Build Algae Biodiesel Plant

US - Green Star Products has signed a contract to build a biodiesel facility - the first of several contracts in conjunction with an ambitious Algae-to-Biodiesel project on the west coast of the US.

Green Star has already started manufacturing the 13 modules required for the processing of algae oil and other low cost available oils to produce biodiesel.

The contract states that Green Star will build these modules at cost and will earn Green Star a future equity position and cash flows from the facility.

This strategy has been a long term concept for Green Star which insures that the Company is not selling its proprietary technology but only builds facilities in which it shares in the ownership and cash flows.

This also helps guarantee the security of its intellectual property.

The algae to biodiesel plant will be rated initially at two million gallons per year with all necessary provisions incorporated so that the plant can easily be expanded to larger capacities in the future.

The algae bioreactor system associated with this biodiesel plant is still under negotiation. Green Star will also participate in the engineering, fabrication and construction of the algae facility.

Since this algae-to-biodiesel facility will be one of the largest of its kind ever built, it will not only be designed as a commercial facility but also serve as a giant research facility.

Many other organisations will be involved, including universities and international research companies.

Mr. Joseph LaStella, President of Green Star, said: “There are many technologies that will be incorporated into the facility including the MMB formula for algae growth, which has been verified by industry professionals in the past two years to increase algae growth 200 per cent and more over a six day growth cycle.

"This algae growth booster formula has been successful in many types of algae strains including saltwater and freshwater species.”

Mr. LaStella added: “All participants are very enthusiastic with the start of this program and we are endeavoring to obtain the necessary permits for this exciting venture.”