July 17, 2019

CSRWire.com The Corporate Social Responsibility Newswire

news by category

CSR News

GSPI Consortium to Construct "Algae-to-Biodiesel" Facilities in Two Countries

Submitted by: Green Star Products, Inc

Categories: Clean Technology, Environment

Posted: Mar 15, 2007 – 09:45 AM EST


Mar. 15 /CSRwire/ - SAN DIEGO--(BUSINESS WIRE)--March 15, 2007--Green Star Products, Inc. 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. 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 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 www.bloomberg.com and 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.

Copyright Business Wire 2007

For more information, please contact:

Joseph LaStella Green Star Products, Inc.
Phone: 619-864-4010


Issuers of news releases and not csrwire are solely responsible for the accuracy of the content