Yahoo Finance.com reports countries such as Spain, China, Brazil, Australia and Canada, among many others have expressed interest to Green Star Products, Inc. regarding algae biodiesel. Continental Airlines’ two-minute documentary shown on flights around the world, and a fifteen-minute interview with CEO Joseph LaStella presented have been credited as the media events sparking recent global interest in algae biodiesel.
Yahoo Finance.com reports that while biodiesel from algae can produce 50-100 times more oil per acre than oil from crops such as corn or soybeans, Green Star Products, Inc. claims biodiesel algae will only meet a small percentage of the world’s increasing demand for fuel.
Yahoo Finance.com reports that the value of contract orders for Green Star Reactors to De Beers Fuel Limited of South Africa will total $10.8 million. The reactors will be delivered over the next 18 months stacked on top of one another in a forty foot container to save on shipping costs. Mr. Frik de Beer, President of De Beer Fuel Limited, had increased his exisiting order upon touring GSPI Showcase Facility. He reported that the Green Star Reactor exceeded its design production capcity of 10 MMgy.
Yahoo Finance.com reports that the general public does not realize that for every gallon of petroleum fuel burned there is 15 pounds of global warming gases released into the atmosphere. Green Star Products, Inc. and its Consortium have announced they will construct two demonstration algae-to-biodiesel facilities in the U.S. and abroad. Algae eats CO2, which is the biggest global warming gas. It can also produce sixty times more oil than traditionally used agricultural oil crops, such as corn and soybeans. These two demonstration facilities will be in production by late summer 2007. Green Star Products, Inc. is a front runner in the energy race due to its’ biodiesel reactor technology and its’ Consortium partners’ advanced algae processing system.
Yahoo Finance.com reports that Green Star Products, Inc fully intends to maintain requirements under the Pink Sheets’ Disclosure Categorization system. All Pink Sheets listed companies will receive a proposed classification from Pink Sheets based on the timing and quality of the company’s public disclosure. They will then be assigned a category and icon to be displayed by the company’s symbol everywhere it appears on www.pinksheets.com. Presently, very few company’s are meeting the requirements to maintain preferable “Current Information” classification. In order to make this classification, company’s must provide timely post annual and quarterly financials, timely post quarterly updates of company’s disclosure document, and issue press releases for all material coporate events.
